Neonpool: Reimagining cryptocurrency transaction pools for lightweight clients and IoT devices

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Détails bibliographiques
Publié dans:	arXiv.org (Dec 18, 2024), p. n/a
Auteur principal:	Haq, Hina Binte
Autres auteurs:	Tahir, Ahmad, Buriro, Attaullah, Ullah, Subhan
Publié:	Cornell University Library, arXiv.org
Sujets:	Transaction processing Weight reduction Clients Digital currencies System on chip Lightweight
Accès en ligne:	Citation/Abstract Full text outside of ProQuest
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Description
Résumé:	The transaction pool plays a critical role in processing and disseminating transactions in cryptocurrency networks. However, increasing transaction loads strain the resources of full node deployments. We present \textit{Neonpool}, an innovative transaction pool optimization using bloom filter variants, which reduces the memory footprint of the transaction pool to a fraction. Implemented in C++ and benchmarked using a unique Bitcoin and Ethereum dataset, our solution verifies and forwards transactions with over 99.99\% accuracy and does not necessitate a hard fork. \textit{Neonpool} is ideally suited for lightweight cryptocurrency clients and for resource-constrained devices such as browsers, systems-on-a-chip, mobile or IoT devices.
ISSN:	2331-8422
Source:	Engineering Database