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A Secure Sharding Protocol For Open Blockchains

Published: 24 October 2016 Publication History

Abstract

Cryptocurrencies, such as Bitcoin and 250 similar alt-coins, embody at their core a blockchain protocol --- a mechanism for a distributed network of computational nodes to periodically agree on a set of new transactions. Designing a secure blockchain protocol relies on an open challenge in security, that of designing a highly-scalable agreement protocol open to manipulation by byzantine or arbitrarily malicious nodes. Bitcoin's blockchain agreement protocol exhibits security, but does not scale: it processes 3--7 transactions per second at present, irrespective of the available computation capacity at hand.
In this paper, we propose a new distributed agreement protocol for permission-less blockchains called ELASTICO. ELASTICO scales transaction rates almost linearly with available computation for mining: the more the computation power in the network, the higher the number of transaction blocks selected per unit time. ELASTICO is efficient in its network messages and tolerates byzantine adversaries of up to one-fourth of the total computational power. Technically, ELASTICO uniformly partitions or parallelizes the mining network (securely) into smaller committees, each of which processes a disjoint set of transactions (or "shards"). While sharding is common in non-byzantine settings, ELASTICO is the first candidate for a secure sharding protocol with presence of byzantine adversaries. Our scalability experiments on Amazon EC2 with up to $1, 600$ nodes confirm ELASTICO's theoretical scaling properties.

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cover image ACM Conferences
CCS '16: Proceedings of the 2016 ACM SIGSAC Conference on Computer and Communications Security
October 2016
1924 pages
ISBN:9781450341394
DOI:10.1145/2976749
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 the author(s) 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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Published: 24 October 2016

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Author Tags

  1. bitcoin
  2. consensus protocol
  3. sharding

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Overall Acceptance Rate 1,261 of 6,999 submissions, 18%

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  • (2024)Scalability of Blockchain Using ShardingEnsuring Security and End-to-End Visibility Through Blockchain and Digital Twins10.4018/979-8-3693-3494-2.ch018(326-349)Online publication date: 28-Jun-2024
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