Redefining Hybrid Blockchains: A Balanced Architecture
By: Syed Ibrahim Omer
Potential Business Impact:
Makes blockchain faster and cheaper for everyone.
Blockchain technology has completely revolutionized the field of decentralized finance with the emergence of a variety of cryptocurrencies and digital assets. However, widespread adoption of this technology by governments and enterprises has been limited by concerns regarding the technology's scalability, governance, and economic sustainability. This paper aims to introduce a novel hybrid blockchain architecture that balances scalability, governance, and decentralization while being economically viable for all parties involved. The new semi-centralized model leverages strategies not prevalent in the field, such as resource and node isolation, containerization, separation of networking and compute layers, use of a Kafka pub-sub network instead of a peer-to-peer network, and stakes-based validator selection to possibly mitigate a variety of issues related to scalability, security, governance, and economic sustainability. Simulations conducted on Kubernetes demonstrate the architecture's ability to achieve over 1000 transactions per second, with consistent performance across scaled deployments, even on a lightweight consumer-grade laptop with resource constraints. The findings highlight the system's scalability, security, and economic viability, offering a robust framework for enterprise and government adoption.
Similar Papers
Designing the Hybrid Cooperative: A Socio-Technical Architecture for Scalable, Global Coordination Using Blockchain
Computers and Society
Makes groups work together better, even with different rules.
Comparative Analysis of Blockchain Systems
Cryptography and Security
Lets people share information safely without a boss.
Enhancing Blockchain Cross Chain Interoperability: A Comprehensive Survey
Cryptography and Security
Connects different digital money systems together.