Jianhua Shao

Yibin Xu, Jianhua Shao, Yangyu Huang et al.

Blockchain Sharding is a blockchain performance enhancement approach. By splitting a blockchain into several parallel-run committees (shards), it helps increase transaction throughput, reduce computational resources required, and increase reward expectation for participants. Recently, several flexible sharding methods that can tolerate up to $n/2$ Byzantine nodes ($n/2$ security level) have been proposed. However, these methods suffer from three main drawbacks. First, in a non-sharding blockchain, nodes can have different weight (power or stake) to create a consensus, and as such an adversary needs to control half of the overall weight in order to manipulate the system ($p/2$ security level). In blockchain sharding, all nodes carry the same weight. Thus, it is only under the assumption that honest participants create as many nodes as they should that a $n/2$ security level blockchain sharding reaches the $p/2$ security level. Second, when some nodes leave the system, other nodes need to be reassigned, frequently, from shard to shard in order to maintain the security level. This has an adverse effect on system performance. Third, while some $n/2$ approaches can maintain data integrity with up to $n/2$ Byzantine nodes, their systems can halt with a smaller number of Byzantine nodes. In this paper, we present a $p/2$ security level blockchain sharding approach that does not require honest participants to create multiple nodes, requires less node reassignment when some nodes leave the system, and can prevent the system from halting. Our experiments show that our new approach outperforms existing blockchain sharding approaches in terms of security, transaction throughput and flexibility.

Yibin Xu, Yangyu Huang, Jianhua Shao et al.

Blockchain sharding is a promising approach to solving the dilemma between decentralisation and high performance (transaction throughput) for blockchain. The main challenge of Blockchain sharding systems is how to reach a decision on a statement among a sub-group (shard) of people while ensuring the whole population recognises this statement. Namely, the challenge is to prevent an adversary who does not have the majority of nodes globally but have the majority of nodes inside a shard. Most Blockchain sharding approaches can only reach a correct consensus inside a shard with at most $n/3$ evil nodes in a $n$ node system. There is a blockchain sharding approach which can prevent an incorrect decision to be reached when the adversary does not have $n/2$ nodes globally. However, the system can be stopped from reaching consensus (become deadlocked) if the adversary controls a smaller number of nodes. In this paper, we present an improved Blockchain sharding approach that can withstand $n/2$ adversarial nodes and recover from deadlocks. The recovery is made by dynamically adjusting the number of shards and the shard size. A performance analysis suggests our approach has a high performance (transaction throughput) while requiring little bandwidth for synchronisation.

Yibin Xu, Yangyu Huang, Jianhua Shao

A decade long thrive of cryptocurrency has shown its potential as a source of alternative-finance and the security and the robustness of the underpinning blockchain technology. However, most cryptocurrencies fail to show inimitability and their meanings in the real world. As a result, they usually start off as favourites but quickly become the outcasts of the digital asset market. The blockchain society attempts to anchor the value of cryptocurrency with real values by employing smart contracts and link it with computation resources and the digital-productivity that have value and demands in the real world. But their attempts have some undesirable effects due to a limited number of practical applications. This limitation is caused by the dilemma between high performance and decentralisation (universal joinability). The emerging of blockchain sharding models, however, has offered a possible solution to address this dilemma. In this paper, we explore a financial model for blockchain sharding that will build an active link between the value of cryptocurrency and computation resources as well as the market and labour behaviours. Our model can adjust the price of resources and the compensation for maintaining a system based on those behaviours. We anchor the value of cryptocurrency by the amount of computation resources participated in and give the cryptocurrency a meaning as the exchange between computation resources globally. Finally, we present a working example which, through financial regularities, regulates the behaviour of anonymous participants, also incents/discourages participation dynamically.