Conference Papers
Permanent URI for this collectionhttps://idr.nitk.ac.in/handle/123456789/28506
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Item Performance comparison of executing fast transactions in bitcoin network using verifiable code execution(IEEE Computer Society help@computer.org, 2013) Singh, P.; Chandavarkar, B.R.; Arora, S.; Agrawal, N.In this paper, we study Bitcoin 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 Bitcoin transactions; considerably faster compared to the generic trust platform of Bitcoin networks based on slow proof-of-work. The scheme proposed can promote the use of Bitcoin transactions in real life scenarios, where fast transactions are desirable due time constraints between the payment and the service. © 2013 IEEE.Item Unconfirmed Transactions in Cryptocurrency: Reasons, Statistics, and Mitigation(Institute of Electrical and Electronics Engineers Inc., 2022) Kallurkar, H.S.; Chandavarkar, B.R.Blockchain has emerged to be a pioneer fundamental technology for distributed applications. Not only it is limited to financial sector, but it also has extended in the fields of health & medicare, managing logistics of goods through effective supply chain management etc. Although there are numerous applications of blockchain, cryptocurrencies remains at the top, in terms of popularity and cryptographic security it provides in maintenance of digital assets. Miner(s) in a cryptocurrency is/are an individual/group of individuals who benefit after per-forming Proof-of-Work for validating a transaction. The top two cryptocurrencies according to market cap value are Bitcoin and Ether. Millions of transactions happen on their blockchain on a daily basis, but not all of them result in success. Some are also marked as failed/unconfirmed, even if they are less compared to the confirmed transactions. Some of the reasons for this behavior could be too many transactions present in mempool of miners or insufficient fees is provided as the incentive to the miners of the network. Though the number of transactions that go unconfirmed per day is very small compared to the ones getting confirmed, still the area of failed cryptocurrency transactions remain unexplored. This paper focuses on statistics of failed cryptocurrency transactions, some primary reasons of failure in a cryptocurrency transaction. Furthermore, it also presents existing approaches to minimize the failure of transactions. © 2022 IEEE.