Prism Removes Consensus Bottleneck for Smart Contracts [full text]

Gerui Wang (UIUC), Shuo Wang (Stanford University), Vivek Bagaria (Stanford University), David Tse (Stanford University), Pramod Viswanath (UIUC)

Abstract: The performance of existing permissionless smart contract platforms such as Ethereum is limited by the consensus layer. Prism is a new proof-of-work consensus protocol that provably achieves throughput and latency up to physical limits while retaining the strong guarantees of the longest chain protocol. This paper reports experimental results from implementations of two smart contract virtual machines, EVM and MoveVM, on top of Prism and demonstrates that the consensus bottleneck has been removed.

This project requires Rust nightly. To build the binary, run cargo build --release.

The first build could take several mintues, mostly due to building dependencies from Ethereum.

The scripts used in the evaluation section of the paper are located in /testbed. /testbed/README.md provides instructions for running the experiments and reproducing the results.

Simply run cargo run --release --example vm_executor_only.

This repository is forked from Prism: Scaling Bitcoin by 10,000x and Parity Ethereum.

See LICENSE.