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Cryptocurrency achieves distributed consensus using proof of work (PoW). Prior research in blockchain security identified financially incentivized attacks based on withholding blocks which have the attacker compromise a victim pool and pose…

Cryptography and Security · Computer Science 2020-09-01 Sang-Yoon Chang

Bitcoin is a decentralised digital currency that relies on cryptography rather than trusted third parties such as central banks for its security. Underpinning the operation of the currency is a peer-to-peer (P2P) network that facilitates…

Cryptography and Security · Computer Science 2018-05-29 James Tapsell , Raja Naeem Akram , Konstantinos Markantonakis

Recent work has demonstrated significant anonymity vulnerabilities in Bitcoin's networking stack. In particular, the current mechanism for broadcasting Bitcoin transactions allows third-party observers to link transactions to the IP…

Cryptography and Security · Computer Science 2018-05-29 Giulia Fanti , Shaileshh Bojja Venkatakrishnan , Surya Bakshi , Bradley Denby , Shruti Bhargava , Andrew Miller , Pramod Viswanath

The Lightning Network (LN) has enjoyed rapid growth over recent years, and has become the most popular scaling solution for the Bitcoin blockchain. The security of the LN relies on the ability of the nodes to close a channel by settling…

Cryptography and Security · Computer Science 2024-03-21 Cosimo Sguanci , Anastasios Sidiropoulos

Censorship resilience is a fundamental assumption underlying the security of blockchain protocols. Additionally, the analysis of blockchain security from an economic and game theoretic perspective has been growing in popularity in recent…

Computer Science and Game Theory · Computer Science 2025-07-03 Michelle Yeo , Haoqian Zhang

In this paper, we systematically explore the attack surface of the Blockchain technology, with an emphasis on public Blockchains. Towards this goal, we attribute attack viability in the attack surface to 1) the Blockchain cryptographic…

Cryptography and Security · Computer Science 2019-04-09 Muhammad Saad , Jeffrey Spaulding , Laurent Njilla , Charles Kamhoua , Sachin Shetty , DaeHun Nyang , Aziz Mohaisen

We study the amplification of security against quantum attacks provided by iteration of block ciphers. In the classical case, the Meet-in-the-middle attack is a generic attack against those constructions. This attack reduces the time…

Quantum Physics · Physics 2015-04-28 Marc Kaplan

Cryptocurrencies such as Bitcoin are realized using distributed systems and hence critically rely on the performance and security of the interconnecting network. The requirements on these networks and their usage, however can differ…

Networking and Internet Architecture · Computer Science 2020-08-20 Maya Dotan , Yvonne-Anne Pignolet , Stefan Schmid , Saar Tochner , Aviv Zohar

Bitcoin derives a verifiable temporal order from probabilistic block discovery and cumulative proof-of-work rather than from a trusted global clock. We show that block arrivals exhibit stable exponential behavior across difficulty epochs,…

Information Theory · Computer Science 2026-02-11 Bin Chen , Pan Feng

Blockchains are intended to be immutable, so an attacker who is able to delete transactions through a chain reorganization (a malicious reorg) can perform a profitable double-spend attack. We study the rate at which an attacker can execute…

Cryptography and Security · Computer Science 2020-09-14 Michael Neuder , Daniel J. Moroz , Rithvik Rao , David C. Parkes

Bitcoin is a popular alternative to fiat money, widely used for its perceived anonymity properties. However, recent attacks on Bitcoin's peer-to-peer (P2P) network demonstrated that its gossip-based flooding protocols, which are used to…

Cryptography and Security · Computer Science 2017-03-28 Giulia Fanti , Pramod Viswanath

The idea of security sharing goes back to Nakamoto's introduction of merge mining, a technique that enables Bitcoin miners to reuse their hash power to bootstrap and secure other Proof-of-Work (PoW) blockchains. However, with the rise of…

Cryptography and Security · Computer Science 2026-05-20 Xinshu Dong , Orfeas Stefanos Thyfronitis Litos , Ertem Nusret Tas , David Tse , Robin Linus Woll , Lei Yang , Mingchao Yu

Secure two-party cryptography is possible if the adversary's quantum storage device suffers imperfections. For example, security can be achieved if the adversary can store strictly less then half of the qubits transmitted during the…

Quantum Physics · Physics 2011-05-05 Prabha Mandayam , Stephanie Wehner

Bitcoin rise has put blockchain technology into the mainstream, amplifying its potential and broad utility. While Bitcoin has become incredibly famous, its transaction rate has not match such a corresponding increase. It still takes…

Cryptography and Security · Computer Science 2024-06-21 Han Song , Zhongche Qu , Yihao Wei

The development of quantum computers has been advancing rapidly in recent years. As quantum computers become more widely accessible, potentially malicious users could try to execute their code on the machines to leak information from other…

Hardware Architecture · Computer Science 2023-09-13 Jerry Tan , Chuanqi Xu , Theodoros Trochatos , Jakub Szefer

Sharding, i.e. splitting the miners or validators to form and run several subchains in parallel, is known as one of the main solutions to the scalability problem of blockchains. The drawback is that as the number of miners expanding each…

Cryptography and Security · Computer Science 2021-08-23 Nastaran Abadi Khooshemehr , Mohammad Ali Maddah-Ali

Over the past decade, the Bitcoin P2P network protocol has become a reference model for all modern cryptocurrencies. While nodes in this network are known, the connections among them are kept hidden, as it is commonly believed that this…

Cryptography and Security · Computer Science 2021-07-28 Federico Franzoni , Xavier Salleras , Vanesa Daza

With the recent prevalence of darkweb/deepweb (D2web) sites specializing in the trade of exploit kits and malware, malicious actors have easy-access to a wide-range of tools that can empower their offensive capability. In this study, we…

Cryptography and Security · Computer Science 2018-11-01 Mohammed Almukaynizi , Vivin Paliath , Malay Shah , Malav Shah , Paulo Shakarian

Proof-of-Work (PoW) is a fundamental underlying technology behind most major blockchain cryptocurrencies. It has been previously pointed out that quantum devices provide a computational advantage in performing PoW in the context of Bitcoin.…

Quantum Physics · Physics 2021-05-06 Dan A. Bard , Joseph J. Kearney , Carlos A. Perez-Delgado

We consider the block withholding attacks on pools, more specifically the state-of-the-art Power Adjusting Withholding (PAW) attack. We propose a generalization called Temporary PAW (T-PAW) where the adversary withholds a fPoW from pool…

Cryptography and Security · Computer Science 2026-05-20 Mustafa Doger , Sennur Ulukus
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