Conflux - Fighting Blockchain Scalability Bottleneck [sponsored] | Consensus 2019

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The scalability is the main obstacle of blockchain adoptions. In this talk, I will illustrate the blockchain scalability bottleneck and discuss how to fight it. I will then present Conflux, a fast, scalable and decentralized blockchain system that optimistically process concurrent blocks without discarding any as forks. The Conflux consensus protocol represents relationships between blocks as a TreeGraph and achieves consensus on a total order of the blocks. Conflux then, from the block order, deterministically derives a transaction total order as the blockchain ledger. Conflux also provides smart contract support. We evaluated Conflux on Amazon EC2 clusters with up to 20k full nodes. Conflux achieves a transaction throughput of 3000-6000TPS. [Sponsored by Conflux]
Category
Crypto News
Tags
Consensus 2019, Consensus, 2019, bitcoin, blockchain, coindesk, cryptocurrency, Yuanjie Zhang, Fan Long, Conflux

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