Travelers: A scalable fair ordering BFT system

Abstract

Many blockchain platform are subject to maximal value extraction (MEV), and users on the platform are losing money while sending transactions because the transaction order can be manipulated to extract value from them. Consensus protocols have been augmented with different notion of fair ordering in order to counter the problem. Out of all practical protocols, the most efficient BFT consensus requires $O(nTL + n^2T)$ communication complexity, where $n$ is number node, $T$ is number of transactions and $L$ is average transaction size. In this work, we propose a new system of BFT fair ordering protocols, Travelers, that substantially reduce the communication complexity. The proposed system of protocols satisfy a new notion of fair ordering, called probabilistic fair ordering, which is an extension to some existing notions of fairness. The new notion allows a small probability of error $ε$, that adversary can insert some transactions at any location in a block, but for the remaining $1-ε$ the a modified version of ordering linearizability holds. Our mechanism neither require a dissemination network nor direct submissions to all consensus nodes. The key innovation comes from a routing protocol, that is both flexible and efficient. We construct a protocol with $O(c\log({n})TL + n^2)$ communication complexity with $ε= 1/n^c$ for some system parameter $c\ge 1$.