Towards an Economic Analysis of Routing in Payment Channel Networks

Payment channel networks are supposed to overcome technical scalability limitations of blockchain infrastructure by employing a special overlay network with fast payment confirmation and only sporadic settlement of netted transactions on the blockchain. However, they introduce economic routing constraints that limit decentralized scalability and are currently not well understood. In this paper, we model the economic incentives for participants in payment channel networks. We provide the first formal model of payment channel economics and analyze how the cheapest path can be found. Additionally, our simulation assesses the long-term evolution of a payment channel network. We find that even for small routing fees, sometimes it is cheaper to settle the transaction directly on the blockchain.Comment: 6 pages, 3 figures, SERIAL '17 Worksho

Atomic commitment in transactional DHTs

We investigate the problem of atomic commit in transactional database systems built on top of Distributed Hash Tables. DHTs provide a decentralized way to store and look up data. To solve the atomic commit problem we propose to use an adaption of Paxos commit as a non-blocking algorithm. We exploit the symmetric replication technique existing in the DKS DHT to determine which nodes are necessary to execute the commit algorithm. By doing so we achieve a lower number of communication rounds and a reduction of meta-data in contrast to traditional Three-Phase-Commit protocols. We also show how the proposed solution can cope with dynamism due to churn in DHTs. Our solution works correctly relying only on an inaccurate failure detection of node failure which is necessary for systems running over the Internet

Optimal Control of Applications for Hybrid Cloud Services

Development of cloud computing enables to move Big Data in the hybrid cloud services. This requires research of all processing systems and data structures for provide QoS. Due to the fact that there are many bottlenecks requires monitoring and control system when performing a query. The models and optimization criteria for the design of systems in a hybrid cloud infrastructures are created. In this article suggested approaches and the results of this build.Comment: 4 pages, Proc. conf. (not published). arXiv admin note: text overlap with arXiv:1402.146

ElasTraS: An Elastic Transactional Data Store in the Cloud

Over the last couple of years, "Cloud Computing" or "Elastic Computing" has emerged as a compelling and successful paradigm for internet scale computing. One of the major contributing factors to this success is the elasticity of resources. In spite of the elasticity provided by the infrastructure and the scalable design of the applications, the elephant (or the underlying database), which drives most of these web-based applications, is not very elastic and scalable, and hence limits scalability. In this paper, we propose ElasTraS which addresses this issue of scalability and elasticity of the data store in a cloud computing environment to leverage from the elastic nature of the underlying infrastructure, while providing scalable transactional data access. This paper aims at providing the design of a system in progress, highlighting the major design choices, analyzing the different guarantees provided by the system, and identifying several important challenges for the research community striving for computing in the cloud.Comment: 5 Pages, In Proc. of USENIX HotCloud 200