Mechanisms Design for Blockchain Storage Sustainability

Research output: Journal Publications and Reviews (RGC: 21, 22, 62)21_Publication in refereed journalpeer-review

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Original languageEnglish
Journal / PublicationIEEE Communications Magazine
Publication statusOnline published - 5 Jun 2023

Abstract

In a blockchain system, ensuring storage sustainability is crucial for the long-term feasibility of the system's operation. This paper presents a comprehensive review of the state-of-the-art mechanisms designed to address the storage sustainability problem. We first introduce technological mechanisms aimed at reducing miners' storage costs. Next, we discuss incentive mechanisms that encourage users to pay adequate transaction fees to cover storage costs. Finally, we discuss future challenges and open problems in this field.

Citation Format(s)

Mechanisms Design for Blockchain Storage Sustainability. / Liu, Yunshu; Fang, Zhixuan; Cheung, Man Hon et al.
In: IEEE Communications Magazine, 05.06.2023.

Research output: Journal Publications and Reviews (RGC: 21, 22, 62)21_Publication in refereed journalpeer-review