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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…
Bitcoin is a electronic payment system where payment transactions are verified and stored in a data structure called the blockchain. Bitcoin miners work individually to solve a computationally intensive problem, and with each solution a…
In this work, we study the effects of finite buffers on the throughput and delay of line networks with erasure links. We identify the calculation of performance parameters such as throughput and delay to be equivalent to determining the…
A blockchain replaces central counterparties with time-consuming consensus protocols to record the transfer of ownership. This settlement latency slows cross-exchange trading, exposing arbitrageurs to price risk. Off-chain settlement,…
As the cornerstone of blockchain, block synchronization plays a vital role in maintaining the security. Without full blockchain synchronization, unexpected forks will emerge and thus providing a breeding ground for various malicious…
As decentralized applications on permissionless blockchains are prevalent, more and more latency-sensitive usage scenarios emerged, where the lower the latency of sending and receiving messages, the better the chance of earning revenue. To…
The Bitcoin cryptocurrency records its transactions in a public log called the blockchain. Its security rests critically on the distributed protocol that maintains the blockchain, run by participants called miners. Conventional wisdom…
Since its advent in 2009, Bitcoin, a cryptography-enabled peer-to-peer digital payment system, has been gaining increasing attention from both academia and industry. An effort designed to overcome a cluster of bottlenecks inherent in…
With the rapid development of delay-sensitive services happened in industrial manufacturing, Internet of Vehicles, and smart logistics, more stringent delay requirements are put forward for the intelligent machine (IM) network. Short packet…
Web 3.0 is recognized as a pioneering paradigm that empowers users to securely oversee data without reliance on a centralized authority. Blockchains, as a core technology to realize Web 3.0, can facilitate decentralized and transparent data…
Network coding is a highly efficient data dissemination mechanism for wireless networks. Since network coded information can only be recovered after delivering a sufficient number of coded packets, the resulting decoding delay can become…
Emerging technologies, such as Blockchain and the Internet of Things (IoT), have had an immense role in propelling the agricultural industry towards the fourth agricultural revolution. Blockchain and IoT can greatly improve the…
Bitcoin mining presents a significant economic incentive for efficient hashing and broadcast of data, both parameters stemming from the Proofs of Work used to advance the network. This incentive has led to the development of Bitcoin…
Blockchain technology is among the fastest-growing technologies in the world today. It has been adopted in diverse areas but mostly in financial systems, such as Bitcoin cryptocurrency. Therefore, it is a niche that has attracted interest…
Blockchain technology is ushering in another break-out year, the challenge of blockchain still remains to be solved. This paper analyzes the features of Bitcoin and Bitcoin-NG system based on blockchain, proposes an improved method of…
Exact queueing analysis of erasure networks with network coding in a finite buffer regime is an extremely hard problem due to the large number of states in the network. In such networks, packets are lost due to either link erasures or due…
This paper examines how wireless communication affects the performance of various blockchain consensus mechanisms, focusing on their scalability and decentralization. It introduces an analytical framework for quantifying these effects,…
Blockchain technology, with implications in the financial domain, offers data in the form of large-scale transaction networks. Analyzing transaction networks facilitates fraud detection, market analysis, and supports government regulation.…
Blockchain is a distributed ledger technology that has applications in many domains such as cryptocurrency, smart contracts, supply chain management, and many others. Distributed consensus is a fundamental component of blockchain systems…
In recent years, Byzantine Agreement is being considered in increasing scales due to the proliferation of blockchains and other decentralized financial technologies. Consequently, a number of works have improved its communication complexity…