Dispatcher: Resource-aware Nakamoto Blockchain via Hierarchical Topology and Adaptive Incentives

Abstract

Mainstream blockchain systems such as Bitcoin and Ethereum are revolutionizing the financial industry by adopting the Nakamoto consensus protocol, i.e., Proof-of-Work (PoW). Only nodes with sufficient computing resources can work out the PoW difficulties, thereby increasing the mining cost of malicious attackers and ensuring the security of blockchain systems. Such an assumption of having abundant resources leads to drawbacks of low throughput and risk of centralization. In this paper, we present Dispatcher, a novel distributed consensus protocol that takes resource heterogeneity into account to ensure resource-aware PoW with high efficiency. Dispatcher introduces a hierarchical topology to offer flexible PoW difficulties tailored for different nodes’ resources. In particular, it utilizes the limited resource of each node to jointly maximize the performance by concurrent mining. Moreover, we design an adaptive incentive mechanism to fit the available resource of blockchain nodes to rewards. Our experiments show that Dispatcher enjoys a substantial performance margin over the state-of-the-art. We can achieve a 50% throughput improvement compared with OHIE.