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Blockchain-based cryptocurrencies prioritize transactions based on their fees, creating a unique kind of fee market. Empirically, this market has failed to yield stable equilibria with predictable prices for desired levels of service. We…

Cryptography and Security · Computer Science 2019-01-23 Soumya Basu , David Easley , Maureen O'Hara , Emin Gün Sirer

Mining is the important part of the blockchain used the proof of work (PoW) on its consensus, looking for the matching block through testing a number of hash calculations. In order to attract more hash computing power, the miner who finds…

Cryptography and Security · Computer Science 2021-04-01 Muchuang Hu , Jiahui Chen , Wensheng Gan , Chien-Ming Chen

Does the proof-of-work protocol serve its intended purpose of supporting decentralized cryptocurrency mining? To address this question, we develop a game-theoretical model where miners first invest in hardware to improve the efficiency of…

Trading and Market Microstructure · Quantitative Finance 2021-06-21 Agostino Capponi , Sveinn Olafsson , Humoud Alsabah

Web browsers are integral parts of everyone's daily life. They are commonly used for security-critical and privacy sensitive tasks, like banking transactions and checking medical records. Unfortunately, modern web browsers are too complex…

Cryptography and Security · Computer Science 2022-01-03 Jungwon Lim , Yonghwi Jin , Mansour Alharthi , Xiaokuan Zhang , Jinho Jung , Rajat Gupta , Kuilin Li , Daehee Jang , Taesoo Kim

This paper contextualises the common queries of "why is crypto crashing?" and "why is crypto down?", the research transcends beyond the frequent market fluctuations to unravel how cryptocurrencies fundamentally work and the step-by-step…

Computers and Society · Computer Science 2023-09-25 Petar Radanliev

Ransomware is considered as a significant threat for most enterprises since the past few years. In scenarios wherein users can access all files on a shared server, one infected host can lock the access to all shared files. We propose a tool…

Cryptography and Security · Computer Science 2022-02-16 Eduardo Berrueta , Daniel Morato , Eduardo Magaña , Mikel Izal

Bitcoin and Ethereum are the top two blockchain-based cryptocurrencies whether from cryptocurrency market cap or popularity. However, they are vulnerable to selfish mining and stubborn mining due to that both of them adopt Proof-of-Work…

Cryptography and Security · Computer Science 2021-12-07 Runkai Yang , Xiaolin Chang , Jelena Mišić , Vojislav B. Mišić

Interest in cryptocurrencies has skyrocketed since their introduction a decade ago, with hundreds of billions of dollars now invested across a landscape of thousands of different cryptocurrencies. While there is significant diversity, there…

Cryptography and Security · Computer Science 2018-10-22 Pierre Reibel , Haaroon Yousaf , Sarah Meiklejohn

Consider the following set-up for the plot of a possible future episode of the TV series Black Mirror: human brains can be connected directly to the net and MiningMind Inc. has developed a technology that merges a reward system with a…

Computers and Society · Computer Science 2018-12-14 Diego Sempreboni , Luca Viganò

Transaction fee mechanism design is a new decentralized mechanism design problem where users bid for space on the blockchain. Several recent works showed that the transaction fee mechanism design fundamentally departs from classical…

Computer Science and Game Theory · Computer Science 2024-04-23 Ke Wu , Elaine Shi , Hao Chung

This paper discusses the mechanisms of cryptocurrency, the idea of using security in the system, and the popularity of it. To begin, the authors provide a background on cryptocurrency and how it works. The authors understand that while most…

Cryptography and Security · Computer Science 2023-10-18 Chelsea Medina , Lily Shaw , Dissy Vargas , Sundar Krishnan

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

Cryptocurrency is a form of digital currency using cryptographic techniques in a decentralized system for secure peer-to-peer transactions. It is gaining much popularity over traditional methods of payments because it facilitates a very…

Cryptography and Security · Computer Science 2023-08-01 Samyak Jain , Sarthak Johari , Radhakrishnan Delhibabu

As the most successful cryptocurrency to date, Bitcoin constitutes a target of choice for attackers. While many attack vectors have already been uncovered, one important vector has been left out though: attacking the currency via the…

Networking and Internet Architecture · Computer Science 2017-03-28 Maria Apostolaki , Aviv Zohar , Laurent Vanbever

Cryptocurrency refers to a type of digital asset that uses distributed ledger, or blockchain, technology to enable a secure transaction. Although the technology is widely misunderstood, many central banks are considering launching their own…

Computational Finance · Quantitative Finance 2020-07-30 Wolfgang Karl Härdle , Campbell R. Harvey , Raphael C. G. Reule

Many of today's crypto currencies use blockchains as decentralized ledgers and secure them with proof of work. In case of a fork of the chain, Bitcoin's rule for achieving consensus is selecting the longest chain and discarding the other…

Cryptography and Security · Computer Science 2018-08-13 Fabian Ritz , Alf Zugenmaier

We consider front-running to be a course of action where an entity benefits from prior access to privileged market information about upcoming transactions and trades. Front-running has been an issue in financial instrument markets since the…

Cryptography and Security · Computer Science 2019-04-11 Shayan Eskandari , Seyedehmahsa Moosavi , Jeremy Clark

Distributed ledger technologies have opened up a wealth of fine-grained transaction data from cryptocurrencies like Bitcoin and Ethereum. This allows research into problems like anomaly detection, anti-money laundering, pattern mining and…

Social and Information Networks · Computer Science 2024-10-07 Naomi A. Arnold , Peijie Zhong , Cheick Tidiane Ba , Ben Steer , Raul Mondragon , Felix Cuadrado , Renaud Lambiotte , Richard G. Clegg

Bitcoin draws the highest degree of attention among cryptocurrencies, while coin mining is one of the most important fashion of profiting in the Bitcoin ecosystem. This paper constructs fresh coin circulation networks by tracking the fresh…

General Finance · Quantitative Finance 2022-04-28 Zeng-Xian Lin , Xiao Fan Liu

Open proxies forward traffic on behalf of any Internet user. Listed on open proxy aggregator sites, they are often used to bypass geographic region restrictions or circumvent censorship. Open proxies sometimes also provide a weak form of…

Cryptography and Security · Computer Science 2018-06-28 Akshaya Mani , Tavish Vaidya , David Dworken , Micah Sherr
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