Improving Blockchain Scalability with the Setchain Data-type

TL;DR

This paper introduces Setchain, a novel data type that enhances blockchain scalability by relaxing total order constraints, enabling faster operations and broader application potential.

Contribution

The paper proposes Setchain, a new distributed concurrent data type with epoch-based synchronization, improving scalability and efficiency over traditional consensus-based blockchains.

Findings

Setchain significantly outperforms consensus-based ledgers in speed.

Setchain's epoch synchronization allows for non-ordered operations within the same epoch.

Empirical evaluation confirms the effectiveness of Setchain implementations.

Abstract

Blockchain technologies are facing a scalability challenge, which must be overcome to guarantee a wider adoption of the technology. This scalability issue is due to the use of consensus algorithms to guarantee the total order of the chain of blocks and of the transactions within each block. However, total order is often not fully necessary, since important advanced applications of smart-contracts do not require a total order among all operations. A much higher scalability can potentially be achieved if a more relaxed order can be exploited. In this paper, we propose a novel distributed concurrent data type, called Setchain, which improves scalability significantly. A Setchain implements a grow-only set whose elements are not ordered, unlike conventional blockchain operations. When convenient, the Setchain allows forcing a synchronization barrier that assigns permanently an epoch number to a subset of the latest elements added, agreed by consensus. Therefore, two operations in the same epoch are not ordered, while two operations in different epochs are ordered by their respective epoch number. We present different Byzantine-tolerant implementations of Setchain, prove their correctness and report on an empirical evaluation of a prototype implementation. Our results show that Setchain is orders of magnitude faster than consensus-based ledgers, since it implements grow-only sets with epoch synchronization instead of total order. Since Setchain barriers can be synchronized with the underlying blockchain, Setchain objects can be used as a sidechain to implement many decentralized solutions with much faster operations than direct implementations on top of blockchains. Finally, we also present an algorithm that encompasses in a single process the combined behavior of Byzantine servers, which simplifies correctness proofs by encoding the general attacker in a concrete implementation.