Estimating the capacity of the Ethereum platform based on the mathematical model of the smart contract
DOI:
https://doi.org/10.30837/rt.2017.4.191.04Abstract
A mathematical model for smart contracts for deployment of the initial coin offering (ICO), widely used on the Ethereum platform, is proposed. The analysis of dependence of the network capacity on such parameters as the transaction buffer size, the average transaction processing time, is performed. Evaluations are obtained of which parameters have the greatest impact on the capacity of Ethereum within the developed model.References
Why Bitcoin Matters [Электронный ресурс]/ Marc Andreessen. – Режим доступа: https://dealbook.nytimes.com/2014/01/21/why-bitcoin-matters – 15.11.2017 – Загл. с экрана.
Cryptocurrency Market Capitalizations [Электронный ресурс]/ Coinmarketcup team. – Режим доступа: https://coinmarketcap.com/ - 18.12.2017 – Загл. с экрана.
Ether Sale: A Statistical Overview [Электронный ресурс]/ Vitalik Buterin – Режим доступа: https://blog.ethereum.org/ether-sale-a-statistical-overview- 15.11.2017 – Загл. с экрана.
Ethereum whitepaper [Электронный ресурс] /Ethereum Foundation – Режим доступа: https://bitcoil.co.il/Doublespend.pdf – 15.11.2017 – Загл. с экрана.
Initial Coin Offering (ICO) [Электронный ресурс]/ Investopedia team – Режим доступа: https://www.investopedia.com/terms/i/initial-coin-offering-ico.asp – 15.11.2017 – Загл. с экрана.
Digix’s Whitepaper: The Gold Standard in CryptoAssets [Электронный ресурс]/ Anthony C. Eufemio, Kai C. Chng, Shaun Djie – Режим доступа: https://digix.global/whitepaper.pdf – 15.11.2017 – Загл. с экрана.
What is ERC-20 and What Does it Mean for Ethereum [Электронный ресурс]/ Nathan Reiff – Режим доступа: https://www.investopedia.com/news/what-erc20-and-what-does-it-mean-ethereum – 15.11.2017 – Загл. с экрана.
What are Polybius tokens and why should they be in every crypto-investor’s portfolio [Электронный ресурс]/ Polybius team – Режим доступа: https://blog.polybius.io/what-are-polybius-tokens-and-why-should-they-be-in-every-crypto-investors-portfolio-73a813c77429 – 15.11.2017 – Загл. с экрана.
How the status ico almost crashed the ethereum network [Электронный ресурс]/ Ashour Iesho – Режим доступа: http://bitcoinist.com/how-the-status-ico-almost-crashed-the-ethereum-network – 15.11.2017 – Загл. с экрана.
Вентцель Е.С. Теория Вероятностей. - М., 1969. 576 с.
Ethereum network statistic [Электронный ресурс] – Режим доступа: https://ethstats.net – 15.11.2017 – Загл. с экрана.
Plasma: Scalable Autonomous Smart Contracts [Электронный ресурс]/ Joseph Poon, Vitalik Buterin – Режим доступа: https://plasma.io/plasma.pdf – 15.11.2017 – Загл. с экрана.
The Bitcoin Lightning Network: Scalable Off-Chain Instant Payments [Электронный ресурс]/ Joseph Poon, Thaddeus Dryja – Режим доступа: https://lightning.network/lightning-network-paper.pdf – 15.11.2017 – Загл. с экрана.
Downloads
Published
How to Cite
Issue
Section
License
Authors who publish with this journal agree to the following terms:
1. Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
