3,876 research outputs found
Social Welfare Maximization Auction in Edge Computing Resource Allocation for Mobile Blockchain
Blockchain, an emerging decentralized security system, has been applied in
many applications, such as bitcoin, smart grid, and Internet-of-Things.
However, running the mining process may cost too much energy consumption and
computing resource usage on handheld devices, which restricts the use of
blockchain in mobile environments. In this paper, we consider deploying edge
computing service to support the mobile blockchain. We propose an auction-based
edge computing resource market of the edge computing service provider. Since
there is competition among miners, the allocative externalities (positive and
negative) are taken into account in the model. In our auction mechanism, we
maximize the social welfare while guaranteeing the truthfulness, individual
rationality and computational efficiency. Based on blockchain mining experiment
results, we define a hash power function that characterizes the probability of
successfully mining a block. Through extensive simulations, we evaluate the
performance of our auction mechanism which shows that our edge computing
resources market model can efficiently solve the social welfare maximization
problem for the edge computing service provider
When Mobile Blockchain Meets Edge Computing
Blockchain, as the backbone technology of the current popular Bitcoin digital
currency, has become a promising decentralized data management framework.
Although blockchain has been widely adopted in many applications, e.g.,
finance, healthcare, and logistics, its application in mobile services is still
limited. This is due to the fact that blockchain users need to solve preset
proof-of-work puzzles to add new data, i.e., a block, to the blockchain.
Solving the proof-of-work, however, consumes substantial resources in terms of
CPU time and energy, which is not suitable for resource-limited mobile devices.
To facilitate blockchain applications in future mobile Internet of Things
systems, multiple access mobile edge computing appears to be an auspicious
solution to solve the proof-of-work puzzles for mobile users. We first
introduce a novel concept of edge computing for mobile blockchain. Then, we
introduce an economic approach for edge computing resource management.
Moreover, a prototype of mobile edge computing enabled blockchain systems is
presented with experimental results to justify the proposed concept.Comment: Accepted by IEEE Communications Magazin
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