Prism Removes Consensus Bottleneck for Smart Contracts

Gerui Wang, Shuo Wang, Vivek Bagaria, David Tse, Pramod Viswanath

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

The performance of existing permissionless smart contract platforms such as Ethereum is limited by the consensus layer. Prism is a new proof-of-work consensus protocol that provably achieves throughput and latency up to physical limits while retaining the strong guarantees of the longest chain protocol. This paper reports experimental results from implementations of two smart contract virtual machines, EVM and MoveVM, on top of Prism and demonstrates that the consensus bottleneck has been removed. Code can be found at https://github.com/wgr523/prism-smart-contracts.

Original languageEnglish (US)
Title of host publicationProceedings - 2020 Crypto Valley Conference on Blockchain Technology, CVCBT 2020
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages68-77
Number of pages10
ISBN (Electronic)9781728193908
DOIs
StatePublished - Jun 2020
Event2020 Crypto Valley Conference on Blockchain Technology, CVCBT 2020 - Virtual, Online, Switzerland
Duration: Jun 15 2020 → …

Publication series

NameProceedings - 2020 Crypto Valley Conference on Blockchain Technology, CVCBT 2020

Conference

Conference2020 Crypto Valley Conference on Blockchain Technology, CVCBT 2020
Country/TerritorySwitzerland
CityVirtual, Online
Period6/15/20 → …

Keywords

  • consensus
  • scalability
  • smart contract

ASJC Scopus subject areas

  • Computer Networks and Communications
  • Information Systems and Management
  • Safety, Risk, Reliability and Quality

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