Abstract
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.
Highlights
Communication networks are the basis for systems aimed at supporting the digitalization of the world community
If blockchain technology traffic is of efficient transaction processing and overall system performance, the network parameters co-served with delay- and loss-critical traffic, it can significantly impact the quality of of the nodes should be of key importance
The volume of traffic generated by blockchain devices is less than that of services, such as video and data
Summary
Communication networks are the basis for systems aimed at supporting the digitalization of the world community. The criteria of security, confidentiality, reliability, latency and data transmission for such systems are expected to be key and should be given special attention by the research community. Researchers, developers suggest that blockchain technology, though new and controversial, could transform some of today’s services. A report by the US analysis company Transparency Market Research [4] indicates that the global blockchain market will be worth USD 20 billion by 2024, and the industry will grow at an annual rate of about 59%. Despite the significant difference in the final figures, many researchers believe that the market will grow and evolve rapidly, highlighting the integration needs of existing systems. Future Internet 2021, 13, 125 grow and evolve rapidly, highlighting the integration needs of existing systems.
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