Energy trading marketplace using Ethereum private network
Abstract
In this paper, we evaluate and analyze the performance of a local electricity market for energy trading that we implemented on the Ethereum platform. The energy trading is based on a double auction with multiple sellers and multiple buyers, and the matched price and volume are determined by a trade reduction mechanism. We benchmark the performance of Ethereum using a systematic blockchain performance evaluation method, and based on this, we propose and analyze an efficient market operation method. In particular, we relate the limits on the scalability and real-time performance of the market to the throughput and latency of the Ethereum platform. We also identify the minimum resources necessary to operate an Ethereum client.
Domains
Environmental Sciences Computer Science [cs] Emerging Technologies [cs.ET] Computer Science [cs] Performance [cs.PF] Computer Science [cs] Networking and Internet Architecture [cs.NI] Computer Science [cs] Modeling and Simulation Computer Science [cs] Social and Information Networks [cs.SI] Computer Science [cs] Systems and Control [cs.SY] Computer Science [cs] Automatic Control Engineering Computer Science [cs] Computational Complexity [cs.CC] Computer Science [cs] Distributed, Parallel, and Cluster Computing [cs.DC]
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