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Blockchain protocols are inherently limited in transaction throughput and latency. Recent efforts to address performance and scale blockchains have focused on off-chain payment channels. While such channels can achieve low latency and high…

Cryptography and Security · Computer Science 2017-03-09 Joshua Lind , Ittay Eyal , Peter Pietzuch , Emin Gün Sirer

Blockchain validators can reduce block processing time by exploiting multi-core CPUs, but deterministic execution must preserve a given total order while respecting transaction conflicts and per-block runtime limits. This paper…

Distributed, Parallel, and Cluster Computing · Computer Science 2026-02-04 Arivarasan Karmegam , Lucianna Kiffer , Antonio Fernández Anta

Sharding is a promising technique for addressing the scalability issues of blockchain, and this technique is especially important for IoT, edge, or mobile computing. It divides the $n$ participating nodes into $s$ disjoint groups called…

Distributed, Parallel, and Cluster Computing · Computer Science 2025-01-20 Ramesh Adhikari , Costas Busch , Miroslav Popovic

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,…

Trading and Market Microstructure · Quantitative Finance 2023-10-20 Nikolaus Hautsch , Christoph Scheuch , Stefan Voigt

Blockchain is a technology that provides a distributed ledger that stores previous records while maintaining consistency and security. Bitcoin is the first and largest decentralized electronic cryptographic system that uses blockchain…

Cryptography and Security · Computer Science 2021-11-05 Befekadu G. Gebraselase , Bjarne E. Helvik , Yuming Jiang

This article considered deficiencies of the flourishing blockchain technology manifested by the development of quantum computation. We show that the future blockchain technology would under constant threats from the following aspects: 1)…

Cryptography and Security · Computer Science 2020-11-09 Wei Cui , Tong Dou , Shilu Yan

The long-term success of cryptocurrencies largely depends on the incentive compatibility provided to the validators. Bribery attacks, facilitated trustlessly via smart contracts, threaten this foundation. This work introduces, implements,…

Cryptography and Security · Computer Science 2026-01-14 Bence Soóki-Tóth , István András Seres , Kamilla Kara , Ábel Nagy , Balázs Pejó , Gergely Biczók

Financial fraud cases are on the rise even with the current technological advancements. Due to the lack of inter-organization synergy and because of privacy concerns, authentic financial transaction data is rarely available. On the other…

Blockchain's decentralization, transparency, and tamper-resistance properties have facilitated the system's use in various application fields. However, the low throughput and high confirmation latency hinder the widespread adoption of…

Cryptography and Security · Computer Science 2024-09-12 Md Mohaimin Al Barat , Shaoyu Li , Changlai Du , Y. Thomas Hou , Wenjing Lou

The traceable execution of business processes and choreographies using smart contracts is one prominent application of blockchain technology in Business Process Management (BPM). Existing approaches support a large set of patterns, modeling…

Software Engineering · Computer Science 2021-04-19 Jan Ladleif , Mathias Weske

Bitcoin stands as a groundbreaking development in decentralized exchange throughout human history, enabling transactions without the need for intermediaries. By leveraging cryptographic proof mechanisms, Bitcoin eliminates the reliance on…

Cryptography and Security · Computer Science 2024-04-09 Han Song , Yihao Wei , Zhongche Qu , Weihan Wang

Many studies have been done to improve the performance of centrally controlled business processes and enhance the integration between different parties of these collaborations. However, the most serious issues of collaborative business…

Cryptography and Security · Computer Science 2019-04-12 Vahid Pourheidari , Sara Rouhani , Ralph deters

The use of blockchains is growing every day, and their utility has greatly expanded from sending and receiving crypto-coins to smart-contracts and decentralized autonomous organizations. Modern blockchains underpin a variety of…

Cryptography and Security · Computer Science 2018-06-19 Tooba Faisal , Nicolas Courtois , Antoaneta Serguieva

Blockchain based systems allow various kinds of financial transactions to be executed in a decentralized manner. However, these systems often rely on a trusted third party (oracle) to get correct information about the real-world events,…

Artificial Intelligence · Computer Science 2020-07-28 Naman Goel , Cyril van Schreven , Aris Filos-Ratsikas , Boi Faltings

Most of today's online services (e.g., social networks, search engines, market places) are centralized, which is recognized as unsatisfactory by a majority of users for various reasons (e.g., centralized governance, censorship, loss of…

Distributed, Parallel, and Cluster Computing · Computer Science 2022-02-08 Kadir Korkmaz , Joachim Bruneau-Queyreix , Sonia Ben Mokthar , Laurent Réveillère

Decentralized services are increasingly being developed and their Decentralized applications are increasingly developed but their performance metrics are not tested enough. The total number of transactions that can be supported by the…

Distributed, Parallel, and Cluster Computing · Computer Science 2021-05-04 Melih Birim , Hüseyin Emre Ari , Enis Karaarslan

Bitcoin and Ethereum, whose miners arguably collectively comprise the most powerful computational resource in the history of mankind, offer no more power for processing and verifying transactions than a typical smart phone. The system…

Cryptography and Security · Computer Science 2019-08-14 Jason Teutsch , Christian Reitwießner

The efficiency of decentralized book systems like Bitcoin and Ethereum has always been a challenge. It is usually measured by three major factors: scalability, throughput, and latency. Scalability refers to how the system capacity is…

Distributed, Parallel, and Cluster Computing · Computer Science 2019-03-11 Nate Zou , Eric Li , Henry Zhang

Hyperledger Fabric is a popular permissioned blockchain system that features a highly modular and extensible system for deploying permissioned blockchains which are expected to have a major effect on a wide range of sectors. Unlike…

Distributed, Parallel, and Cluster Computing · Computer Science 2023-01-18 Helmi Trabelsi , Kaiwen Zhang

Many of today's crypto currencies use blockchains as decentralized ledgers and secure them with proof of work. In case of a fork of the chain, Bitcoin's rule for achieving consensus is selecting the longest chain and discarding the other…

Cryptography and Security · Computer Science 2018-08-13 Fabian Ritz , Alf Zugenmaier