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

Furkejuvvon:
Publikašuvnnas:arXiv.org (Dec 18, 2024), p. n/a
Váldodahkki: Haq, Hina Binte
Eará dahkkit: Tahir, Ahmad, Buriro, Attaullah, Ullah, Subhan
Almmustuhtton:
Cornell University Library, arXiv.org
Fáttát:
Transaction processing
Weight reduction
Clients
Digital currencies
System on chip
Lightweight
Liŋkkat:Citation/Abstract
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Abstrákta: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
Gáldu:Engineering Database