Search for: All records

In recent years, the ever0increasing impact of memory access bottlenecks has brought forth a renewed interest in near-memory processing (NMP) architectures. In this work, we propose and empirically evaluate hybrid data structures, which are concurrent data structures custom-designed for these new NMP architectures. We focus on cache-optimized data structures, such as skiplists and B+ trees, that are often used as index structures in online transaction processing (OLTP) systems to enable fast key-based lookups. These data structures are hierarchical, where lookups begin at a small number of top-level nodes and diverge to many different node paths as they move down the hierarchy, such that nodes in higher levels benefit more from caching. Our proposed hybrid data structures split traditional hierarchical data structures into a host-managed portion consisting of higher-level nodes and an NMP-managed portion consisting of the remaining lower-level nodes, thus retaining and further enhancing the cache-conscious optimizations of their conventional implementations. Although the idea might seem relatively simple, the splitting of the data structure prompts new synchronization problems, and careful implementation is required to ensure high concurrency and correctness. We provide implementations of a hybrid skiplist and a hybrid B+ tree, and we empirically evaluate them on a cycle-accurate full-system architecture simulator. Our results show that the hybrid data structures have the potential to improve performance by more than 2X compared to state-of-the-art concurrent data structures. 

Automated market makers (AMMs) are automata that trade electronic assets at rates set by mathematical formulas.AMMs are usually implemented by smart contracts on blockchains. In practice, AMMs are often composed: trades can be split across AMMs, and outputs from one AMM can be directed to another. This paper proposes a mathematical model for AMM composition. We define sequential and parallel composition operators for AMMs in a way that ensures that AMMs are closed under composition, in a way that works for “higher-dimensional” AMMs that manage more than two asset classes, and so the composition of AMMs in “stable” states remains stable. 

A sore loser attack in cross-blockchain commerce rises when one party decides to halt participation partway through, leaving other parties' assets locked up for a long duration. Although vulnerability to sore loser attacks cannot be entirely eliminated, it can be reduced to an arbitrarily low level. This paper proposes new distributed protocols for hedging a range of cross-chain transactions in a synchronous communication model, such as two-party swaps, n-party swaps, brokered transactions, and auctions. 

When network products and services become more valuable as their userbase grows (network effects), this tendency can become a major determinant of how they compete with each other in the market and how the market is structured. Network effects are traditionally linked to high market concentration, early-mover advantages, and entry barriers, and in the market they have also been used as a valuation tool. The recent resurgence of Bitcoin has been partly attributed to network effects, too. We study the existence of network effects in six cryptocurrencies from their inception to obtain a high-level overview of the application of network effects in the cryptocurrency market. We show that, contrary to the usual implications of network effects, they do not serve to concentrate the cryptocurrency market, nor do they accord any one cryptocurrency a definitive competitive advantage, nor are they consistent enough to be reliable valuation tools. Therefore, while network effects do occur in cryptocurrency networks, they are not (yet) a defining feature of the cryptocurrency market as a whole.