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When blockchain systems are said to be trustless, what this really means is that all the trust is put into software. Thus, there are strong incentives to ensure blockchain software is correct -- vulnerabilities here cost millions and break…

Software Engineering · Computer Science 2025-10-20 Jan Corazza , Ivan Gavran , Gabriela Moreira , Daniel Neider

In today's programmable blockchains, smart contracts are limited to being deterministic and non-probabilistic. This lack of randomness is a consequential limitation, given that a wide variety of real-world financial contracts, such as…

Computer Science and Game Theory · Computer Science 2019-02-22 Krishnendu Chatterjee , Amir Kafshdar Goharshady , Arash Pourdamghani

Smart contracts are crucial elements of decentralized technologies, but they face significant obstacles to trustworthiness due to security bugs and trapdoors. To address the core issue, we propose a technology that enables programmers to…

Cryptography and Security · Computer Science 2023-04-19 Nikolaj Bjørner , Shuo Chen , Yang Chen , Zhongxin Guo , Peng Liu , Nanqing Luo

Smart contracts are full-fledged programs that run on blockchains (e.g., Ethereum, one of the most popular blockchains). In Ethereum, gas (in Ether, a cryptographic currency like Bitcoin) is the execution fee compensating the computing…

Software Engineering · Computer Science 2020-11-05 Ting Chen , Xiaoqi Li , Xiapu Luo , Xiaosong Zhang

Permissionless blockchains allow the execution of arbitrary programs (called smart contracts), enabling mutually untrusted entities to interact without relying on trusted third parties. Despite their potential, repeated security concerns…

Cryptography and Security · Computer Science 2018-08-27 Petar Tsankov , Andrei Dan , Dana Drachsler Cohen , Arthur Gervais , Florian Buenzli , Martin Vechev

Many Ethereum smart contracts rely on block attributes such as block.timestamp or blockhash to generate random numbers for applications like lotteries and games. However, these values are predictable and miner-manipulable, creating the Bad…

Cryptography and Security · Computer Science 2026-01-16 Hadis Rezaei , Rahim Taheri , Francesco Palmieri

Smart contracts, integral to blockchain ecosystems, enable decentralized applications to execute predefined operations without intermediaries. Their ability to enforce trustless interactions has made them a core component of platforms such…

Cryptography and Security · Computer Science 2025-06-10 Mesut Ozdag

We identify a subtle security issue that impacts the design of smart contracts, because agents may themselves deploy smart contracts (side contracts). Typically, equilibria of games are analyzed in vitro, under the assumption that players…

Computer Science and Game Theory · Computer Science 2023-05-05 Daji Landis , Nikolaj I. Schwartzbach

Soft constraints extend classical constraints to represent multiple consistency levels, and thus provide a way to express preferences, fuzziness, and uncertainty. While there are many soft constraint solving formalisms, even distributed…

Programming Languages · Computer Science 2018-02-27 S. Bistarelli , U. Montanari , F. Rossi

Behavioral software contracts are a widely used mechanism for governing the flow of values between components. However, run-time monitoring and enforcement of contracts imposes significant overhead and delays discovery of faulty components…

Programming Languages · Computer Science 2014-06-17 Phuc C. Nguyen , Sam Tobin-Hochstadt , David Van Horn

Blockchain is a decentralized, distributed ledger technology that ensures transparency, security, and immutability through cryptographic techniques. However, advancements in quantum computing threaten the security of classical cryptographic…

Cryptography and Security · Computer Science 2026-01-14 Nicholas J. C. Papadopoulos

Blockchain has emerged as a trusted and secure distributed ledger for transactions while also being decentralised, distributed and its legitimacy not guaranteed by a trusted authority. Since the appearance of Bitcoin, Blockchain has known…

Distributed, Parallel, and Cluster Computing · Computer Science 2018-10-01 Ioana Stanescu , Lenuta Alboaie , Andrei Panu

Security bugs and trapdoors in smart contracts have been impacting the Ethereum community since its inception. Conceptually, the 1.45-million Ethereum's contracts form a single "gigantic program" whose behaviors are determined by the…

Cryptography and Security · Computer Science 2025-08-08 Thomas Ball , Nikolaj S. Bjørner , Ashley J. Chen , Shuo Chen , Yang Chen , Zhongxin Guo , Tzu-Han Hsu , Peng Liu , Nanqing Luo

Blockchain has become particularly popular due to its promise to support business-critical services in very different domains (e.g., retail, supply chains, healthcare). Blockchain systems rely on complex middleware, like Ethereum or…

Software Engineering · Computer Science 2020-10-23 Ákos Hajdu , Naghmeh Ivaki , Imre Kocsis , Attila Klenik , László Gönczy , Nuno Laranjeiro , Henrique Madeira , András Pataricza

The advent of blockchain technology and its adoption across various sectors have raised critical discussions about the need for regulatory mechanisms to ensure consumer protection, maintain financial stability, and address privacy concerns…

Cryptography and Security · Computer Science 2024-07-16 Oshani Seneviratne

The adoption of blockchain based distributed ledgers is growing fast due to their ability to provide reliability, integrity, and auditability without trusted entities. One of the key capabilities of these emerging platforms is the ability…

Cryptography and Security · Computer Science 2019-01-23 Anastasia Mavridou , Aron Laszka , Emmanouela Stachtiari , Abhishek Dubey

Ethereum Smart contracts use blockchain to transfer values among peers on networks without central agency. These programs are deployed on decentralized applications running on top of the blockchain consensus protocol to enable people to…

Cryptography and Security · Computer Science 2021-05-10 Noama Fatima Samreen , Manar H. Alalfi

We present solc-verify, a source-level verification tool for Ethereum smart contracts. Solc-verify takes smart contracts written in Solidity and discharges verification conditions using modular program analysis and SMT solvers. Built on top…

Programming Languages · Computer Science 2020-03-17 Ákos Hajdu , Dejan Jovanović

Blockchain and Distributed ledger Technologies are increasingly becoming key enablers for vital innovation in financial services, manufacturing, government and other industries. One of the biggest challenges though is the level of support…

Distributed, Parallel, and Cluster Computing · Computer Science 2018-05-04 Marcelle von Wendland

Smart contracts are an attractive target for attackers, as evidenced by a long history of security incidents. A current limitation of smart contract verification tools is that they are not really effective in expressing and verifying…

Cryptography and Security · Computer Science 2025-11-18 Massimo Bartoletti , Angelo Ferrando , Enrico Lipparini , Vadim Malvone