Related papers: QuickSync: A Quickly Synchronizing PoS-Based Block…
Smart Grids and Industry 4.0 (I4.0) are neither a dream nor a near-future thing anymore, rather it is happening now. The integration of more and more embedded systems and IoT devices is pushing smart grids and I4.0 forward at a breakneck…
Increasing popularity of trading digital assets can lead to significant delays in Blockchain networks when processing transactions. When transaction fees become miners' primary revenue, an imbalance in reward may lead to miners adopting…
For Nakamoto's longest-chain consensus protocol, whose proof-of-work (PoW) and proof-of-stake (PoS) variants power major blockchains such as Bitcoin and Cardano, we revisit the classic problem of the security-performance tradeoff: Given a…
In a PoW-based blockchain network, mining pools (the solo miner could be regarded as a mining pool containing one miner) compete to successfully mine blocks to pursue rewards. Generally, the rewards include the fixed block subsidies and…
Sharding enhances blockchain scalability by dividing the network into shards, each managing specific unspent transaction outputs or accounts. As an introduced new transaction type, cross-shard transactions pose a critical challenge to the…
We previously proposed a cross-referencing method for enabling multiple peer-to-peer network domains to manage their own public blockchains and periodically exchanging the state of the latest fixed block in the blockchain with hysteresis…
The blocks in the Bitcoin blockchain record the amount of work W that went into creating them through proofs of work. When honest parties control a majority of the work, consensus is achieved by picking the chain with the highest recorded…
The blockchain has found numerous applications in many areas with the expectation to significantly enhance their security. The Internet of things (IoT) constitutes a prominent application domain of blockchain, with a number of architectures…
Bitcoin is a peer-to-peer payment system proposed by Nakamoto in 2008. Properties of the bitcoin backbone protocol have been investigated in some depth: the blockchain growth property quantifies the number of blocks added to the blockchain…
The developed system aims to incorporate a private blockchain technology in the procurement process for the supply office. The procurement process includes the canvassing, purchasing, delivery and inspection of items, inventory, and…
Proof-of-Work (PoW) is the most widely adopted incentive model in current blockchain systems, which unfortunately is energy inefficient. Proof-of-Stake (PoS) is then proposed to tackle the energy issue. The rich-get-richer concern of PoS…
We present a novel framework for analyzing blockchain consensus mechanisms by modeling blockchain growth as a Partially Observable Stochastic Game (POSG) which we reduce to a set of Partially Observable Markov Decision Processes (POMDPs)…
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…
Smart contracts are stateful programs deployed on blockchains; they secure over a trillion dollars in transaction value per year. High-stakes smart contracts often rely on timely alerts about external events, but prior work has not analyzed…
This paper presents $\mathit{wChain}$, a blockchain protocol specifically designed for multihop wireless networks that deeply integrates wireless communication properties and blockchain technologies under the realistic SINR model. We adopt…
A blockchain is a decentralized ledger where all transactions are recorded. For having a reliable blockchain and double-spending prevention, we need a decentralized consensus and agreement on a blockchain. Bitcoin uses proof-of-work (PoW).…
Existing permissioned blockchain systems designate a fixed and explicit group of committee nodes to run a consensus protocol that confirms the same sequence of blocks among all nodes. Unfortunately, when such a permissioned blockchain runs…
A problem of developing the consensus protocols in public blockchain systems which spend a combination of energy and space resources is addressed. A technique is proposed that provides a flexibility for selection of the energy and space…
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…
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…