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Consensus Mechanism Design based on Structured Directed Acyclic Graphs (1901.02755v1)
Published 9 Jan 2019 in cs.DC and math.PR
Abstract: We introduce a structure for the directed acyclic graph (DAG) and a mechanism design based on that structure so that peers can reach consensus at large scale based on proof of work (PoW). We also design a mempool transaction assignment method based on the DAG structure to render negligible the probability that a transaction being processed by more than one miners. The result is a significant scale-up of the capacity without sacrificing security and decentralization.