Proof-of-Execution: Reaching Consensus through Fault-Tolerant Speculation

Multi-party data management and blockchain systems require data sharing among participants. To provide resilient and consistent data sharing, transactions engines rely on Byzantine FaultTolerant consensus (BFT), which enables operations during failures and malicious behavior. Unfortunately, existing BFT protocols are unsuitable for high-throughput applications due to their high computational costs, high communication costs, high client latencies, and/or reliance on twin-paths and non-faulty clients. In this paper, we present the Proof-of-Execution consensus protocol (PoE) that alleviates these challenges. At the core of PoE are out-of-order processing and speculative execution, which allow PoE to execute transactions before consensus is reached among the replicas. With these techniques, PoE manages to reduce the costs of BFT in normal cases, while guaranteeing reliable consensus for clients in all cases. We envision the use of PoE in high-throughput multi-party data-management and blockchain systems. To validate this vision, we implement PoE in our efficient ResilientDB fabric and extensively evaluate PoE against several state-of-the-art BFT protocols. Our evaluation showcases that PoE achieves up-to-80% higher throughputs than existing BFT protocols in the presence of failures.