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Entitling concurrency to smart contracts using optimistic transactional memory

Published: 04 January 2019 Publication History

Abstract

It is commonly believed that blockchain is a revolutionary technology for doing business on the Internet. Blockchain is a decentralized, distributed database or ledger of records. It ensures that the records are tamper-proof but publicly readable. Blockchain platforms such as Ethereum [3] and several others execute complex transactions in blocks through user-defined scripts known as smart contracts. Normally, a block of the chain consists of multiple transactions of smart contracts which are added by a miner. To append a correct block into the blockchain, miners execute these transactions of smart contracts sequentially. Later the validators serially re-execute the smart contract transactions of the block. If the validators agree with final state of the blocks as recorded by the miner, then the block is said to be valid and added to the blockchain using a consensus protocol.

References

[1]
Thomas Dickerson, Paul Gazzillo, Maurice Herlihy, and Eric Koskinen. 2017. Adding Concurrency to Smart Contracts (PODC '17).
[2]
Solidity documentation. 2014. http://solidity.readthedocs.io/en/latest/index.html
[3]
Ethereum. 2014. http://github.com/ethereum

Cited By

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  • (2024)OptSmart: a space efficient Optimistic concurrent execution of Smart contractsDistributed and Parallel Databases10.1007/s10619-022-07412-y42:2(245-297)Online publication date: 1-Jun-2024

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cover image ACM Conferences
ICDCN '19: Proceedings of the 20th International Conference on Distributed Computing and Networking
January 2019
535 pages
ISBN:9781450360944
DOI:10.1145/3288599
  • General Chairs:
  • R. C. Hansdah,
  • Dilip Krishnaswamy,
  • Nitin Vaidya
Permission to make digital or hard copies of all or part of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for components of this work owned by others than ACM must be honored. Abstracting with credit is permitted. To copy otherwise, or republish, to post on servers or to redistribute to lists, requires prior specific permission and/or a fee. Request permissions from [email protected]

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Association for Computing Machinery

New York, NY, United States

Publication History

Published: 04 January 2019

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  • Short-paper

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ICDCN '19
Sponsor:
  • SIGOPS
  • Indian Institute of Science

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Cited By

View all
  • (2024)OptSmart: a space efficient Optimistic concurrent execution of Smart contractsDistributed and Parallel Databases10.1007/s10619-022-07412-y42:2(245-297)Online publication date: 1-Jun-2024

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