Related papers: SoK: Diving into DAG-based Blockchain Systems
This paper is a Systematization of Knowledge (SoK) on Directed Acyclic Graph (DAG)-based consensus protocols, analyzing their performance and trade-offs within the framework of consistency, availability, and partition tolerance inspired by…
Blockchain technology has been revolutionizing many fields since last decade. Its true potential is not practically utilized yet. In a very short period of time, it has evolved twice - Smart contracts and Directed Acyclic Graph (DAG). DAG…
In the past decade, blockchain has emerged as a promising solution for building secure distributed ledgers and has attracted significant attention. However, current blockchain systems suffer from limited throughput, poor scalability, and…
Blockchain is maintained as a global log between a network of nodes and uses cryptographic distributed protocols to synchronize the updates. As adopted by Bitcoin and Ethereum these update operations to the ledger are serialized, and…
We propose a novel consensus protocol based on a hybrid approach, that combines a directed acyclic graph (DAG) and a classical chain of blocks. This architecture allows us to enforce collective block construction, minimising the…
Directed Acyclic Graph (DAG) is a popular approach to achieve scalability of blockchain networks. Due to its high efficiency in data communication and great scalability, DAG has been widely adopted in many applications such as Internet of…
Direct Acyclic Graph (DAG)-based ledger and the corresponding consensus algorithm has been identified as a promising technology for Internet of Things (IoT). Compared with Proof-of-Work (PoW) and Proof-of-Stake (PoS) that have been widely…
Due to the distributed nature of federated learning (FL), the vulnerability of the global model and the need for coordination among many client devices pose significant challenges. As a promising decentralized, scalable and secure solution,…
Due to the distributed characteristics of Federated Learning (FL), the vulnerability of global model and coordination of devices are the main obstacle. As a promising solution of decentralization, scalability and security, leveraging…
Directed Acyclic Graph (DAG)-based Distributed Ledger Technologies (DLTs) have emerged as a promising solution to the scalability issues inherent in traditional blockchains. However, amidst the focus on scalability, the crucial aspect of…
Blockchain has been widely deployed in various sectors, such as finance, education, and public services. Since blockchain runs as an immutable distributed ledger, it has decentralized mechanisms with persistency, anonymity, and…
Distributed Ledger Technologies provide a mechanism to achieve ordering among transactions that are scattered on multiple participants with no prerequisite trust relations. This mechanism is essentially based on the idea of new transactions…
Blockchain has been regarded as a promising technology for Internet of Things (IoT), since it provides significant solutions for decentralized network which can address trust and security concerns, high maintenance cost problem, etc. The…
This paper investigates the issue of fairness in Distributed Ledger Technology (DLT), specifically focusing on the shortcomings observed in current blockchain systems due to Miner Extractable Value (MEV) phenomena and systemic…
Bitcoin is a decentralised digital currency that serves as an alternative to existing transaction systems based on an external central authority for security. Although Bitcoin has many desirable properties, one of its fundamental…
With the rise of cryptocurrencies, many new applications built on decentralized blockchains have emerged. Blockchains are full-stack distributed systems where multiple sub-systems interact. While many deployed blockchains and decentralized…
Order fairness in distributed ledgers refers to properties that relate the order in which transactions are sent or received to the order in which they are eventually finalized, i.e., totally ordered. The study of such properties is…
A recent approach to building consensus protocols on top of Directed Acyclic Graphs (DAGs) shows much promise due to its simplicity and stable throughput. However, as each node in the DAG typically includes a linear number of references to…
This paper discusses congestion control and inconsistency problems in DAG-based distributed ledgers and proposes an additional filter to mitigate these issues. Unlike traditional blockchains, DAG-based DLTs use a directed acyclic graph…
Blockchain's decentralization, transparency, and tamper-resistance properties have facilitated the system's use in various application fields. However, the low throughput and high confirmation latency hinder the widespread adoption of…