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arxiv: 1901.02755 · v1 · pith:O73OQHU6new · submitted 2019-01-09 · 💻 cs.DC · math.PR

Consensus Mechanism Design based on Structured Directed Acyclic Graphs

classification 💻 cs.DC math.PR
keywords designstructureacyclicconsensusdirectedmechanismtransactionassignment
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We introduce a structure for the directed acyclic graph (DAG) and a mechanism design based on that structure so that peers can reach consensus at large scale based on proof of work (PoW). We also design a mempool transaction assignment method based on the DAG structure to render negligible the probability that a transaction being processed by more than one miners. The result is a significant scale-up of the capacity without sacrificing security and decentralization.

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