Transaction concurrency refers to the ability of a blockchain or distributed ledger system to process multiple transactions simultaneously. High concurrency allows for increased transaction throughput and improved network scalability. It often involves sophisticated ordering mechanisms and state management to prevent conflicts and ensure data consistency. This capability is essential for systems handling a large volume of operations.
Context
Achieving high transaction concurrency is a primary technical challenge for many blockchain protocols aiming for mainstream adoption and enterprise use cases. Sharding, layer-2 solutions, and advanced consensus algorithms are being developed to enable parallel processing of transactions. The ongoing research focuses on optimizing these approaches to significantly boost network capacity without compromising security or decentralization.
Orthrus introduces concurrent partial transaction ordering and a novel escrow mechanism to reduce consensus latency and maximize throughput in BFT systems.
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