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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

Modern cryptocurrency systems, such as Ethereum, permit complex financial transactions through scripts called smart contracts. These smart contracts are executed many, many times, always without real concurrency. First, all smart contracts…

Distributed, Parallel, and Cluster Computing · Computer Science 2017-02-16 Thomas Dickerson , Paul Gazzillo , Maurice Herlihy , Eric Koskinen

This chapter contributes to evolving the versatility and complexity of blockchain-enabled services through extending the functionality of blockchain-enforced smart contracts. The contributions include: (i) a method for automated management…

Cryptography and Security · Computer Science 2018-06-29 Craig Wright , Antoaneta Serguieva

Modern mathematics is built on the idea that proofs should be translatable into formal proofs, whose validity is an objective question, decidable by a computer. Yet, in practice, proofs are informal and may omit many details. An agent…

Computer Science and Game Theory · Computer Science 2021-10-14 Sylvain Carré , Franck Gabriel , Clément Hongler , Gustavo Lacerda , Gloria Capano

We examine blockchain technologies, especially smart contracts, as a platform for decentralized applications. By providing a basis for consensus, blockchain promises to upend business models that presuppose a central authority. However,…

Computers and Society · Computer Science 2018-01-10 Munindar P. Singh , Amit K. Chopra

Transactions involving multiple blockchains are implemented by cross-chain protocols. These protocols are based on smart contracts, programs that run on blockchains, executed by a network of computers. Because smart contracts can…

Distributed, Parallel, and Cluster Computing · Computer Science 2022-05-09 Ritam Ganguly , Yingjie Xue , Aaron Jonckheere , Parker Ljung , Benjamin Schornstein , Borzoo Bonakdarpour , Maurice Herlihy

The problem of a single point of failure in centralized systems poses a great challenge to the stability of such systems. Meanwhile, the tamperability of data within centralized systems makes users reluctant to trust and use centralized…

Cryptography and Security · Computer Science 2025-04-22 Ka Wai Wu

Recently, decentralised (on-blockchain) platforms have emerged to complement centralised (off-blockchain) platforms for the implementation of automated, digital (smart) contracts. However, neither alternative can individually satisfy the…

Software Engineering · Computer Science 2018-08-02 Carlos Molina-Jimenez , Ioannis Sfyrakis , Ellis Solaiman , Irene Ng , Meng Weng Wong , Alexis Chun , Jon Crowcroft

Blockchain has been praised for its capacity to hold data in a decentralized and tamper-proof way. It also supports the execution of code through blockchain's smart contracts, adding automation of actions to the network with high…

Cryptography and Security · Computer Science 2021-01-25 Nicolas Six , Claudia Negri Ribalta , Nicolas Herbaut , Camille Salinesi

With technological advances and the establishment of e-commerce models, business challenges have shifted to online platforms. The promise of embedding self-executing and autonomous programs into blockchain technologies has attracted…

Computers and Society · Computer Science 2022-08-03 Kamal Kishor Singh

Smart Contracts (SCs) are programs stored in a Blockchain to ensure agreements between two or more parties. Due to the unchangeable essence of Blockchain, failures or errors in SCs become perpetual once published. The reliability of SCs is…

Chainspace is a decentralized infrastructure, known as a distributed ledger, that supports user defined smart contracts and executes user-supplied transactions on their objects. The correct execution of smart contract transactions is…

Cryptography and Security · Computer Science 2017-08-15 Mustafa Al-Bassam , Alberto Sonnino , Shehar Bano , Dave Hrycyszyn , George Danezis

In this paper, we develop BlockMarkchain, as a secure data market place, where individual data sellers can exchange certified data with buyers, in a secure environment, without any mutual trust among the parties, and without trusting on a…

Cryptography and Security · Computer Science 2020-03-26 Hamidreza Ehteram , Mohammad Taha Toghani , Mohammad Ali Maddah-Ali

Permission-less blockchains can realise trustless trust, albeit at the cost of limiting the complexity of computation tasks. To explain the implications for scalability, we have implemented a trust model for smart contracts, described as…

Cryptography and Security · Computer Science 2018-01-30 Dominik Harz , Magnus Boman

An atomic cross-chain swap is a distributed coordination task where multiple parties exchange assets across multiple blockchains, for example, trading bitcoin for ether. An atomic swap protocol guarantees (1) if all parties conform to the…

Distributed, Parallel, and Cluster Computing · Computer Science 2018-05-21 Maurice Herlihy

Blockchain is a core technology to manage the value of cryptocurrencies, or to record trails of important business trades. The Smart Contract on blockchain is expected to improve security on blockchain system with automated operation, but…

Cryptography and Security · Computer Science 2020-01-07 Shingo Fujimoto , Yoshiki Higashikado , Takuma Takeuchi

In recent years, manifold blockchain protocols have been proposed by researchers and industrial companies alike. This has led to a very heterogeneous blockchain landscape. Accordingly, it would be desirable if blockchains could interact…

Cryptography and Security · Computer Science 2021-06-29 Markus Nissl , Emanuel Sallinger , Stefan Schulte , Michael Borkowski

Smart contracts are programs running on cryptocurrency (e.g., Ethereum) blockchains, whose popularity stem from the possibility to perform financial transactions, such as payments and auctions, in a distributed environment without need for…

Cryptography and Security · Computer Science 2018-04-24 Ilya Grishchenko , Matteo Maffei , Clara Schneidewind

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

Smart contracting protocols promise to regulate the transfer of cryptocurrency amongst participants in a trustless manner. A safe smart contract implementation should ensure that each participant can always append a contract transaction to…

Cryptography and Security · Computer Science 2020-07-16 James Chiang