Blockchain Based Transaction System with NFT

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Blockchain Based Transaction System with NFT ( blockchain-based-transaction-system-with-nft )

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Sensors 2021, 21, 3822 20 of 32 Table 3. Summary of key operations involved in each operation for experimental evaluations. Token Type Operation NFT Create NFT Bid NFT Transfer NFT Redeem NFT Read Write Set Policy Read 1 1 0 1 0 1 2 1 1 1 0 1 0 0 1 0 0 1 1 1 1 0 1 1 0 1 2 1 2 2 0 2 1 0 1 0 0 1 NFT FT FT FT FT FT FT FT BulkRead Create ReCreate Bid Transfer ReTransfer Redeem Read 10,000 4.2. Results and Discussion An endorsing peer simulates each transaction before endorsing and creates a read- write set. Deletes are processed by setting a delete marker in the write set. Similarly, key level endorsements, creation and updating of key value pairs are also processed as writes to the state in the read-write set. Thus for performance analysis, we consider them all as writes to the state. For our experiments, we define transaction complexity of an operation as the number of writes to the state executed in that operation. Based on Table 3, we can group the operations based on transaction complexity. Figure 6 shows the performance of operations involving one write key operation. Here, we observe that all five operations NFT Bid, NFT Redeem, FT ReCreate, FT Bid and FT Redeem have comparable peak throughput of 491 TPS on average. Similarly, Figures 7 and 8 present the performance of operations involving two and three write key operations respectively. It is seen in Figure 7 that all three operations NFT Create, FT Create and FT ReTransfer have comparable peak throughput of 475.6 TPS on average. Also, Figure 8 shows that operations NFT Transfer and FT transfer also have comparable peak throughput of 449.55 TPS on average. Performance of read operations for FT and NFT shown in Figure 9 also show a comparable peak throughput of 845.95 TPS on average for both NFT and FT implementations. (a) NFT Bid- Peak throughput = 491.3 TPS Figure 6. Cont.

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