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In this paper, we present a novel fraud-proof mechanism that achieves fast finality and, when combined with optimistic execution, enables real-time transaction processing. State-of-the-art optimistic rollups typically adopt a 7-day…

Cryptography and Security · Computer Science 2025-02-17 Gabriele Picco , Andrea Fortugno

Proof-of-Stake (PoS) is a prominent Sybil control mechanism for blockchain-based systems. In "e-PoS: Making PoS Decentralized and Fair," Saad et al. (TPDS'21) introduced a new Proof-of-Stake protocol, e-PoS, to enhance PoS applications'…

Cryptography and Security · Computer Science 2025-04-25 Suhyeon Lee , Seungjoo Kim

We introduce the Clockwork Finance Framework (CFF), a general purpose, formal verification framework for mechanized reasoning about the economic security properties of composed decentralized-finance (DeFi) smart contracts. CFF features…

Cryptography and Security · Computer Science 2023-05-22 Kushal Babel , Philip Daian , Mahimna Kelkar , Ari Juels

We describe a protocol for creating, updating, and transferring digital assets securely, with strong privacy and self-custody features for the initial owner based upon the earlier work of Goodell, Toliver, and Nakib. The architecture…

Cryptography and Security · Computer Science 2026-04-21 Geoffrey Goodell

With the massive amount of digital data generated everyday, transactions of digital goods become a trend. One of the essential requirements for such transactions is fairness, which is defined as that both of the seller and the buyer get…

Cryptography and Security · Computer Science 2023-06-05 Peng Zhang , Jiaquan Wei , Yuhong Liu , Hongwei Liu

Smart contract vulnerabilities have led to significant financial losses, with their increasing complexity rendering outright prevention of hacks increasingly challenging. This trend highlights the crucial need for advanced forensic analysis…

Cryptography and Security · Computer Science 2025-04-15 Kaihua Qin , Zhe Ye , Zhun Wang , Weilin Li , Liyi Zhou , Chao Zhang , Dawn Song , Arthur Gervais

Quantum network protocols offer new functionalities such as enhanced security to communication and computational systems. Despite the rapid progress in quantum hardware, it has not yet reached a level of maturity that enables execution of…

Quantum Physics · Physics 2022-07-19 Chin-Te Liao , Sima Bahrani , Francisco Ferreira da Silva , Elham Kashefi

In this paper, we consider the problem of hosting financial exchanges in the cloud. Financial exchanges require predictable, equal latency to all market participants to ensure fairness for various tasks, such as high speed trading. However,…

Networking and Internet Architecture · Computer Science 2023-03-30 Prateesh Goyal , Eashan Gupta , Ilias Marinos , Chenxingyu Zhao , Radhika Mittal , Ranveer Chandra

This paper presents an evaluation framework that attempts to quantify the "degree of realism" of simulated financial time series, whatever the simulation method could be, with the aim of discover unknown characteristics that are not being…

Computational Finance · Quantitative Finance 2018-11-20 Javier Franco-Pedroso , Joaquin Gonzalez-Rodriguez , Maria Planas , Jorge Cubero , Rafael Cobo , Fernando Pablos

Data Mining deals extracting hidden knowledge, unexpected pattern and new rules from large database. Various customized data mining tools have been developed for domain specific applications such as Biomedicine, DNA analysis and…

Databases · Computer Science 2010-03-11 Sabyasachi Pattanaik , Partha Pratim Ghosh

Most self-service payment terminals require network connectivity for processing electronic payments. The necessity to maintain network connectivity increases costs, introduces cybersecurity risks, and significantly limits the number of…

Distributed, Parallel, and Cluster Computing · Computer Science 2021-07-20 Nikolay Ivanov , Qiben Yan

The Proof of Efficient Liquidity (PoEL) protocol, designed for specialised Proof of Stake (PoS) consensus-based blockchains that incorporate intrinsic DeFi applications, aims to support sustainable liquidity bootstrapping and network…

General Finance · Quantitative Finance 2024-02-19 Arman Abgaryan , Utkarsh Sharma , Joshua Tobkin

Security verification of communication protocols in industrial and safety-critical systems is challenging because implementations are often proprietary, accessible only as black boxes, and too complex for manual modeling. As a result,…

Cryptography and Security · Computer Science 2026-03-02 Stefan Marksteiner , Mikael Sjödin , Marjan Sirjani

We establish fundamental and general techniques for formal verification of quantum protocols. Quantum protocols are novel communication schemes involving the use of quantum-mechanical phenomena for representation, storage and transmission…

Quantum Physics · Physics 2007-05-23 Simon Gay , Rajagopal Nagarajan , Nikolaos Papanikolaou

We present an approach for verifying systems at runtime. Our approach targets distributed systems whose components communicate with monitors over unreliable channels, where messages can be delayed, reordered, or even lost. Furthermore, our…

Logic in Computer Science · Computer Science 2019-09-26 David Basin , Felix Klaedtke , Eugen Zalinescu

Modern applications often operate on data in multiple administrative domains. In this federated setting, participants may not fully trust each other. These distributed applications use transactions as a core mechanism for ensuring…

Distributed, Parallel, and Cluster Computing · Computer Science 2016-08-23 Isaac Sheff , Tom Magrino , Jed Liu , Andrew C. Myers , Robbert van Renesse

Recently, Chou et al. [Electron Commer Res, DOI 10.1007/s10660-014-9143-6] presented a novel controlled quantum secure direct communication protocol which can be used for online shopping. The authors claimed that their protocol was immune…

Quantum Physics · Physics 2014-10-21 Wei Huang , Ying-Hui Yang , Heng-Yue Jia

We propose a performance evaluation method for security protocols. Based on the informal specification, we construct a canonical model which includes, alongside protocol messages, cryptographic operations performed by participants in the…

Cryptography and Security · Computer Science 2009-08-21 Bela Genge , Piroska Haller , Iosif Ignat , Ovidiu Ratoi

Payment channels effectively move the transaction load off-chain thereby successfully addressing the inherent scalability problem most cryptocurrencies face. A major drawback of payment channels is the need to ``top up'' funds on-chain when…

Cryptography and Security · Computer Science 2021-10-19 Zeta Avarikioti , Krzysztof Pietrzak , Iosif Salem , Stefan Schmid , Samarth Tiwari , Michelle Yeo

E-commerce, a type of trading that occurs at a high frequency on the Internet, requires guaranteeing the integrity, authentication and non-repudiation of messages through long distance. As current e-commerce schemes are vulnerable to…

Quantum Physics · Physics 2024-01-17 Xiao-Yu Cao , Bing-Hong Li , Yang Wang , Yao Fu , Hua-Lei Yin , Zeng-Bing Chen