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In blockchain systems, especially cryptographic currencies such as Bitcoin, the double-spending and Byzantine-general-like problem are solved by reaching consensus protocols among all nodes. The state-of-the-art protocols include…

Cryptography and Security · Computer Science 2018-08-02 Jianwen Chen , Kai Duan , Rumin Zhang , Liaoyuan Zeng , Wenyi Wang

For data privacy, system reliability, and security, Blockchain technologies have become more popular in recent years. Despite its usefulness, the blockchain is vulnerable to cyber assaults; for example, in January 2019 a 51% attack on…

Cryptography and Security · Computer Science 2022-12-20 D. Nancy Kirupanithi , A. Antonidoss , G. Subathra

Cross-chain bridges are essential decentralized applications (DApps) to facilitate interoperability between different blockchain networks. Unlike regular DApps, the functionality of cross-chain bridges relies on the collaboration of…

Cryptography and Security · Computer Science 2025-03-04 Jiajing Wu , Kaixin Lin , Dan Lin , Bozhao Zhang , Zhiying Wu , Jianzhong Su

With the rise of cryptocurrencies, many new applications built on decentralized blockchains have emerged. Blockchains are full-stack distributed systems where multiple sub-systems interact. While many deployed blockchains and decentralized…

Cryptography and Security · Computer Science 2025-12-16 Ivan Homoliak

In this paper, we propose two models for scaling the transaction throughput in Proof-of-Work (PoW) based blockchain networks. In the first approach, a mathematical model has derived for optimal transaction throughput for PoW based longest…

Distributed, Parallel, and Cluster Computing · Computer Science 2021-07-21 B Swaroopa Reddy , G V V Sharma

Blockchain (BC), the technology behind the Bitcoin cryptocurrency system, is starting to be adopted for ensuring enhanced security and privacy in the Internet of Things (IoT) ecosystem. Fervent research is currently being focused in both…

Cryptography and Security · Computer Science 2018-06-15 Mahdi H. Miraz , Maaruf Ali

In today's connected world, resource constrained devices are deployed for sensing and decision making applications, ranging from smart cities to environmental monitoring. Those recourse constrained devices are connected to create real-time…

Cryptography and Security · Computer Science 2020-01-22 Deepak Puthal , Saraju P. Mohanty , Venkata P. Yanambaka , Elias Kougianos

In September 2022, Ethereum transitioned from Proof-of-Work (PoW) to Proof-of-Stake (PoS) during "the merge" - making it the largest PoS cryptocurrency in terms of market capitalization. With this work, we present a comprehensive…

Distributed, Parallel, and Cluster Computing · Computer Science 2023-09-25 Dominic Grandjean , Lioba Heimbach , Roger Wattenhofer

Blockchain relay schemes enable cross-chain state proofs without requiring trusted intermediaries. This is achieved by applying the source blockchain's consensus validation protocol on the target blockchain. Existing chain relays allow for…

Cryptography and Security · Computer Science 2022-08-24 Martin Westerkamp , Maximilian Diez

Initial Coin Offerings (ICO) are public offers of new cryptocurrencies in exchange of existing ones, aimed to finance projects in the blockchain development arena. In the last 8 months of 2017, the total amount gathered by ICOs exceeded 4…

Computers and Society · Computer Science 2018-03-06 Gianni Fenu , Lodovica Marchesi , Michele Marchesi , Roberto Tonelli

Bitcoin is a popular cryptocurrency that records alltransactions in a distributed append-only public ledger calledblockchain. The security of Bitcoin heavily relies on the incentive-compatible proof-of-work (PoW) based distributed consensus…

Cryptography and Security · Computer Science 2018-06-05 Mauro Conti , Sandeep Kumar E , Chhagan Lal , Sushmita Ruj

Fault-tolerant distributed systems move the trust in a single party to a majority of parties participating in the protocol. This makes blockchain based crypto-currencies possible: they allow parties to agree on a total order of transactions…

Cryptography and Security · Computer Science 2023-03-15 Søren Eller Thomsen , Bas Spitters

Bitcoin is the first fully-decentralized permissionless blockchain protocol to achieve a high level of security, but at the expense of poor throughput and latency. Scaling the performance of Bitcoin has a been a major recent direction of…

Distributed, Parallel, and Cluster Computing · Computer Science 2023-02-20 Lei Yang , Xuechao Wang , Vivek Bagaria , Gerui Wang , Mohammad Alizadeh , David Tse , Giulia Fanti , Pramod Viswanath

As a disruptive technology that originates from cryptocurrency, blockchain provides a trusted platform to facilitate industrial IoT (IIoT) applications. However, implementing a blockchain platform in IIoT scenarios confronts various…

Cryptography and Security · Computer Science 2022-01-19 Qing Yang , Hao Wang , Xiaoxiao Wu , Taotao Wang , Shengli Zhang , Naijin Liu

The blockchain technology is believed by many to be a game changer in many application domains, especially financial applications. While the first generation of blockchain technology (i.e., Blockchain 1.0) is almost exclusively used for…

Cryptography and Security · Computer Science 2019-08-14 Huashan Chen , Marcus Pendleton , Laurent Njilla , Shouhuai Xu

As the indispensable trading platforms of the ecosystem, hundreds of cryptocurrency exchanges are emerging to facilitate the trading of digital assets. While, it also attracts the attentions of attackers. A number of scam attacks were…

Cryptography and Security · Computer Science 2020-03-17 Pengcheng Xia , Bowen Zhang , Ru Ji , Bingyu Gao , Lei Wu , Xiapu Luo , Haoyu Wang , Guoai Xu

Ethereum 2.0, as the preeminent smart contract blockchain platform, guarantees the precise execution of applications without third-party intervention. At its core, this system leverages the Proof-of-Stake (PoS) consensus mechanism, which…

General Economics · Economics 2025-08-11 Tao Yan , Shengnan Li , Benjamin Kraner , Luyao Zhang , Claudio J. Tessone

Cryptocurrencies have gained popularity due to their transparency, security, and accessibility compared to traditional financial systems, with Bitcoin, introduced in 2009, leading the market. Bitcoin's security relies on blockchain…

Cryptography and Security · Computer Science 2024-11-12 Dinitha Wijewardhana , Sugandima Vidanagamachchi , Nalin Arachchilage

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

Blockchain technology has attracted tremendous attention in both academia and capital market. However, overwhelming speculations on thousands of available cryptocurrencies and numerous initial coin offering (ICO) scams have also brought…

Distributed, Parallel, and Cluster Computing · Computer Science 2018-10-15 Wei Cai , Zehua Wang , Jason B. Ernst , Zhen Hong , Chen Feng , Victor C. M. Leung