Towards Practical Applications in Modeling Blockchain System

• Main Authors: Andrei Vladyko, Anastasia Spirkina, Vasiliy Elagin
• Format: Article
• Language: English
• Published: MDPI AG 2021-05-01
• Series: Future Internet
• Subjects: blockchain; distributed ledger; decentralized systems; simulation; analytical modeling
• Online Access: https://www.mdpi.com/1999-5903/13/5/125

Like multiservice networks, blockchain technology is currently experiencing significant development because of its decentralization and ability to organize secure, seamless, reliable data exchange and storage. Due to the significant demand for the technology, there is a need to analyze the impact of these technology processes on network characteristics to predict traffic behavior and ensure required quality indicators, as well as on the stability of public communication network elements when blockchain technology operates. Conducting a full-scale experiment is a time-consuming task that cannot always be accomplished, so in this paper, the authors propose considering approaches to modeling these systems and, as an example, propose to use a simulation system to assess the performance of the network and its elements.