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arXiv · 2108.05236

A Limitlessly Scalable Transaction System

Max Mathys·Roland Schmid·Jakub Sliwinski·Roger Wattenhofer
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Abstract

We present Accept, a simple, asynchronous transaction system that achieves perfect horizontal scaling. Usual blockchain-based transaction systems come with a fundamental throughput limitation as they require that all (potentially unrelated) transactions must be totally ordered. Such solutions thus require serious compromises or are outright unsuitable for large-scale applications, such as global retail payments. Accept provides efficient horizontal scaling without any limitation. To that end, Accept satisfies a relaxed form of consensus and does not establish an ordering of unrelated transactions. Furthermore, Accept achieves instant finality and does not depend on a source of randomness.

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Max Mathys, Roland Schmid, Jakub Sliwinski, Roger Wattenhofer. 2021-08-11. A Limitlessly Scalable Transaction System. https://arxiv.org/abs/2108.05236

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