SCRamble: Adaptive Decentralized Overlay Construction for Blockchain Networks
By: Evangelos Kolyvas, Alexandros Antonov, Spyros Voulgaris
Potential Business Impact:
Makes blockchain transactions faster and safer.
Despite being under development for over 15 years, transaction throughput remains one of the key challenges confronting blockchains, which typically has a cap of a limited number of transactions per second. A fundamental factor limiting this metric is the network latency associated with the block propagation throughout of the underlying peer-to-peer network, typically formed through random connections. Accelerating the dissemination of blocks not only improves transaction rates, but also enhances system security by reducing the probability of forks. This paper introduces SCRamble: a decentralized protocol that significantly reduces block dissemination time in blockchain networks. SCRamble's effectiveness is attributed to its innovative link selection strategy, which integrates two heuristics: a scoring mechanism that assesses block arrival times from neighboring peers, and a second heuristic that takes network latency into account.
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