Related papers: CoVer: Collaborative Light-Node-Only Verification …
This paper presents an approach to using decentralized distributed digital (DDD) ledgers like blockchain with multi-level verification. In regular DDD ledgers like Blockchain, only a single level of verification is available, which makes it…
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…
In recent years, many Blockchain based frameworks for transacting commodities on a congestible network have been proposed. In particular, as the number of controllable grid connected assets increases, there is a need for a decentralized,…
A blockchain and smart contract enabled security mechanism for IoT applications has been reported recently for urban, financial, and network services. However, due to the power-intensive and a low-throughput consensus mechanism in existing…
Blockchain has received tremendous attention as a secure, distributed, and anonymous framework for the Internet of Things (IoT). As a distributed system, blockchain trades off scalability for distribution, which limits the technologys…
Cryptocurrency exchanges use proofs of liabilities (PoLs) to prove to their customers their liabilities committed on-chain, thereby enhancing their trust in the service. Unfortunately, a close examination of currently deployed and academic…
Privacy-preserving blockchain systems are essential for protecting transaction data, yet they must also provide auditability that enables auditors to recover participant identities and transaction amounts when warranted. Existing designs…
Distributed ledger technology has gained wide popularity and adoption since the emergence of bitcoin in 2008 which is based on proof of work (PoW). It is a distributed, transparent and immutable database of records of all the transactions…
This paper presents a mathematically rigorous formal analysis of Simplified Payment Verification (SPV) clients, as specified in Section 8 of the original Bitcoin white paper, versus non-mining full nodes operated by home users. It defines…
As blockchain technology and cryptocurrency become increasingly mainstream, ever-increasing energy costs required to maintain the computational power running these decentralized platforms create a market for more energy-efficient hardware.…
Despite their development for over a decade, a key problem blockchains are still facing is scalability in terms of throughput, typically limited to a few transactions per second. A fundamental factor limiting this metric is the propagation…
Voting is a very important issue which can be beneficial in term of choosing the right leader in an election. A good leader can bring prosperity to a country and also can lead the country in the right direction every time. However,…
Blockchains rely on a consensus among participants to achieve decentralization and security. However, reaching consensus in an online, digital world where identities are not tied to physical users is a challenging problem. Proof-of-work…
The blockchain technology enables mutually untrusting participants to reach consensus on the state of a distributed and decentralized ledger (called a blockchain) in a permissionless setting. The consensus protocol of the blockchain imposes…
Current blockchain technologies provide very limited means of interoperability. In particular, solutions enabling blockchains to verify the existence of data on other blockchains are either very costly or are not fully decentralized. To…
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…
A major issue for many applications of blockchain technology is the tension between immutability and compliance to regulations. For instance, the GDPR in the EU requires to guarantee, under some circumstances, the right to be forgotten.…
Blockchain is a novel technology that is rising a lot of interest in the industrial and re- search sectors because its properties of decentralisation, immutability and data integrity. Initially, the underlying consensus mechanism has been…
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,…
Proof of Work (PoW) blockchains burn a lot of energy. Proof-of-work algorithms are expensive by design and often only serve to compute blockchains. In some sense, carbon-based and non-carbon based regional electric power is fungible. So the…