StreamChain

Abstract

Processing at block granularity and blockchains seem inseparable. The original role of blocks is to amortize the cost of cryptography (e.g., solving proof-of-work) and to make data transfers more efficient in a geo-distributed setting. While blocks are a simple and powerful tool for amortizing these costs, today in permissioned distributed ledgers, that are often neither geo-distributed, nor require proof-of-work, the benefits of operating on blocks are overshadowed by the large latencies they introduce.