Performance Analysis of queueing assisted Blockchain system

Researchers, engineers, and institutions have given blockchains a lot of attention in recent years. The implementation of blockchains has begun to revive many applications ranging from e-finance and e-healthcare to smart homes and the Internet of Things, social security, and logistics, among other things. In this article, a queuing-assisted blockchain system is offered as a means of better understanding the functioning and theoretical elements of blockchain technology. It is possible to utilize the suggested system to represent a diverse range of queueing-assisted blockchain-based systems in a variety of applications. This paper replicated the transaction confirmation process of a blockchain system with a miner to better understand how the blockchain system works. Factors such as unfavorable transactions in the mining process are also considered. Here we consider the M/M/1 queueing assisted blockchain system. The analytical model validation was carried out using the software packages MATHEMATICA 9 and MAPLE 18 in order to investigate the findings obtained through queueing model.