An Efficient Framework for Concurrent Execution of Smart Contracts
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Distributed public blockchain platform such as ethereum entitle complex transactions in blocks through user defined scripts known as Smart Contract. To append a correct block into blockchain, miners execute these Smart Contract sequentially followed by validators serially re-execute it to verify. If validators validate the block as correct then block added to the blockchain successfully and miner gets incentive. In the modern era of multicore processors, serial execution of Smart Contract fails to utilize the cores properly. So, by entitling the concurrency to Smart Contract, we can achieve the better efficiency and throughput. We use an efficient framework as optimistic software transaction memory systems (STMs) to execute the Smart Contract concurrently. This paper introduces a novel way to improve the efficiency of blockchain via concurrent miners using optimistic transactional memory systems and concurrent validators. Miners execute Smart Contract concurrently using optimistic STMs and maintains the final state of each shared data-objects and produce the conflict graph in the form adjacency list. Finally, miner propose a block which consist of set of transactions, conflict graph, hash of previous block and final state of each shared data-objects. After that concurrent validators re-execute the same Smart Contract deterministically with the help of conflict graph given by miner and verify final state. If the validation is successful then proposed block appended into the blockchain and miner awards strong incentive otherwise discard the proposed block. STMs ensures correctness as opacity for concurrent miner and validator so programmer need not have to worry about consistency issues.
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