Related papers: A New Hybrid Consensus Protocol: Deterministic Pro…
This paper presents an empirical evaluation of the Proof of Team Sprint (PoTS) consensus algorithm, focusing on reward fairness, energy efficiency, system stability, and scalability. We conducted large-scale simulations comparing PoTS with…
The consensus protocol is a critical component of distributed ledgers and blockchains. Achieving consensus over a decentralized network poses challenges to transaction finality and performance. Currently, the highest-performing consensus…
This paper presents a comprehensive refutation of the so-called "blockchain trilemma," a widely cited but formally ungrounded claim asserting an inherent trade-off between decentralisation, security, and scalability in blockchain protocols.…
Decentralized Storage Network (DSN) is an emerging technology that challenges traditional cloud-based storage systems by consolidating storage capacities from independent providers and coordinating to provide decentralized storage and…
Distributed architectures are used to improve performance and reliability of various systems. Examples include drone swarms and load-balancing servers. An important capability of a distributed architecture is the ability to reach consensus…
A hard-fork reconfiguration of the peer to peer Bitcoin network is described that substitutes tamper-evident logs and proof-of-stake consensus for proof-of-work consensus. The block creation rewards and transaction fees are reallocated to…
Byzantine consensus is a critical component in many permissioned Blockchains and distributed ledgers. We propose a new paradigm for designing BFT protocols called DQBFT that addresses three major performance and scalability challenges that…
Smart devices have accentuated the importance of geolocation information. Geolocation identification using smart devices has paved the path for incentive-based location-based services (LBS). A location proof is a digital certificate of the…
With the rapid growth of hyperconnected devices and decentralized data architectures, safeguarding Internet of Things (IoT) transactions is becoming increasingly challenging. Blockchain presents a promising solution, yet its effectiveness…
Byzantine Fault Tolerant (BFT) consensus forms the foundation of many modern blockchains striving for both high throughput and low latency. A growing bottleneck is transaction execution and validation on the critical path of consensus,…
We propose a blockchain architecture in which mining requires a quantum computer. The consensus mechanism is based on proof of quantum work, a quantum-enhanced alternative to traditional proof of work that leverages quantum supremacy to…
The Internet of Things (IoT) is applied in various fields, and the number of physical devices connected to the IoT is increasingly growing. There are significant challenges to the IoT's growth and development, mainly due to the centralized…
In this paper, we present a decentralized network protocol, Space Network Protocol, based on Communication Satellite Services. The protocol outlines a method for distributing information about the status of satellite communication services…
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…
One of the most important features of blockchain protocols is decentralization, as their main contribution is that they formulate a distributed ledger that will be maintained and extended without the need of a trusted party. Bitcoin has…
We present a novel framework for analyzing blockchain consensus mechanisms by modeling blockchain growth as a Partially Observable Stochastic Game (POSG) which we reduce to a set of Partially Observable Markov Decision Processes (POMDPs)…
Bitcoin mining is a wasteful and resource-intensive process. To add a block of transactions to the blockchain, miners spend a considerable amount of energy. The Bitcoin protocol, named 'proof of work' (PoW), resembles a lottery and the…
Decentralized finance revolutionizes traditional financial systems by leveraging blockchain technology to reduce trust. However, some vulnerabilities persist, notably front-running by malicious actors who exploit transaction information to…
Topos is an open interoperability protocol designed to reduce as much as possible trust assumptions by replacing them with cryptographic constructions and decentralization while exhibiting massive scalability. The protocol does not make use…
The Bitcoin system only provides eventual consistency. For everyday life, the time to confirm a Bitcoin transaction is prohibitively slow. In this paper we propose a new system, built on the Bitcoin blockchain, which enables strong…