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• W2794533297 abstract "Designing a secure permissionless distributed ledger (blockchain) that performs on par with centralized payment processors, such as Visa, is a challenging task. Most existing distributed ledgers are unable to scale-out, i.e., to grow their total processing capacity with the number of validators; and those that do, compromise security or decentralization. We present OmniLedger, a novel scale-out distributed ledger that preserves longterm security under permissionless operation. It ensures security and correctness by using a bias-resistant public-randomness protocol for choosing large, statistically representative shards that process transactions, and by introducing an efficient cross-shard commit protocol that atomically handles transactions affecting multiple shards. OmniLedger also optimizes performance via parallel intra-shard transaction processing, ledger pruning via collectively-signed state blocks, and low-latency trust-but-verify validation for low-value transactions. An evaluation of our experimental prototype shows that OmniLedger's throughput scales linearly in the number of active validators, supporting Visa-level workloads and beyond, while confirming typical transactions in under two seconds." @default.
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• W2794533297 date "2018-05-01" @default.
• W2794533297 modified "2023-10-14" @default.
• W2794533297 title "OmniLedger: A Secure, Scale-Out, Decentralized Ledger via Sharding" @default.
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• W2794533297 doi "https://doi.org/10.1109/sp.2018.000-5" @default.
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