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The surging interest in blockchain technology has revitalized the search for effective Byzantine consensus schemes. In particular, the blockchain community has been looking for ways to effectively integrate traditional Byzantine…

Cryptography and Security · Computer Science 2018-11-15 Jian Liu , Wenting Li , Ghassan O. Karame , N. Asokan

Blockchain is a distributed ledger, which is protected against malicious modifications by means of cryptographic tools, e.g. digital signatures and hash functions. One of the most prominent applications of blockchains is cryptocurrencies,…

Cryptography and Security · Computer Science 2019-12-20 E. O. Kiktenko , M. A. Kudinov , A. K. Fedorov

Bitcoin is a popular cryptocurrency that records alltransactions in a distributed append-only public ledger calledblockchain. The security of Bitcoin heavily relies on the incentive-compatible proof-of-work (PoW) based distributed consensus…

Cryptography and Security · Computer Science 2018-06-05 Mauro Conti , Sandeep Kumar E , Chhagan Lal , Sushmita Ruj

The application of Bitcoin enables people to understand blockchain technology gradually. Bitcoin is a decentralized currency that does not rely on third-party credit institutions, and the core of Bitcoin's underlying technology is…

Cryptography and Security · Computer Science 2025-04-15 Yuhuan Yang , Shipeng Ye , Xiaoqi Li

Since the emergence of blockchain technology, its application in the financial market has always been an area of focus and exploration by all parties. With the characteristics of anonymity, trust, tamper-proof, etc., blockchain technology…

Statistical Finance · Quantitative Finance 2022-04-21 Ji Liu , Zheng Xu , Yanmei Zhang , Wei Dai , Hao Wu , Shiping Chen

Blockchain has revolutionized how transactions are conducted by ensuring secure and auditable peer-to-peer coordination. This is due to both the development of decentralization, and the promotion of trust among peers. Blockchain and fog…

Networking and Internet Architecture · Computer Science 2020-09-15 Ouns Bouachir , Moayad Aloqaily , Lewis Tseng , Azzedine Boukerche

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

Blockchain technologies are taking the world by storm. Public blockchains, such as Bitcoin and Ethereum, enable secure peer-to-peer applications like crypto-currency or smart contracts. Their security and performance are well studied. This…

Databases · Computer Science 2017-03-14 Tien Tuan Anh Dinh , Ji Wang , Gang Chen , Rui Liu , Beng Chin Ooi , Kian-Lee Tan

Cryptocurrencies, based on and led by Bitcoin, have shown promise as infrastructure for pseudonymous online payments, cheap remittance, trustless digital asset exchange, and smart contracts. However, Bitcoin-derived blockchain protocols…

Cryptography and Security · Computer Science 2015-11-12 Ittay Eyal , Adem Efe Gencer , Emin Gun Sirer , Robbert van Renesse

In recent years, many Blockchain based frameworks for transacting commodities on a congestible network have been proposed. In particular, as the number of controllable grid connected assets increases, there is a need for a decentralized,…

Signal Processing · Electrical Eng. & Systems 2019-10-25 Nikhil Ravi , Shammya Saha , Anna Scaglione , Nathan G. Johnson

This thesis proposes techniques aiming to make blockchain technologies and smart contract platforms practical by improving their scalability, latency, and privacy. This thesis starts by presenting the design and implementation of…

Cryptography and Security · Computer Science 2021-02-25 Alberto Sonnino

Since its advent in 2009, Bitcoin, a cryptography-enabled peer-to-peer digital payment system, has been gaining increasing attention from both academia and industry. An effort designed to overcome a cluster of bottlenecks inherent in…

Cryptography and Security · Computer Science 2021-05-18 Ling Cheng , Feida Zhu , Huiwen Liu , Chunyan Miao

Bitcoin and Ethereum, whose miners arguably collectively comprise the most powerful computational resource in the history of mankind, offer no more power for processing and verifying transactions than a typical smart phone. The system…

Cryptography and Security · Computer Science 2019-08-14 Jason Teutsch , Christian Reitwießner

Permisionless decentralized ledgers ("blockchains") such as the one underlying the cryptocurrency Bitcoin allow anonymous participants to maintain the ledger, while avoiding control or "censorship" by any single entity. In contrast,…

Distributed, Parallel, and Cluster Computing · Computer Science 2016-06-27 Maurice Herlihy , Mark Moir

The rise of blockchain-based cryptocurrencies has led to an explosion of services using distributed ledgers as their underlying infrastructure. However, due to inherently single-service oriented blockchain protocols, such services can bloat…

Cryptography and Security · Computer Science 2016-11-22 Adem Efe Gencer , Robbert van Renesse , Emin Gün Sirer

While showing great promise, Bitcoin requires users to wait tens of minutes for transactions to commit, and even then, offering only probabilistic guarantees. This paper introduces ByzCoin, a novel Byzantine consensus protocol that…

Cryptography and Security · Computer Science 2016-08-02 Eleftherios Kokoris-Kogias , Philipp Jovanovic , Nicolas Gailly , Ismail Khoffi , Linus Gasser , Bryan Ford

Bitcoin brings a new type of digital currency that does not rely on a central system to maintain transactions. By benefiting from the concept of decentralized ledger, users who do not know or trust each other can still conduct transactions…

Cryptography and Security · Computer Science 2019-09-17 Zhimin Gao , Lei Xu , Keshav Kasichainula , Lin Chen , Bogdan Carbunar , Weidong Shi

Bitcoin is an immutable permissionless blockchain system that has been extensively used as a public bulletin board by many different applications that heavily relies on its immutability. However, Bitcoin's immutability is not without its…

Cryptography and Security · Computer Science 2019-10-10 Dominic Deuber , Bernardo Magri , Sri Aravinda Krishnan Thyagarajan

Bitcoin uses blockchain technology to maintain transactions order and provides probabilistic guarantee to prevent double-spending, assuming that an attacker's computational power does not exceed %50 of the network power. In this paper, we…

Cryptography and Security · Computer Science 2024-11-19 Ghader Ebrahimpour , Mohammad Sayad Haghighi

Bitcoin's enormous success has inspired the development of alternative blockchains, such as consortium chains. Several cross-chain protocols have been proposed as ways of connecting these universes of individual blockchains in a distributed…

Distributed, Parallel, and Cluster Computing · Computer Science 2018-10-25 Hiroki Watanabe , Shigenori Ohashi , Shigeru Fujimura , Atsushi Nakadaira , Kota Hidaka , Jay Kishigami