Toward scalable blockchains with transaction aggregation

Abstract

Blockchains (BCs) are back-linked chain of records termed as blocks. To establish decentralized trusted systems, BCs employ consensus mechanisms. During the past ten years, there have been various proposals of BC design and implementations. However, most of the developed sate of the art BCs suffer from scalability issues. In order to enhance the scalability of the BCs, this paper proposes a transaction aggregation mechanism on a Proof-of-Stake (PoS)-based BC. Having developed the transaction aggregation and double linked blocks, efficient prevention and control of the BC's size growth is observed in the evaluated scenarios.