Algorithm for Reducing Storage in Blockchain based on Secret Sharing
Journal
2020 International Conference on Electrical, Communication, and Computer Engineering (ICECCE)
Date Issued
2020-06
Author(s)
Mechkaroska, Daniela
DOI
10.1109/icecce49384.2020.9179271
Abstract
Blockchain is a growing list of linked blocks. Since each participant stores the whole list of transactions, the storage space rapidly increases. Therefore, there is a need of changing the storage concept in blockchain. There are several solutions for this problem based on network coding and secret sharing. In this paper, we propose a novel use of Shamir's secret sharing scheme for reducing the storage cost in blockchain system.