TY  - BOOK
AU  - Abhishek, S M 
AU  - Kalra, Sumit 
TI  - Synergizing Block Lattice based Distributed Ledger Technology, Sub-Sample Voting, and Exploration-Exploitation strategy for Enhanced Parameter Updation
U1  - 004.6 
PY  - 2023///
CY  - IIT Jodhpur
PB  - Department of Computer Science and Technology
KW  - Department of Computer Science and Technology
KW  - Distributed Ledger Technology
KW  - DLT
KW  - MTech Theses
N1  - In this project, we present a novel paradigm for Distributed Ledger Technology (DLT) that unites the Block Lattice architecture, Sub-Sample Voting, and Exploration-Exploitation for consensus. DLT is a decentralized and immutable digital ledger that records transactions across a network of computers. It provides transparency, security, and efficiency, eliminating the need for intermediaries in various applications, including cryptocurrencies and supply chain management.

The Block Lattice architecture, used in some DLTs, organizes transactions separately for each account, maintaining individual chains for both 'Send' and 'Receive' transactions. This structure ensures asynchronous confirmation and faster transaction processing, mitigating bottlenecks seen in traditional blockchain architectures.

Sub-Sample Voting is introduced as a consensus mechanism, wherein validators query a random subset of other validators to reach an agreement on valid blocks. This decentralized approach allows the network to converge towards a single, agreed-upon version of the account-chain, effectively resolving conflicts. To optimize the Sub-Sample Voting mechanism, we introduce the Exploration-Exploitation strategy, dynamically updating the parameters (alpha, beta, m) of the voting process. This adaptive approach balances exploration of new transaction preferences and exploitation of known preferences, ensuring efficient consensus while reducing computational overhead.

Additionally, we address potential vulnerabilities by simulating Byzantine Fault Tolerance, handling up to one-third Byzantine attacks. Byzantine Validator Nodes are introduced in the simulation to effectively manage conflicting transactions and maintain the integrity of the consensus process.

Our experimental results demonstrate that the integration of Block Lattice, Sub-Sample Voting, and Exploration-Exploitation significantly improves consensus efficiency and enhances the robustness of Distributed Ledger Technology. This novel paradigm presents a promising advancement in the field of DLT and opens up new possibilities for scalable and secure decentralized systems
ER  -