OptSmart: a space efficient Optimistic concurrent execution of Smart contracts

Anjana, Parwat Singh and Kumari, Sweta and Peri, Sathya and Rathor, Sachin and et al, . (2022) OptSmart: a space efficient Optimistic concurrent execution of Smart contracts. Distributed and Parallel Databases. ISSN 0926-8782

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Popular blockchains such as Ethereum and several others execute complex transactions in the block through user-defined scripts known as smart contracts. Serial execution of smart contract transactions/atomic units (AUs) fails to harness the multiprocessing power offered by the prevalence of multi-core processors. By adding concurrency to the execution of AUs, we can achieve better efficiency and higher throughput. In this paper, we develop a concurrent miner that proposes a block by executing AUs concurrently using optimistic Software Transactional Memory systems (STMs). It efficiently captures independent AUs in the concurrent bin and dependent AUs in the block graph (BG). Later, we propose a concurrent validator that re-executes the same AUs concurrently and deterministically using the concurrent bin followed by the BG given by the miner to verify the block. We rigorously prove the correctness of concurrent execution of AUs. The performance benchmark shows that the average speedup for the optimized concurrent miner is 5.21 × , while the maximum is 14.96 × over the serial miner. The optimized validator obtains an average speedup of 8.61 × to a maximum of 14.65 × over the serial validator. The proposed miner outperforms 1.02 × to 1.18 × , while the proposed validator outperforms 1 × to 4.46 × over state-of-the-art concurrent miners and validators, respectively. Moreover, the proposed efficient BG saves an average of 2.29 × more block space when compared with the state-of-the-art. © 2022, The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature.

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Item Type: Article
Additional Information: We want to thank the anonymous reviewers for their comprehensive review of our manuscript and many insightful comments and suggestions. The project was partially supported by a research grant from the Ministry of Electronics and Information Technology (MEITY) Grant/Award Number: 4(20)/2019-ITEA and 4(4)/2021-ITEA. We would also like to thank the Ministry of Electronics and Information Technology, India, for their support.
Uncontrolled Keywords: Blockchain; Concurrency control; Multi-version; Opacity; Smart contracts; Software transactional memory system
Subjects: Computer science
Divisions: Department of Computer Science & Engineering
Depositing User: . LibTrainee 2021
Date Deposited: 19 Jul 2022 12:59
Last Modified: 19 Jul 2022 12:59
URI: http://raiith.iith.ac.in/id/eprint/9796
Publisher URL: http://doi.org/10.1007/s10619-022-07412-y
OA policy: https://v2.sherpa.ac.uk/id/publication/17042
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