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Mining blocks in a blockchain using the \textit{Proof-of-Work} consensus protocol involves significant risk, as network participants face continuous operational costs while earning infrequent capital gains upon successfully mining a block.…

Cryptography and Security · Computer Science 2025-11-19 Pierre-Olivier Goffard , Hansjoerg Albrecher , Jean-Pierre Fouque

Multi-party data management and blockchain systems require data sharing among participants. To provide resilient and consistent data sharing, transactions engines rely on Byzantine FaultTolerant consensus (BFT), which enables operations…

Databases · Computer Science 2021-02-24 Suyash Gupta , Jelle Hellings , Sajjad Rahnama , Mohammad Sadoghi

Proof-of-stake (PoS) has emerged as a natural alternative to the resource-intensive Proof-of-Work (PoW) blockchain, as was recently seen with the Ethereum Merge. PoS-based blockchains require an initial stake distribution among the…

Computer Science and Game Theory · Computer Science 2024-04-16 Varul Srivastava , Sankarshan Damle , Sujit Gujar

The Nakamoto longest chain protocol is remarkably simple and has been proven to provide security against any adversary with less than 50% of the total hashing power. Proof-of-stake (PoS) protocols are an energy efficient alternative;…

Cryptography and Security · Computer Science 2020-02-25 Vivek Bagaria , Amir Dembo , Sreeram Kannan , Sewoong Oh , David Tse , Pramod Viswanath , Xuechao Wang , Ofer Zeitouni

Accountability, the ability to provably identify protocol violators, gained prominence as the main economic argument for the security of proof-of-stake (PoS) protocols. Rollups, the most popular scaling solution for blockchains, typically…

Cryptography and Security · Computer Science 2022-11-08 Ertem Nusret Tas , John Adler , Mustafa Al-Bassam , Ismail Khoffi , David Tse , Nima Vaziri

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

This paper proposes a new paradigm: generative blockchain, which aims to transform conventional blockchain technology by combining transaction generation and recording, rather than focusing solely on transaction recording. Central to our…

Cryptography and Security · Computer Science 2024-08-27 Haozhao Zhang , Zhe Zhang , Zhiqiang Zheng , Varghese Jacob

Authcoin is an alternative approach to the commonly used public key infrastructures such as central authorities and the PGP web of trust. It combines a challenge response-based validation and authentication process for domains,…

Cryptography and Security · Computer Science 2016-09-19 Benjamin Leiding , Clemens H. Cap , Thomas Mundt , Samaneh Rashidibajgan

In the area of blockchain, numerous methods have been proposed for suppressing intentional forks by attackers more effectively than the random rule. However, all of them, except for the random rule, require major updates, rely on a trusted…

Cryptography and Security · Computer Science 2025-01-03 Akira Sakurai , Kazuyuki Shudo

Proof of Work (PoW) blockchains are susceptible to adversarial majority mining attacks in the early stages due to incipient participation and corresponding low net hash power. Bootstrapping ensures safety and liveness during the transient…

Cryptography and Security · Computer Science 2022-08-24 Ranvir Rana , Dimitris Karakostas , Sreeram Kannan , Aggelos Kiayias , Pramod Viswanath

Skill verification is a central problem in workforce hiring. Companies and academia often face the difficulty of ascertaining the skills of an applicant since the certifications of the skills claimed by a candidate are generally not…

Cryptography and Security · Computer Science 2020-03-26 Jay Gupta , Swaprava Nath

As smart contract platforms autonomously manage billions of dollars of capital, quantifying the portfolio risk that investors engender in these systems is increasingly important. Recent work illustrates that Proof of Stake (PoS) is…

General Finance · Quantitative Finance 2020-06-22 Tarun Chitra , Alex Evans

The sharing economy is centralizing services, leading to misuses of the Internet. We can list growing damages of data hacks, global outages and even the use of data to manipulate their owners. Unfortunately, there is no decentralized web…

Distributed, Parallel, and Cluster Computing · Computer Science 2022-03-24 Deepal Tennakoon , Yiding Hua , Vincent Gramoli

The paper examines decentralized cryptocurrency protocols that are based on the use of internal tokens as identity tools. An analysis of security problems with popular Proof-of-stake consensus protocols is provided. A new protocol,…

Cryptography and Security · Computer Science 2016-01-12 Alexander Chepurnoy

Smart contracts enable users to execute payments depending on complex program logic. Ethereum is the most notable example of a blockchain that supports smart contracts leveraged for countless applications including games, auctions and…

Cryptography and Security · Computer Science 2022-10-14 Tommaso Frassetto , Patrick Jauernig , David Koisser , David Kretzler , Benjamin Schlosser , Sebastian Faust , Ahmad-Reza Sadeghi

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

Proof-of-stake blockchain protocols are becoming one of the most promising alternatives to the energy-consuming proof-of-work protocols. However, one particularly critical threat in the PoS setting is the well-known long-range attacks…

Cryptography and Security · Computer Science 2019-10-16 Xinyu Li , Jing Xu , Xiong Fan , Yuchen Wang , Zhenfeng Zhang

Attribute-Based Encryption (ABE) is a promising solution for access control in cloud services. However, the heavy decryption overhead hinders its widespread adoption. A general approach to address this issue is to outsource decryption to…

Cryptography and Security · Computer Science 2024-11-07 Dongliang Cai , Borui Chen , Liang Zhang , Kexin Li , Haibin Kan

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

In the field of energy Internet, blockchain-based distributed energy trading mode is a promising way to replace the traditional centralized trading mode. However, the current power blockchain platform based on public chain has problems such…

Distributed, Parallel, and Cluster Computing · Computer Science 2023-10-12 Lianghaojie Zhou , Youquan Xian , Yipeng Yang , Jianyong Jiang , Peng Liu , Xianxian Li