SBFT: a Scalable Decentralized Trust Infrastructure for Blockchains
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We present SBFT: a scalable decentralized trust infrastructure for Blockchains. SBFT implements a new Byzantine fault tolerant algorithm that addresses the challenges of scalability and decentralization. Unlike many previous BFT systems that performed well only when centralized around less than 20 replicas, SBFT is optimized for decentralization and can easily handle more than 100 active replicas. SBFT provides a smart contract execution environment based on Ethereum's EVM byte-code. We tested SBFT by running 1 million EVM smart contract transactions taken from a 4-month real-world Ethereum workload. In a geo-replicated deployment that has about 100 replicas and can withstand f=32 Byzantine faults our system shows speedups both in throughput and in latency. SBFT completed this execution at a rate of 50 transactions per second. This is a 10× speedup compared to Ethereum current limit of 5 transactions per second. SBFT latency to commit a smart contract execution and make it final is sub-second, this is more than 10× speedup compared to Ethereum current >15 second block generation for registering a smart contract execution and several orders of magnitude speedup relative to Proof-of-Work best-practice finality latency of one-hour.
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