HCB: Enabling Compact Block in Ethereum Network with Secondary Pool and Transaction Prediction (2212.13367v1)

Abstract: Compact block, which replaces transactions in the block with their hashes, is an effective means to speed up block propagation in the Bitcoin network. The compact block mechanism in Bitcoin counts on the fact that many nodes may already have the transactions (or most of the transactions) in the block, therefore sending the complete block containing the full transactions is unnecessary. This fact, however, does not hold in the Ethereum network. Adopting compact block directly in Ethereum may degrade the block propagation speed significantly because the probability of a node not having a transaction in the sending block is relatively high in Ethereum and requesting the missing transactions after receiving the compact block takes much additional time. This paper proposes hybrid-compact block (HCB), an efficient compact block propagation scheme for Ethereum and other similar blockchains. First, we develop a Secondary Pool to store the low-fee transactions, which are removed from the primary transaction pool, to conserve storage space. As simple auxiliary storage, the Secondary Pool does not affect the normal block processing of the primary pool in Ethereum. Second, we design a machine learning-based transaction prediction module to precisely predict the missing transactions caused by network latency and selfish behaviors. We implemented our HCB scheme and other compact-block-like schemes (as benchmarks) and deployed a number of worldwide nodes over the Ethereum MainNet to experimentally investigate them. Experimental results show that HCB performs best among the existing compact-block-like schemes and can reduce propagation time by more than half with respect to the current block propagation scheme in Ethereum.