A Low-Storage Blockchain Framework Based on Incentive Pricing Strategies

Nowadays, blockchain bloat is an endangering issue caused by inefficient transaction storage mechanisms. Based on the Distributed File System (DFS), network can reduce local to solve problem. However, storing all blocks DFS not durable or scalable. Hence, classifying into hot and cold was adopted in previous works. The nodes time consumption locally. works are able periodically check block integrity do provide a reward mechanism encourage system store blocks. We extend based InterPlanetary (IPFS) design innovative scheme incentivize IPFS nodes. regulated with smart contracts behave under pricing strategy controls increase profit. By adopting proof of retrievability, we guarantee Further, redundant extends our improve durability proposed framework. A load-balancing general provided framework Extensive experiments presented demonstrate that latency throughputs model competitive, while still maintaining data system. additional increased throughput takes only 0.167% produced original Bitcoin upload 6.67% mining Mainnet. Furthermore, achieves effectiveness ensure redundancy reduces overall up 97% using strategy, compared non-load-balancing strategy.