WebApr 7, 2024 · In this paper, we develop a more general framework of block-structured Markov processes in the queueing study of blockchain systems, which can provide analysis both for the stationary performance measures and for the sojourn times of any transaction and block. Note that an original aim of this paper is to generalize the two … WebMar 9, 2024 · We model the blockchain as a queueing system as shown in Figure 2.User transactions arrive at the transaction pool queue according to a Poisson process with …
A Mining Strategy for Minimizing Waiting Time in Blockchains for …
WebFeb 19, 2024 · 7. Conclusion. Blockchains remain relatively unexplored for theoretical modeling; in this paper, we propose a model to simulate a … WebWe found that those surveys are basically studying the blockchain-based applications, such as blockchain-assisted Internet of Things (IoT), business applications, security-enabled solutions, and many other applications in diverse fields. rods thrift mart
Queueing theory: the solution to unsustainable wait list practices
WebJan 25, 2024 · The proposed queueing theory model accounts for factors such as the activity time of blocks and the mean time between transactions. We parameterize the … WebDec 13, 2024 · This research aims to develop a queuing theory of blockchain systems, simplify the consensus steps, and improve the efficiency of consensus by establishing the queuing model, thereby optimizing the performance of a blockchain system. Accordingly, we propose a consensus mechanism combining DPoS and PBFT, which can rapidly deal … WebMar 9, 2024 · We model the blockchain as a queueing system as shown in Figure 2.User transactions arrive at the transaction pool queue according to a Poisson process with arrival rate and wait there until the miner (server) completes its current mining round. The miner then picks up transactions from the pool and starts generating the next block. rods that find water