A consensus-based solution for cryptocurrencies arbitrage bots in intelligent blockchain

Intelligent blockchain is an emerging field that integrates Artificial Intelligence (AI) techniques with blockchain networks, with a particular emphasis on improving the performance of blockchain, especially in cryptocurrencies exchanges. Meanwhile, arbitrage bots are widely deployed and increasing in intelligent blockchain. These bots exploit the characteristics of cryptocurrencies exchanges to engage in frontrunning, generating substantial profits at the expense of ordinary users. In this paper, we address this issue by proposing a more efficient asynchronous Byzantine ordered consensus protocol, which can be used to prevent arbitrage bots from changing the order of the transactions for profits in intelligent blockchain-based cryptocurrencies. Specifically, we present two signal asynchronous common subset protocols, the more optimal one with only constant time complexity. We implement both our protocol and the optimal existing solution Chronos with Go language in the same environment. The experiment results indicate that our protocols achieve a threefold improvement over Chronos in consensus latency and nearly a tenfold increase in throughput.