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Auction-Based Storage Resource Allocation for Blockchain

delete2023-12-15
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PRE
AI
R
Rui Pan
Y
Yikun Hu
刘楚波 cover
刘楚波 (Chubo Liu) *
李克勤 cover
李克勤 (Keqin Li)
李肯立 cover
李肯立 (Kenli Li)
DOI:10.1109/JIOT.2023.3304810delete
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Abstract

Abstract

En 中文
The blockchain establishes trust by maintaining a distributed appending-only ledger, which is widely applied to the nodes lacking trust in the edge environment. However, the full-replication storage mode of blockchain is a big challenge for resource-constrained edge devices. What is worse, system performance is also affected by the large storage overhead. Existing solutions to reduce blockchain storage overhead often require additional security assumptions, lack incentives, or fail to account for resource heterogeneity. To overcome these limitations, we design an auction-based storage resource allocation scheme. Winners are selected to store blocks, taking into account the block preferences of nodes, and the fairness of the system. Nodes are incentivized by implementing fairness and equity in distributed auctions and data transactions through smart contracts. Finally, extensive experiments show 65%-81% savings in storage overhead compared to fully replicated storage.
Keywords:
Auction
blockchain
block offloading
distributed system
fair trading

Journal

IEEE Internet of Things Journal cover
IEEE Internet of Things Journal
IF:
8.9
Papers:
1.4W
Citations:
7.8W

Organization

S
state university of new york (suny) system
Scholars:
6.5W
Papers: 5.8W
Citations: 65
H
hunan university
Scholars:
4.5W
Papers: 3.3W
Citations: 70