Delay and Communication Tradeoffs for Blockchain Systems with Lightweight IoT Clients

The emerging blockchain protocols provide a decentralized architecture that is suitable of supporting Internet of Things (IoT) interactions. However, keeping a local copy of the blockchain ledger is infeasible for low-power and memory-constrained devices. For this reason, they are equipped with lightweight software implementations that only download the useful data structures, e.g. state of accounts, from the blockchain network, when they are updated. In this paper, we consider and analyze a nov...