Consider a blockchain proposed for an online store with 10,000 transactions/sec. It is to be implemented...
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Consider a blockchain proposed for an online store with 10,000 transactions/sec. It is to be implemented as a private blockchain with a 10-node P2P system which are the servers that receive users' orders and process them. They are also the miners. Assume that they are using proof-of-work with a SHA-256 bit hash with eight leading Os as the difficulty. i. What factors would be the limiting the scalabity of this system? ii. Suggest ways to overcome these scalability limitations. iii. What are the security and privacy concerns of this blockchain? Consider a blockchain proposed for an online store with 10,000 transactions/sec. It is to be implemented as a private blockchain with a 10-node P2P system which are the servers that receive users' orders and process them. They are also the miners. Assume that they are using proof-of-work with a SHA-256 bit hash with eight leading Os as the difficulty. i. What factors would be the limiting the scalabity of this system? ii. Suggest ways to overcome these scalability limitations. iii. What are the security and privacy concerns of this blockchain?
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Related Book For
Digital Systems Design Using Verilog
ISBN: 978-1285051079
1st edition
Authors: Charles Roth, Lizy K. John, Byeong Kil Lee
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