EC-Chain: Cost-Effective Storage Solution for Permissionless Blockchains

• URL: http://arxiv.org/abs/2412.05502v1
• Date: Sat, 07 Dec 2024 02:11:27 GMT
• Title: EC-Chain: Cost-Effective Storage Solution for Permissionless Blockchains
• Authors: Minghui Xu, Hechuan Guo, Ye Cheng, Chunchi Liu, Dongxiao Yu, Xiuzhen Cheng,
• Abstract summary: EC-Chain is a cost-effective storage solution for permissionless blockchains. For ledger data, EC-Chain refines existing erasure coding-based storage optimization techniques. We also introduce an easy-to-implement dual-trie state management system.
• Score: 21.455180531634387
• License:
• Abstract: Permissionless blockchains face considerable challenges due to increasing storage demands, driven by the proliferation of Decentralized Applications (DApps). This paper introduces EC-Chain, a cost-effective storage solution for permissionless blockchains. EC-Chain reduces storage overheads of ledger and state data, which comprise blockchain data. For ledger data, EC-Chain refines existing erasure coding-based storage optimization techniques by incorporating batch encoding and height-based encoding. We also introduce an easy-to-implement dual-trie state management system that enhances state storage and retrieval through state expiry, mining, and creation procedures. To ensure data availability in permissionless environments, EC-Chain introduces a network maintenance scheme tailored for dynamism. Collectively, these contributions allow EC-Chain to provide an effective solution to the storage challenges faced by permissionless blockchains. Our evaluation demonstrates that EC-Chain can achieve a storage reduction of over \(90\%\) compared to native Ethereum Geth.

Related papers

• A Hybrid Blockchain-IPFS Solution for Secure and Scalable Data Collection and Storage for Smart Water Meters [0.0]
  This paper investigates a hybrid blockchain and InterPlanetary File System (IPFS) approach designed to optimise storage efficiency, enhance throughput, and reduce block time. A substrate-based private blockchain was developed to store smart water meter (SWM) data. Results show that integrating IPFS significantly reduces on-chain storage demands, leading to smaller block sizes, increased throughput, and improved block times compared to blockchain-only storage.
  arXiv  Detail & Related papers  (2025-02-05T18:16:02Z)
• EvoChain: a Recovery Approach for Permissioned Blockchain Applications [7.094737268994282]
  This article presents EvoChain, a chaincode framework extension introducing controlled mutability for data redaction and recovery under time-limited or specific conditions. We validated our approach using WineTracker, a Hyperledger Fabric-based supply chain application.
  arXiv  Detail & Related papers  (2024-11-25T23:02:17Z)
• Advancing Towards Green Blockchain: A Practical Energy-Efficient Blockchain Based Application for CV Verification [0.0]
  This article describes a green blockchain solution and quantifies energy savings when deploying the system on traditional computers. It is proposed a solution for tackling the problem of academic certificate forgery, which has a significant cost to society. This article compares the performance of a traditional computer and two SBCs (a Raspberry Pi 4 and an Orange Pi One), showing that is possible to make use of the latter low-power devices.
  arXiv  Detail & Related papers  (2024-10-27T21:32:20Z)
• DBNode: A Decentralized Storage System for Big Data Storage in Consortium Blockchains [2.474908349649168]
  This paper proposes a decentralized storage system for Hyperledger Fabric. We employ erasure coding to partition files, then organize these chunks into a hierarchical structure. We design a two-layer hash-slots mechanism and a mirror strategy, enabling high data availability.
  arXiv  Detail & Related papers  (2024-09-30T09:22:15Z)
• Blockchains for Internet of Things: Fundamentals, Applications, and Challenges [38.29453164670072]
  Not every blockchain system is suitable for specific IoT applications. Public blockchains are not suitable for storing sensitive data. We explore the blockchain's application in three pivotal IoT areas: edge AI, communications, and healthcare.
  arXiv  Detail & Related papers  (2024-05-08T04:25:57Z)
• Enhancing Trust and Privacy in Distributed Networks: A Comprehensive Survey on Blockchain-based Federated Learning [51.13534069758711]
  Decentralized approaches like blockchain offer a compelling solution by implementing a consensus mechanism among multiple entities. Federated Learning (FL) enables participants to collaboratively train models while safeguarding data privacy. This paper investigates the synergy between blockchain's security features and FL's privacy-preserving model training capabilities.
  arXiv  Detail & Related papers  (2024-03-28T07:08:26Z)
• FileDES: A Secure Scalable and Succinct Decentralized Encrypted Storage Network [30.775493810737192]
  Decentralized Storage Network (DSN) is an emerging technology that challenges traditional cloud-based storage systems. We propose FileDES, which incorporates three essential elements: privacy preservation, scalable storage proof, and batch verification. Our protocol outperforms the others in terms of proof generation/verification efficiency, storage costs, and scalability.
  arXiv  Detail & Related papers  (2024-03-22T06:41:30Z)
• Generative AI-enabled Blockchain Networks: Fundamentals, Applications, and Case Study [73.87110604150315]
  Generative Artificial Intelligence (GAI) has emerged as a promising solution to address challenges of blockchain technology. In this paper, we first introduce GAI techniques, outline their applications, and discuss existing solutions for integrating GAI into blockchains.
  arXiv  Detail & Related papers  (2024-01-28T10:46:17Z)
• Secure Deep Reinforcement Learning for Dynamic Resource Allocation in Wireless MEC Networks [46.689212344009015]
  This paper proposes a blockchain-secured deep reinforcement learning (BC-DRL) optimization framework for data management and resource allocation in mobile edge computing networks. We design a low-latency reputation-based proof-of-stake (RPoS) consensus protocol to select highly reliable blockchain-enabled BSs. We provide extensive simulation results and analysis to validate that our BC-DRL framework achieves higher security, reliability, and resource utilization efficiency than benchmark blockchain consensus protocols and MEC resource allocation algorithms.
  arXiv  Detail & Related papers  (2023-12-13T09:39:32Z)
• When Quantum Information Technologies Meet Blockchain in Web 3.0 [86.91054991998273]
  We introduce a quantum blockchain-driven Web 3.0 framework that provides information-theoretic security for decentralized data transferring and payment transactions. We discuss the potential applications and challenges of implementing quantum blockchain in Web 3.0.
  arXiv  Detail & Related papers  (2022-11-29T05:38:42Z)
• Quantum-resistance in blockchain networks [46.63333997460008]
  This paper describes the work carried out by the Inter-American Development Bank, the IDB Lab, LACChain, Quantum Computing (CQC), and Tecnologico de Monterrey to identify and eliminate quantum threats in blockchain networks. The advent of quantum computing threatens internet protocols and blockchain networks because they utilize non-quantum resistant cryptographic algorithms.
  arXiv  Detail & Related papers  (2021-06-11T23:39:25Z)

This list is automatically generated from the titles and abstracts of the papers in this site.

This site does not guarantee the quality of this site (including all information) and is not responsible for any consequences.