Enabling Blockchain Interoperability Through Network Discovery Services

TL;DR

This paper introduces a decentralized network discovery architecture for blockchains, enabling initial network awareness and asset discovery without centralized control, demonstrated through a scalable implementation using Substrate.

Contribution

It presents a novel decentralized discovery mechanism for blockchain networks, addressing the initial network awareness gap and incorporating incentive structures for participation.

Findings

Handles up to 130,000 concurrent requests

Median response time of 5.5 milliseconds

Demonstrates scalability and resilience

Abstract

Web3 technologies have experienced unprecedented growth in the last decade, achieving widespread adoption. As various blockchain networks continue to evolve, we are on the cusp of a paradigm shift in which they could provide services traditionally offered by the Internet, but in a decentralized manner, marking the emergence of the Internet of Blockchains. While significant progress has been achieved in enabling interoperability between blockchain networks, existing solutions often assume that networks are already mutually aware. This reveals a critical gap: the initial discovery of blockchain networks remains largely unaddressed. This paper proposes a decentralized architecture for blockchain network discovery that operates independently of any centralized authority. We also introduce a mechanism for discovering assets and services within a blockchain from external networks. Given the decentralized nature of the proposed discovery architecture, we design an incentive mechanism to encourage nodes to actively participate in maintaining the discovery network. The proposed architecture implemented and evaluated, using the Substrate framework, demonstrates its resilience and scalability, effectively handling up to 130,000 concurrent requests under the tested network configurations, with a median response time of 5.5 milliseconds, demonstrating the ability to scale its processing capacity further by increasing its network size.