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Presentation: How Blockchains Work and How To Scale Them

Track: Blockchain Enabled

Location: Broadway Ballroom South, 6th fl.

Duration: 2:55pm - 3:45pm

Day of week: Thursday

Slides: Download Slides

Level: Advanced

Persona: Architect, Developer

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* No prior knowledge of blockchains is required for this presentation.

"The Scalability Problem" is the fact blockchains technically can't process 300MB blocks every 10 seconds, or more generally put, that they can't process very large blocks at very short time intervals, to allow thousands (and more) transactions per second.

While this is fairly well known, the reason why blockchains can't scale, and what is the bottleneck preventing it, are getting very little attention.

In this presentation, I will go through:

  1. How blockchains work (fairly quickly)
  2. Why can't they scale (hint - its the Network)
  3. The bloXroute model to solve this bottleneck, using a Peer-audited centralized system

Speaker: Uri Klarman

CEO @bloXrouteLabs

I am the CEO and co-founder of bloXroute Labs, and a researcher at the Northwestern University Networks Group, where my research focuses on blockchains and cryptocurrency networks.

My research is now being used at bloXroute Labs to develop and deploy a global networking infrastructure which allows practically all blockchains to scale to thousands of on-chain transactions per second (TPS), without requiring any protocol change, implementation change, without requiring consensus to use bloXroute, and without altering their security model.

I'm also fairly nice.

Find Uri Klarman at