Computer security

Theoretical computer science

Data structure

Blockchain

Data mining

Computer science

Distributed computing

Database

Graph

Programming language

Database transaction

Python (programming language)

Blockchain technology is ushering in another breakout year, the challenge of blockchain still remains to be solved. This paper analyzes the features of Bitcoin and Bitcoin-NG system based on blockchian, proposes an improved method of implementing blockchain systems by replacing the structure of the original chain with the graph data structure. It was named GraphChain. Each block represents a transaction and contains the balance status of the traders. Additionally, as everyone knows all the transactions in Bitcoin system will be baled by only one miner that will result in a lot of wasted effort, so another way to improve resource utilization is to change the original way to compete for miner to election and parallel mining. Researchers simulated blockchain with graph structure and parallel mining through python, and suggested the conceptual new graph model which can improve both capacity and performance.

Improve Blockchain Performance using Graph Data Structure and Parallel Mining