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Peer-to-Peer Networking and Applications

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24-11-2023

A study on gas cost of ethereum smart contracts and performance of blockchain on simulation tool

Authors: Minh Thanh Ta, Tien Quyet Do

Published in: Peer-to-Peer Networking and Applications | Issue 1/2024

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Abstract

Blockchain technology has become a popular platform for conducting secure and decentralised transactions. Performance analysis of Ethereum smart contracts is critical to understanding their limitations and potential for various applications. This study aimed to evaluate the gas cost of different search algorithms and the impact of block size on the throughput of the Ethereum network. Additionally, Bitcoin, Litecoin, and Dogecoin simulations were conducted to analyse the impact of various configurations in the block interval and block propagation on the number of transaction outputs. The results showed that the gas cost of search algorithms varied significantly, with the quick search having a lower cost. Furthermore, increasing the block size had a positive impact on the throughput of the Ethereum network, allowing more transactions to be processed per second. The simulation results revealed that the block interval and block propagation significantly affected the number of transaction outputs, highlighting the importance of optimising these configurations for blockchain-based systems.

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Title: A study on gas cost of ethereum smart contracts and performance of blockchain on simulation tool
Authors: Minh Thanh Ta
Tien Quyet Do
Publication date: 24-11-2023
Publisher: Springer US
Published in: Peer-to-Peer Networking and Applications / Issue 1/2024
Print ISSN: 1936-6442
Electronic ISSN: 1936-6450
DOI: https://doi.org/10.1007/s12083-023-01598-3

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