Solving blockchain trilemma using off-chain storage protocol

【Author】 Reno, Saha; Haque, Md. Mokammel

【Source】IET INFORMATION SECURITY

【影响因子】1.300

【Abstract】Trilemma in blockchain refers to the infamous problem of simultaneously not delivering the three critical aspects of a ledger: security, scalability, and decentralisation. While security and scalability hinder decentralisation, security is jeopardised if the scalability is escalated. This deficiency of not maintaining a balance among these three crucial factors restricts the broader adoption of blockchain technology and cryptocurrencies in the industries. This paper proposes a solution to the blockchain trilemma by implementing a public ledger using The InterPlanetary File System (IPFS) and a newly introduced strategy called the double-chain technique. The scalability and decentralisation features are guaranteed by the distributed file system of IPFS and the public nature of the blockchain suggested in this study. Although any consensus can be plugged into our system, the proof-of-work consensus is utilised to ensure that the security is not compromised while stabilising scalability and decentralisation.

【Keywords】computer network security; cryptographic protocols; cryptography; data privacy; digital signatures; public key cryptography

【发表时间】2023 JUL

【收录时间】2023-08-07

【文献类型】实验仿真

【主题类别】

区块链技术-核心技术-存储策略