A Space-Efficient Digital Wallet Service in Blockchain Systems

As an indispensable key network service in blockchain systems, digital wallet service is crucial for promoting the widespread application of blockchain technology and the development of the digital economy. However, with the increasing popularity of blockchain technology, the scale of the Unspent Transaction Output (UTXO) dataset continues to increase. A significant number of low-value UTXOs occupied the main dataset space, leading to blockchain dataset expansion. This has affected the performance of digital wallet service and the overall system performance. To address this issue, this paper proposes a Space-Efficient Digital Wallet (SEDW) service in blockchain systems. This strategy employs a Multidimensional Space Simulated Annealing (MSA) algorithm to obtain transaction input UTXOs. MSA can be combined with the UTXO dynamic adjustment mechanism, achieving the rapid consumption of low-value UTXOs without increasing the transaction fees. Experimental results demonstrate that the proposed SEDW strategy effectively optimized the selection of UTXOs in blockchain systems. It alleviated the expansion issue of the UTXO dataset, and controlled the generation of transaction fees, thereby achieving performance enhancement of digital wallet service.