A Transaction Transmission Model for Blockchain Channels

Peiyun Zhang; Chenxi Li; Mengchu Zhou; Wenjun Huang

doi:10.1109/SMC52423.2021.9659104

A Transaction Transmission Model for Blockchain Channels

Peiyun Zhang, Chenxi Li, Mengchu Zhou, Wenjun Huang

Electrical and Computer Engineering

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

1 Scopus citations

Abstract

Transactions in blockchain networks can be transmitted through channels. Existing methods for channel transaction transmission depend on transaction routing information. If a node randomly chooses a channel to transmit a transaction, the transmission may be aborted due to insufficient funds (also called balance) or low transmission rate. To increase transmission success rate and reduce transmission delay across all transactions, this work proposes a transaction transmission model for blockchain channels based on non-cooperative game theory. The model considers the channel balance, states, and nodes' channel preferences. Steady-state transmission rates of selected channels are analyzed. The ideal solution for the model is found.

Original language	English (US)
Title of host publication	2021 IEEE International Conference on Systems, Man, and Cybernetics, SMC 2021
Publisher	Institute of Electrical and Electronics Engineers Inc.
Pages	374-379
Number of pages	6
ISBN (Electronic)	9781665442077
DOIs	https://doi.org/10.1109/SMC52423.2021.9659104
State	Published - 2021
Event	2021 IEEE International Conference on Systems, Man, and Cybernetics, SMC 2021 - Melbourne, Australia Duration: Oct 17 2021 → Oct 20 2021

Publication series

Name	Conference Proceedings - IEEE International Conference on Systems, Man and Cybernetics
ISSN (Print)	1062-922X

Conference

Conference	2021 IEEE International Conference on Systems, Man, and Cybernetics, SMC 2021
Country/Territory	Australia
City	Melbourne
Period	10/17/21 → 10/20/21

All Science Journal Classification (ASJC) codes

Electrical and Electronic Engineering
Control and Systems Engineering
Human-Computer Interaction

Keywords

Blockchain channel
channel state
insufficient channel balance
nodes' channel preferences
non-cooperative game
transaction transmission

Access to Document

10.1109/SMC52423.2021.9659104

Cite this

Zhang, P., Li, C., Zhou, M., & Huang, W. (2021). A Transaction Transmission Model for Blockchain Channels. In 2021 IEEE International Conference on Systems, Man, and Cybernetics, SMC 2021 (pp. 374-379). (Conference Proceedings - IEEE International Conference on Systems, Man and Cybernetics). Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/SMC52423.2021.9659104

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title = "A Transaction Transmission Model for Blockchain Channels",

abstract = "Transactions in blockchain networks can be transmitted through channels. Existing methods for channel transaction transmission depend on transaction routing information. If a node randomly chooses a channel to transmit a transaction, the transmission may be aborted due to insufficient funds (also called balance) or low transmission rate. To increase transmission success rate and reduce transmission delay across all transactions, this work proposes a transaction transmission model for blockchain channels based on non-cooperative game theory. The model considers the channel balance, states, and nodes' channel preferences. Steady-state transmission rates of selected channels are analyzed. The ideal solution for the model is found.",

keywords = "Blockchain channel, channel state, insufficient channel balance, nodes' channel preferences, non-cooperative game, transaction transmission",

author = "Peiyun Zhang and Chenxi Li and Mengchu Zhou and Wenjun Huang",

note = "Publisher Copyright: {\textcopyright} 2021 IEEE.; 2021 IEEE International Conference on Systems, Man, and Cybernetics, SMC 2021 ; Conference date: 17-10-2021 Through 20-10-2021",

year = "2021",

doi = "10.1109/SMC52423.2021.9659104",

language = "English (US)",

series = "Conference Proceedings - IEEE International Conference on Systems, Man and Cybernetics",

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Zhang, P, Li, C, Zhou, M & Huang, W 2021, A Transaction Transmission Model for Blockchain Channels. in 2021 IEEE International Conference on Systems, Man, and Cybernetics, SMC 2021. Conference Proceedings - IEEE International Conference on Systems, Man and Cybernetics, Institute of Electrical and Electronics Engineers Inc., pp. 374-379, 2021 IEEE International Conference on Systems, Man, and Cybernetics, SMC 2021, Melbourne, Australia, 10/17/21. https://doi.org/10.1109/SMC52423.2021.9659104

A Transaction Transmission Model for Blockchain Channels. / Zhang, Peiyun; Li, Chenxi; Zhou, Mengchu et al.
2021 IEEE International Conference on Systems, Man, and Cybernetics, SMC 2021. Institute of Electrical and Electronics Engineers Inc., 2021. p. 374-379 (Conference Proceedings - IEEE International Conference on Systems, Man and Cybernetics).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

TY - GEN

T1 - A Transaction Transmission Model for Blockchain Channels

AU - Zhang, Peiyun

AU - Li, Chenxi

AU - Zhou, Mengchu

AU - Huang, Wenjun

PY - 2021

Y1 - 2021

N2 - Transactions in blockchain networks can be transmitted through channels. Existing methods for channel transaction transmission depend on transaction routing information. If a node randomly chooses a channel to transmit a transaction, the transmission may be aborted due to insufficient funds (also called balance) or low transmission rate. To increase transmission success rate and reduce transmission delay across all transactions, this work proposes a transaction transmission model for blockchain channels based on non-cooperative game theory. The model considers the channel balance, states, and nodes' channel preferences. Steady-state transmission rates of selected channels are analyzed. The ideal solution for the model is found.

AB - Transactions in blockchain networks can be transmitted through channels. Existing methods for channel transaction transmission depend on transaction routing information. If a node randomly chooses a channel to transmit a transaction, the transmission may be aborted due to insufficient funds (also called balance) or low transmission rate. To increase transmission success rate and reduce transmission delay across all transactions, this work proposes a transaction transmission model for blockchain channels based on non-cooperative game theory. The model considers the channel balance, states, and nodes' channel preferences. Steady-state transmission rates of selected channels are analyzed. The ideal solution for the model is found.

KW - Blockchain channel

KW - channel state

KW - insufficient channel balance

KW - nodes' channel preferences

KW - non-cooperative game

KW - transaction transmission

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DO - 10.1109/SMC52423.2021.9659104

M3 - Conference contribution

AN - SCOPUS:85124297553

T3 - Conference Proceedings - IEEE International Conference on Systems, Man and Cybernetics

SP - 374

EP - 379

BT - 2021 IEEE International Conference on Systems, Man, and Cybernetics, SMC 2021

PB - Institute of Electrical and Electronics Engineers Inc.

T2 - 2021 IEEE International Conference on Systems, Man, and Cybernetics, SMC 2021

Y2 - 17 October 2021 through 20 October 2021

ER -

A Transaction Transmission Model for Blockchain Channels

Abstract

Publication series

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All Science Journal Classification (ASJC) codes

Keywords

Access to Document

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