Saved in:
| Main Authors: | , , , , , , , |
|---|---|
| Format: | Preprint |
| Published: |
2024
|
| Subjects: | |
| Online Access: | https://arxiv.org/abs/2410.16720 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1866913559204593664 |
|---|---|
| author | Tsang, Angela Sun, Jiankai Xie, Boo Khan, Azeem Lu, Ender Fan, Fletcher Wu, Maggie Tang, Jing |
| author_facet | Tsang, Angela Sun, Jiankai Xie, Boo Khan, Azeem Lu, Ender Fan, Fletcher Wu, Maggie Tang, Jing |
| contents | We present NodeOP, a novel framework designed to optimize the management of General Node Operators in decentralized networks. By integrating Agent-Based Modeling (ABM) with a Tendermint Byzantine Fault Tolerance (BFT)-based consensus mechanism, NodeOP addresses key challenges in task allocation, consensus formation, and system stability. Through rigorous mathematical modeling and formal optimization, NodeOP ensures stable equilibrium in node task distribution. We validate the framework via convergence analysis and performance metrics such as transaction throughput, system latency, and fault tolerance. We further demonstrate NodeOP's practical utility through two use cases: decentralized sequencer management in Layer 2 networks and off-chain payment validation. These examples underscore how NodeOP enhances validation efficiency and unlocks new revenue opportunities in large-scale decentralized environments. Our results position NodeOP as a scalable and flexible solution, significantly improving operational efficiency and economic sustainability in decentralized systems. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2410_16720 |
| institution | arXiv |
| publishDate | 2024 |
| record_format | arxiv |
| spellingShingle | NodeOP: Optimizing Node Management for Decentralized Networks Tsang, Angela Sun, Jiankai Xie, Boo Khan, Azeem Lu, Ender Fan, Fletcher Wu, Maggie Tang, Jing Databases Cryptography and Security We present NodeOP, a novel framework designed to optimize the management of General Node Operators in decentralized networks. By integrating Agent-Based Modeling (ABM) with a Tendermint Byzantine Fault Tolerance (BFT)-based consensus mechanism, NodeOP addresses key challenges in task allocation, consensus formation, and system stability. Through rigorous mathematical modeling and formal optimization, NodeOP ensures stable equilibrium in node task distribution. We validate the framework via convergence analysis and performance metrics such as transaction throughput, system latency, and fault tolerance. We further demonstrate NodeOP's practical utility through two use cases: decentralized sequencer management in Layer 2 networks and off-chain payment validation. These examples underscore how NodeOP enhances validation efficiency and unlocks new revenue opportunities in large-scale decentralized environments. Our results position NodeOP as a scalable and flexible solution, significantly improving operational efficiency and economic sustainability in decentralized systems. |
| title | NodeOP: Optimizing Node Management for Decentralized Networks |
| topic | Databases Cryptography and Security |
| url | https://arxiv.org/abs/2410.16720 |