A novel blockchain tumbling scalability framework in a bitcoin network

Abstract

SummaryBitcoin is a decentralized digital currency system that uses a distributed data structure called blockchain, a log that lists all transaction details accomplished with the currency. The bitcoin network delivers a promising infrastructure for one who makes use of e‐currency in e‐commerce. However, the transaction of bitcoin is highly suffered with some scalability issues that could not be overwhelmed with the prior methodologies. Hence, a novel scalability blockchain tumbling framework is proposed to tackle the scalability issues in which a rake interior blockchain etiquette is designed to increase the number of bitcoin transactions in which peer faction algorithm groups blocks that reduces propagation delay and ravenous algorithm ensure higher credibility of transaction with tamper resistant. However, transaction size of the record is high hence, to manage transaction record a novel batch payment into one transaction approach is utilized to limit the size of the transaction records by initiating a precise block using block summing‐up and chagrin algorithms that collects all trust information about blocks. Thus the proposed framework attains 550 bitcoin transaction within 2 min and latency of proposed model is reduced below 60 s.