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Proof of Stake (PoS) is a burgeoning Sybil resistance mechanism that aims to have a digital asset ("token") serve as security collateral in crypto networks. However, PoS has so far eluded a comprehensive threat model that encompasses both…

General Finance · Quantitative Finance 2020-02-05 Tarun Chitra

Decentralization is a key indicator for the evaluation of public blockchains. In the past, there have been very few studies on measuring and comparing the actual level of decentralization between Proof-of-Work (PoW) blockchains and…

Cryptography and Security · Computer Science 2021-02-03 Chao Li , Balaji Palanisamy

Blockchain protocols implement total-order broadcast in a permissionless setting, where processes can freely join and leave. In such a setting, to safeguard against Sybil attacks, correct processes rely on cryptographic proofs tied to a…

Cryptography and Security · Computer Science 2022-11-23 Sarah Azouvi , Christian Cachin , Duc V. Le , Marko Vukolic , Luca Zanolini

Decentralization is a foundational principle of permissionless blockchains, with consensus mechanisms serving a critical role in its realization. This study quantifies the decentralization of consensus mechanisms in proof-of-stake (PoS)…

Distributed, Parallel, and Cluster Computing · Computer Science 2025-04-22 Shashank Motepalli , Hans-Arno Jacobsen

The protocol for cryptocurrencies can be divided into three parts, namely consensus, wallet, and networking overlay. The aim of the consensus part is to bring trustless rational peer-to-peer nodes to an agreement to the current status of…

Cryptography and Security · Computer Science 2020-06-23 Sangjun Park , Haeung Choi , Heung-No Lee

We lay the foundations for a blockchain scheme, whose consensus is reached via a proof of work algorithm based on the solution of consecutive discrete logarithm problems over the point group of elliptic curves. In the considered…

Cryptography and Security · Computer Science 2021-11-19 Alessio Meneghetti , Massimiliano Sala , Daniele Taufer

Permissionless blockchains such as Bitcoin have long been criticized for their high computational and storage overhead. Unfortunately, while a number of proposals address the energy consumption of existing Proof-of-Work deployments, little…

Cryptography and Security · Computer Science 2022-07-01 Alessandro Sforzin , Matteo Maso , Claudio Soriente , Ghassan Karame

Collaborative learning (CL) enables multiple participants to jointly train machine learning (ML) models on decentralized data sources without raw data sharing. While the primary goal of CL is to maximize the expected accuracy gain for each…

Machine Learning · Computer Science 2025-10-02 Nurbek Tastan , Samuel Horvath , Karthik Nandakumar

Bitcoin is the most successful cryptocurrency so far. This is mainly due to its novel consensus algorithm, which is based on proof-of-work combined with a cryptographically-protected data structure and a rewarding scheme that incentivizes…

Cryptography and Security · Computer Science 2019-05-24 Pawel Szalachowski , Daniel Reijsbergen , Ivan Homoliak , Siwei Sun

Proof-of-Stake (PoS) is a prominent Sybil control mechanism for blockchain-based systems. In "e-PoS: Making PoS Decentralized and Fair," Saad et al. (TPDS'21) introduced a new Proof-of-Stake protocol, e-PoS, to enhance PoS applications'…

Cryptography and Security · Computer Science 2025-04-25 Suhyeon Lee , Seungjoo Kim

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

Blockchain has widely been adopted to design accountable federated learning frameworks; however, the existing frameworks do not scale for distributed model training over multiple independent blockchain networks. For storing the pre-trained…

Distributed, Parallel, and Cluster Computing · Computer Science 2022-04-15 Sarthak Chakraborty , Sandip Chakraborty

Owing to some special characteristics and features, blockchain is a very useful technique that can securely organize diverse devices in a smart city. It finds wide applications, especially in distributed environments, where entities such as…

Cryptography and Security · Computer Science 2021-04-01 Jiahui Chen , Wensheng Gan , Muchuang Hu , Chien-Ming Chen

We consider a project (model) owner that would like to train a model by utilizing the local private data and compute power of interested data owners, i.e., trainers. Our goal is to design a data marketplace for such decentralized…

Cryptography and Security · Computer Science 2023-02-28 Baturalp Buyukates , Chaoyang He , Shanshan Han , Zhiyong Fang , Yupeng Zhang , Jieyi Long , Ali Farahanchi , Salman Avestimehr

Message exchange among vehicles plays an important role in ensuring road safety. Emergency message dissemination is usually carried out by broadcasting. However, high vehicle density and mobility usually lead to challenges in message…

Cryptography and Security · Computer Science 2021-09-15 Ferheen Ayaz , Zhengguo Sheng , Daxin Tian , Yong Liang Guan

We propose a blockchain architecture in which mining requires a quantum computer. The consensus mechanism is based on proof of quantum work, a quantum-enhanced alternative to traditional proof of work that leverages quantum supremacy to…

We improve the fundamental security threshold of eventual consensus Proof-of-Stake (PoS) blockchain protocols under the longest-chain rule by showing, for the first time, the positive effect of rounds with concurrent honest leaders. Current…

Distributed, Parallel, and Cluster Computing · Computer Science 2020-07-30 Aggelos Kiayias , Saad Quader , Alexander Russell

Blockchain is rapidly emerging as an important class of network application, with a unique set of trust, security and transparency properties. In a blockchain system, participants record and update the `server-side' state of an application…

Networking and Internet Architecture · Computer Science 2022-05-24 Yifan Mao , Shaileshh Bojja Venkatakrishnan

Blockchain protocols differ in fundamental ways, including the mechanics of selecting users to produce blocks (e.g., proof-of-work vs. proof-of-stake) and the method to establish consensus (e.g., longest chain rules vs. Byzantine…

Distributed, Parallel, and Cluster Computing · Computer Science 2021-02-05 Andrew Lewis-Pye , Tim Roughgarden

Proof-of-Work (PoW) is a fundamental underlying technology behind most major blockchain cryptocurrencies. It has been previously pointed out that quantum devices provide a computational advantage in performing PoW in the context of Bitcoin.…

Quantum Physics · Physics 2021-05-06 Dan A. Bard , Joseph J. Kearney , Carlos A. Perez-Delgado