Paper Info
Title
Performance Comparison of Executing Fast Transactions in Bitcoin Network Using Verifiable Code Execution
Abstract
In this paper, we study Bit coin network for electronic cash transactions, and compare the extension to the BTCs network which inculcates provision of executing fast transactions with greater security and assurance with the former method of Proof-Of-Work for executing transactions. Above milestones are achieved by introducing the concepts of mutual trust and verifiable code execution between the payer and the payee in the network. Our work proposes a significant modification of the Pioneer model to provide a two-party trust framework for Bit coin transactions, considerably faster compared to the generic trust platform of Bit coin networks based on slow proof-of-work. The scheme proposed can promote the use of Bit coin transactions in real life scenarios, where fast transactions are desirable due time constraints between the payment and the service.
Year
DOI
Venue
2013
10.1109/ADCONS.2013.42
ADCONS
Keywords
Field
DocType
verifiable code execution,electronic cash transaction,performance comparison,bit coin network,bitcoin network,two-party trust framework,generic trust platform,executing fast transactions,desirable due time constraint,btcs network,fast transaction,bit coin transaction,pioneer model,mutual trust,trusted computing,trust,electronic money
Electronic money,Trusted Computing,Computer science,Computer security,Electronic cash,Computer network,Peer to peer computing,Verifiable secret sharing,Double spending,Payment
Conference
Citations 
PageRank 
References 
5
0.45
1
Authors
4
Name
Order
Citations
PageRank
Prabhjot Singh1112.06
B. R. Chandavarkar251.13
Srishti Arora350.45
Neha Agrawal482.58