A Novel Epoch-Based Transaction Consistency Sorting Protocol for DAG Distributed Ledger

Abstract

Because of the characteristics of decentralization, immutability, and transparency, blockchain has gradually become a new and revolutionary technology, which has far-reaching significance for the development of modern technology. However, the traditional Bitcoin blockchain that supports synchronous consensus suffers from the fatal flaw of low throughput. To improve throughput, a number of DAG distributed ledgers have been proposed that support asynchronous consensus, all of which allow multiple nodes to process concurrent transactions asynchronously. However, most DAG distributed ledgers do not implement consistent sorting of transactions, making it difficult to deploy smart contracts. To overcome this problem, in this paper, an epoch-based transaction consistency sorting protocol for DAG distributed ledger is proposed, which not only provides the possibility for the deployment of smart contracts but also can be used to resolve conflicting transactions in the ledger. Transaction consistency sorting protocol provides a more reasonably ordered list of all transactions by taking scalars, such as the set of their own past and future, parent block, and timestamp. In addition, through theoretical analysis, the stability and rationality of the transaction consistency sorting protocol are proved, and there is no Condorcet cycle. Finally, the simulation results demonstrate the protocol is efficient and achieve a throughput of at least 2000 transactions per second.