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Due to the open-source nature of the blockchain ecosystem, it is common for new blockchains to fork or partially reuse the code of classic blockchains. For example, the popular Dogecoin, Litecoin, Binance BSC, and Polygon are all variants…

Cryptography and Security · Computer Science 2023-02-22 Xiao Yi , Yuzhou Fang , Daoyuan Wu , Lingxiao Jiang

The Ethereum blockchain is essentially a globally replicated public database. Programs called smart contracts can access this database. Over 10 million smart contracts have been deployed on the Ethereum blockchain. Executing a method of a…

Software Engineering · Computer Science 2019-07-23 Pieter Hartel , Mark van Staalduinen

With the rapid growth of blockchain, an increasing number of users have been attracted and many implementations have been refreshed in different fields. Especially in the cryptocurrency investment field, blockchain technology has shown…

Cryptography and Security · Computer Science 2021-04-20 Shanqing Yu , Jie Jin , Yunyi Xie , Jie Shen , Qi Xuan

The beacon chain is the backbone of the Ethereum's evolution towards a proof-of-stake-based scalable network. Beacon clients are the applications implementing the services required to operate the beacon chain, namely validators, beacon…

Cryptography and Security · Computer Science 2021-09-27 Jean-Philippe Aumasson , Denis Kolegov , Evangelia Stathopoulou

Cross-chain bridges are a type of middleware for blockchain interoperability that supports the transfer of assets and data across blockchains. However, several of these bridges have vulnerabilities that have caused 3.2 billion dollars in…

Cryptography and Security · Computer Science 2025-09-09 André Augusto , Rafael Belchior , Jonas Pfannschmidt , André Vasconcelos , Miguel Correia

In recent years, the tendency of the number of financial institutions including cryptocurrencies in their portfolios has accelerated. Cryptocurrencies are the first pure digital assets to be included by asset managers. Although they have…

Trading and Market Microstructure · Quantitative Finance 2022-01-31 Fan Fang , Carmine Ventre , Michail Basios , Leslie Kanthan , Lingbo Li , David Martinez-Regoband , Fan Wu

Between 2021 and 2023, crypto assets valued at over \$US2.6 billion were stolen via attacks on "bridges" -- decentralized services designed to allow inter-blockchain exchange. While the individual exploits in each attack vary, a single…

Cryptography and Security · Computer Science 2026-04-21 Enze Liu , Elisa Luo , Jian Chen Yan , Katherine Izhikevich , Stewart Grant , Deian Stefan , Geoffrey M Voelker , Stefan Savage

Cryptocurrencies are considered relevant assets and they are currently used as an investment or to carry out transactions. However, specific characteristics commonly associated with the cryptocurrencies such as irreversibility,…

Cryptography and Security · Computer Science 2023-11-30 Hugo Almeida , Pedro Pinto , Ana Fernández Vilas

In this paper, we present the first large-scale empirical study of smart contract dependencies, analyzing over 41 million contracts and 11 billion interactions on Ethereum up to December 2024. Our results yield four key insights: (1) 59% of…

Software Engineering · Computer Science 2025-04-03 Monica Jin , Raphina Liu , Martin Monperrus

Smart contracts are Turing-complete programs running on the blockchain. They cannot be modified, even when bugs are detected. The Selfdestruct function is the only way to destroy a contract on the blockchain system and transfer all the…

Software Engineering · Computer Science 2020-10-07 Jiachi Chen

Cryptocurrencies offer an alternative to traditional methods of electronic value exchange, promising anonymous, cash-like electronic transfers, but in practice they fall short for several key reasons. We consider the false choice between…

Computers and Society · Computer Science 2019-06-05 Geoff Goodell , Tomaso Aste

Quantum computation represents a threat to many cryptographic protocols in operation today. It has been estimated that by 2035, there will exist a quantum computer capable of breaking the vital cryptographic scheme RSA2048. Blockchain…

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

The set of distributed ledger architectures known as blockchain is best known for cryptocurrency applications such as Bitcoin and Ethereum. These permissionless block chains are showing the potential to be disruptive to the financial…

Distributed, Parallel, and Cluster Computing · Computer Science 2019-01-31 Sara Rouhani , Luke Butterworth , Adam D. Simmons , Darryl G. Humphery , Ralph Deters

Smart contracts are programs running on cryptocurrency (e.g., Ethereum) blockchains, whose popularity stem from the possibility to perform financial transactions, such as payments and auctions, in a distributed environment without need for…

Cryptography and Security · Computer Science 2018-04-24 Ilya Grishchenko , Matteo Maffei , Clara Schneidewind

Ethereum has emerged as a dynamic platform for exchanging cryptocurrency tokens. While token crowdsales cannot simultaneously guarantee buyers both certainty of valuation and certainty of participation, we show that if each token buyer…

Theoretical Economics · Economics 2019-08-14 Jason Teutsch , Vitalik Buterin , Christopher Brown

Recent years have witnessed explosive growth in blockchain smart contract applications. As smart contracts become increasingly popular and carry trillion dollars worth of digital assets, they become more of an appealing target for…

Software Engineering · Computer Science 2023-04-26 Peng Qian , Jianting He , Lingling Lu , Siwei Wu , Zhipeng Lu , Lei Wu , Yajin Zhou , Qinming He

In this paper, we explore remarkable similarities between multi-transactional behaviors of smart contracts in cryptocurrencies such as Ethereum and classical problems of shared-memory concurrency. We examine two real-world examples from the…

Distributed, Parallel, and Cluster Computing · Computer Science 2017-02-21 Ilya Sergey , Aquinas Hobor

A smart contract that is deployed to a blockchain system like Ethereum is, under reasonable circumstances, expected to be immutable and tamper-proof. This is both a feature (promoting integrity and transparency) and a bug (preventing…

Cryptography and Security · Computer Science 2022-06-03 Mehdi Salehi , Jeremy Clark , Mohammad Mannan

Liquid staking has become the largest category of decentralized finance protocols in terms of total value locked. However, few studies exist on its implementation designs or underlying risks. The liquid staking protocols allow for earning…

Cryptography and Security · Computer Science 2024-01-30 Krzysztof Gogol , Benjamin Kraner , Malte Schlosser , Tao Yan , Claudio Tessone , Burkhard Stiller

Recently, blockchain technology has become a topic in the spotlight but also a hotbed of various cybercrimes. Among them, phishing scams on blockchain have been found making a notable amount of money, thus emerging as a serious threat to…

Social and Information Networks · Computer Science 2021-01-01 Jiajing Wu , Qi Yuan , Dan Lin , Wei You , Weili Chen , Chuan Chen , Zibin Zheng