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Blockchain represents a technology for establishing a shared, immutable version of the truth between a network of participants that do not trust one another, and therefore has the potential to disrupt any financial or other industries that…

Computers and Society · Computer Science 2016-11-02 Marek Laskowski , Henry M. Kim

Blockchain technology is a breakthrough in changing the ways of business and organization operations, in which the consensus problem is challenging with practical constraints, such as computational power and consensus standard. In this…

Computational Engineering, Finance, and Science · Computer Science 2023-09-19 Yuqi Xie , Changbing Tang , Feilong Lin , Guanrong Chen , Zhao Zhang , Zhonglong Zheng

The practical Byzantine fault tolerant (PBFT) consensus mechanism is one of the most basic consensus algorithms (or protocols) in blockchain technologies, thus its performance evaluation is an interesting and challenging topic due to a…

Cryptography and Security · Computer Science 2021-07-02 Fan-Qi Ma , Quan-Lin Li , Yi-Han Liu , Yan-Xia Chang

Though voting-based consensus algorithms in Blockchain outperform proof-based ones in energy- and transaction-efficiency, they are prone to incur wrong elections and bribery elections. The former originates from the uncertainties of…

Computer Science and Game Theory · Computer Science 2019-12-30 Shengling Wang , Xidi Qu , Qin Hu , Weifeng Lv

Bitcoin's success has led to significant interest in its underlying components, particularly Blockchain technology. Over 10 years after Bitcoin's initial release, the community still suffers from a lack of clarity regarding what properties…

Cryptography and Security · Computer Science 2019-09-30 Scott Ruoti , Ben Kaiser , Arkady Yerukhimovich , Jeremy Clark , Robert Cunningham

Blockchain has become a popular emergent technology in many industries. It is suitable for a broad range of applications, from its base role as an immutable distributed ledger to the deployment of distributed applications. Many…

Cryptography and Security · Computer Science 2022-12-20 Inwon Kang , Aparna Gupta , Oshani Seneviratne

In the Bitcoin white paper, Nakamoto proposed a very simple Byzantine fault tolerant consensus algorithm that is also known as Nakamoto consensus. Despite its simplicity, some existing analysis of Nakamoto consensus appears to be long and…

Cryptography and Security · Computer Science 2019-10-22 Jianyu Niu , Chen Feng , Hoang Dau , Yu-Chih Huang , Jingge Zhu

Blockchain and blockchain-inspired decentralized applications are on the rise thanks to their unique characteristics such as their decentralized nature, anonymity, and tamper-proof nature; however, blockchain transactions tend to experience…

Cryptography and Security · Computer Science 2026-04-08 Yi Lyu

Consensus mechanism is the heart of any blockchain network. Many projects have proposed alternative protocols to improve restricted scalability of Proof of Work originated since Bitcoin. As an improvement of Delegated Proof of Stake, in…

Cryptography and Security · Computer Science 2019-12-10 Thuat Do , Thao Nguyen , Hung Pham

Blockchain has received great attention in recent years and motivated innovations in different scenarios. However, many vital issues which affect its performance are still open. For example, it is widely convinced that high level of…

Networking and Internet Architecture · Computer Science 2018-09-06 Zhenzhen Jiao , Rui Tian , Dezhong Shang , Hui Ding

Consensus algorithms play a critical role in blockchains and directly impact their performance. During consensus processing, nodes need to validate and order the pending transactions into a new block, which requires verifying the…

Cryptography and Security · Computer Science 2023-05-29 Wanxin Li , Collin Meese , Mark Nejad , Hao Guo

In the field of distributed consensus and blockchains, the synchronous communication model assumes that all messages between honest parties are delayed at most by a known constant $\Delta$. Recent literature establishes that the…

Cryptography and Security · Computer Science 2021-02-02 Suryanarayana Sankagiri , Shreyas Gandlur , Bruce Hajek

Blockchain technology has been attracting much attention from both academia and industry. It brings many benefits to various applications like Internet of Things. However, there are critical issues to be addressed before its widespread…

Cryptography and Security · Computer Science 2020-09-15 Hongyue Kang , Xiaolin Chang , Jelena Mišić , Vojislav B. Mišić , Yingying Yao , Zhi Chen

Blokchain is a promising technology to enable distributed and reliable data sharing at the network edge. The high security in blockchain is undoubtedly a critical factor for the network to handle important data item. On the other hand,…

Distributed, Parallel, and Cluster Computing · Computer Science 2022-12-09 Yixin Li , Liang Liang , Yunjian Jia , Wanli Wen , Chaowei Tang , Zhengchuan Chen

In this paper, we propose a trust-centric privacy-preserving blockchain for dynamic spectrum access in IoT networks. To be specific, we propose a trust evaluation mechanism to evaluate the trustworthiness of sensing nodes and design a…

Cryptography and Security · Computer Science 2021-06-29 Jingwei Ye , Xin Kang , Ying-Chang Liang , Sumei Sun

A new era in ICT has begun with the evolution of Next Generation Networks (NGNs) and the development of human-centric applications. Ultra-low latency, high throughput, and high availability are a few of the main characteristics of modern…

Networking and Internet Architecture · Computer Science 2022-11-02 Michael Xevgenis , Dimitrios Kogias , Ioannis Christidis , Charalampos Patrikakis , Helen C. Leligou

Bitcoin is the first successful decentralized global digital cash system. Its mining process requires intense computational resources, therefore its usefulness remains a disputable topic. We aim to solve three problems with Bitcoin and…

Cryptography and Security · Computer Science 2016-08-25 Alexander Chepurnoy , Mario Larangeira , Alexander Ojiganov

Recent years have witnessed an increasing interest in the blockchain technology, and many blockchain-based applications have been developed to take advantage of its decentralization, transparency, fault tolerance, and strong security. In…

Cryptography and Security · Computer Science 2021-09-30 Yihao Guo , Zhiguo Wan , Xiuzhen Cheng

Blockchain design involves many tradeoffs, and much debate has focused on tradeoffs related to scaling parameters such as blocksize. To address some of the confusion around this subject, we present a probability proof of the DCS Triangle.…

Distributed, Parallel, and Cluster Computing · Computer Science 2018-01-16 Greg Slepak , Anya Petrova

Some blockchain networks employ a distributed consensus algorithm featuring Byzantine fault tolerance. Notably, certain public chains, such as Cosmos and Tezos, which operate on a proof-of-stake mechanism, have adopted this algorithm. While…

Distributed, Parallel, and Cluster Computing · Computer Science 2024-07-23 Akihiro Fujihara