Abstract
Blockchain is one of the most promising technologies of the future. But till date, it is mostly used for transactions that involve mostly cryptocurrencies. To expand the scope of blockchain beyond cryptocurrency, it is really important to rethink the structure of existing blockchain architecture. One of the major factors which hold blockchain back from being an option to host real-world applications is its lack of Scalability. This paper presents the solution to scale blockchain using the concept of Autonomous Sidechains based on the Plasma framework. Instead of forcing the implementation of all transactions to the mainchain, we propose to create a new sidechain for every decentralized application. The sidechains created are autonomous with respect to each other, with mainchain acting as a backbone of the entire network. This concept increases the scalability of the blockchain by increasing the number of transactions network can process at a time.
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Vispute, A., Patel, S., Patil, Y., Wagh, S., Shirole, M. (2021). Scaling Blockchain by Autonomous Sidechains. In: Nath, V., Mandal, J.K. (eds) Proceeding of Fifth International Conference on Microelectronics, Computing and Communication Systems. Lecture Notes in Electrical Engineering, vol 748. Springer, Singapore. https://doi.org/10.1007/978-981-16-0275-7_38
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DOI: https://doi.org/10.1007/978-981-16-0275-7_38
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