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Dynamic Mining Interval to Improve Blockchain Throughput. (arXiv:2312.14038v1 [cs.CR])
cs.CR updates on arXiv.org arxiv.org
Decentralized Finance (DeFi), propelled by Blockchain technology, has
revolutionized traditional financial systems, improving transparency, reducing
costs, and fostering financial inclusion. However, transaction activities in
these systems fluctuate significantly and the throughput can be effected. To
address this issue, we propose a Dynamic Mining Interval (DMI) mechanism that
adjusts mining intervals in response to block size and trading volume to
enhance the transaction throughput of Blockchain platforms. Besides, in the
context of public Blockchains such as Bitcoin, Ethereum, and Litecoin, a …
address blockchain decentralized defi dynamic finance financial financial inclusion inclusion issue mechanism mining systems technology transaction transparency