Prism Removes Consensus Bottleneck for Smart Contracts

April 19, 2020 · Entered Twilight · 🏛 Crypto Valley Conference on Blockchain Technology

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Repo contents: .gitignore, Cargo.toml, LICENSE, LICENSE_GPL, LICENSE_MIT, README.md, contracts, examples, parity-ethereum, src, testbed

Authors Gerui Wang, Shuo Wang, Vivek Bagaria, David Tse, Pramod Viswanath arXiv ID 2004.08776 Category cs.DC: Distributed Computing Citations 19 Venue Crypto Valley Conference on Blockchain Technology Repository https://github.com/wgr523/prism-smart-contracts ⭐ 9 Last Checked 1 month ago

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.