Alleviating High Gas Costs by Secure and Trustless Off-chain Execution of Smart Contracts

Smart contracts are programs that are executed on the blockchain and can hold, manage and transfer assets in the form of cryptocurrencies. The contract's execution is then performed on-chain and is subject to consensus, i.e. every node on the blockchain network has to run the function calls and keep track of their side-effects including updates to the balances and contract's storage. The notion of gas is introduced in most programmable blockchains, which prevents DoS attacks from malicious parties who might try to slow down the network by performing time-consuming and resource-heavy computations. While the gas idea has largely succeeded in its goal of avoiding DoS attacks, the resulting fees are extremely high. For example, in June-September 2022, on Ethereum alone, there has been an average total gas usage of 2,706.8 ETH ≈ 3,938,749 USD per day. We propose a protocol for alleviating these costs by moving most of the computation off-chain while preserving enough data on-chain to guarantee an implicit consensus about the contract state and ownership of funds in case of dishonest parties. We perform extensive experiments over 3,330 real-world Solidity contracts that were involved in 327,132 transactions in June-September 2022 on Ethereum and show that our approach reduces their gas usage by 40.09 percent, which amounts to a whopping 442,651 USD.