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consolidated => consolidating
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jamesray1 authored Feb 16, 2018
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Expand Up @@ -1236,7 +1236,7 @@ \subsection{Scalability}

Scalability remains an eternal concern. With a generalised state transition function, it becomes difficult to partition and parallelise transactions to apply the divide-and-conquer strategy. Unaddressed, the dynamic value-range of the system remains essentially fixed and as the average transaction value increases, the less valuable of them become ignored, being economically pointless to include in the main ledger. However, several strategies exist that may potentially be exploited to provide a considerably more scalable protocol.

Some form of hierarchical structure, achieved by either consolidating smaller lighter-weight chains into the main block or building the main block through the incremental combination and adhesion (through proof-of-work) of smaller transaction sets may allow parallelisation of transaction combination and block-building. Parallelism could also come from a prioritised set of parallel blockchains, consolidated each block and with duplicate or invalid transactions thrown out accordingly.
Some form of hierarchical structure, achieved by either consolidating smaller lighter-weight chains into the main block or building the main block through the incremental combination and adhesion (through proof-of-work) of smaller transaction sets may allow parallelisation of transaction combination and block-building. Parallelism could also come from a prioritised set of parallel blockchains, consolidating each block and with duplicate or invalid transactions thrown out accordingly.

Finally, verifiable computation, if made generally available and efficient enough, may provide a route to allow the proof-of-work to be the verification of final state.

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