A Scalability based Energy Model for Sustainability of Blockchain Networks
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Blockchains have recently struggled to design for the ideal distributed trust networks by solving scalability trilemma. However, local conflicts between some countries lead to imbalance on energy distribution. Besides, blockchain networks (e.g., Bitcoin) currently consume enormous energy for transaction and mining. The existing data volume based trust model evaluated an increasing blockchain size better than Lubin’s trust model in scalability trilemma. In this paper, we propose a scalability based energy model to evaluate sustainability for blockchain networks, considering energy consumption for transaction, time duration, and the blockchain size of growing blockchain networks. Through the rigorous numerical analysis, we compare the proposed scalability based energy model with the existing model for the satisfaction and optimal blockchain size. Thus, the scalability based energy model will provide an assessment tool to choose the proper blockchain networks to solve scalability trilemma problem and prove sustainability.
Abstract
Blockchains have recently struggled to design for the ideal distributed trust networks by solving scalability trilemma. However, local conflicts between some countries lead to imbalance on energy distribution. Besides, blockchain networks (e.g., Bitcoin) currently consume enormous energy for transaction and mining. The existing data volume based trust model evaluated an increasing blockchain size better than Lubin’s trust model in scalability trilemma. In this paper, we propose a scalability based energy model to evaluate sustainability for blockchain networks, considering energy consumption for transaction, time duration, and the blockchain size of growing blockchain networks. Through the rigorous numerical analysis, we compare the proposed scalability based energy model with the existing model for the satisfaction and optimal blockchain size. Thus, the scalability based energy model will provide an assessment tool to choose the proper blockchain networks to solve scalability trilemma problem and prove sustainability.
참고문헌 (18)
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