A Transaction Transmission Model for Blockchain Channels

Peiyun Zhang, Chenxi Li, Mengchu Zhou, Wenjun Huang

Research output: Chapter in Book/Report/Conference proceedingConference contribution

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 languageEnglish (US)
Title of host publication2021 IEEE International Conference on Systems, Man, and Cybernetics, SMC 2021
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages374-379
Number of pages6
ISBN (Electronic)9781665442077
DOIs
StatePublished - 2021
Event2021 IEEE International Conference on Systems, Man, and Cybernetics, SMC 2021 - Melbourne, Australia
Duration: Oct 17 2021Oct 20 2021

Publication series

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

Conference

Conference2021 IEEE International Conference on Systems, Man, and Cybernetics, SMC 2021
Country/TerritoryAustralia
CityMelbourne
Period10/17/2110/20/21

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

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