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Quantum algorithms have demonstrated promising speed-ups over classical algorithms in the context of computational learning theory - despite the presence of noise. In this work, we give an overview of recent quantum speed-ups, revisit the…

Quantum Physics · Physics 2018-06-19 Alexander Poremba

In a previous paper, it was discussed whether Bitcoin and/or its blockchain could be considered a complex system and, if so, whether a chaotic one, a positive response raising concerns about the likelihood of Bitcoin/blockchain entering a…

Cryptography and Security · Computer Science 2019-11-12 Renato P. dos Santos , Melanie Swan

Proof-of-Stake blockchains based on a longest-chain consensus protocol are an attractive energy-friendly alternative to the Proof-of-Work paradigm. However, formal barriers to "getting the incentives right" were recently discovered, driven…

Computer Science and Game Theory · Computer Science 2023-10-31 Matheus V. X. Ferreira , S. Matthew Weinberg

This paper we define a new Puzzle called Proof-of-Interaction and we show how it can replace, in the Bitcoin protocol, the Proof-of-Work algorithm.

Cryptography and Security · Computer Science 2020-02-19 Jean-Philippe Abegg , Quentin Bramas , Thomas Noel

Recently, two attacks were presented against Proof-of-Stake (PoS) Ethereum: one where short-range reorganizations of the underlying consensus chain are used to increase individual validators' profits and delay consensus decisions, and one…

Cryptography and Security · Computer Science 2021-10-20 Caspar Schwarz-Schilling , Joachim Neu , Barnabé Monnot , Aditya Asgaonkar , Ertem Nusret Tas , David Tse

Consensus mechanism is the core technology for blockchain to ensure that transactions are executed in sequence. It also determines the decentralization, security, and efficiency of blockchain. Existing mechanisms all have certain…

Cryptography and Security · Computer Science 2025-01-03 Chenxi Xiong , Ting Yang , Yu Wang , Bing Dong

Mining is a central operation of all proof-of-work (PoW) based cryptocurrencies. The vast majority of miners today participate in "mining pools" instead of "solo mining" in order to lower risk and achieve a more steady income. However, this…

Computational Engineering, Finance, and Science · Computer Science 2022-12-15 Panagiotis Chatzigiannis , Foteini Baldimtsi , Igor Griva , Jiasun Li

Proof of Stake (PoS) protocols rely on voting mechanisms to reach consensus on the current state. If an enhanced majority of staking nodes, also called validators, agree on a proposed block, then this block is appended to the blockchain.…

Computer Science and Game Theory · Computer Science 2021-07-20 Stefanos Leonardos , Daniel Reijsbergen , Georgios Piliouras

A test of quantumness is a protocol that allows a classical verifier to certify (only) that a prover is not classical. We show that tests of quantumness that follow a certain template, which captures recent proposals such as (Kalai et al.,…

The rise of quantum computers exposes vulnerabilities in current public key cryptographic protocols, necessitating the development of secure post-quantum (PQ) schemes. Hence, we conduct a comprehensive study on various PQ approaches,…

Cryptography and Security · Computer Science 2023-10-19 Saleh Darzi , Kasra Ahmadi , Saeed Aghapour , Attila Altay Yavuz , Mehran Mozaffari Kermani

The emergence of quantum computing presents a formidable challenge to the security of blockchain systems. Traditional cryptographic algorithms, foundational to digital signatures, message encryption, and hashing functions, become vulnerable…

Cryptography and Security · Computer Science 2025-10-16 Yaser Baseri , Abdelhakim Hafid , Yahya Shahsavari , Dimitrios Makrakis , Hassan Khodaiemehr

Proof-of-Work~(PoW) based blockchains typically allocate only a tiny fraction (e.g., less than 1% for Ethereum) of the average interarrival time~($\mathbb{I}$) between blocks for validating transactions. A trivial increase in validation…

Cryptography and Security · Computer Science 2021-06-03 Sourav Das , Nitin Awathare , Ling Ren , Vinay Joseph Ribeiro , Umesh Bellur

Byzantine agreement, the underlying core of blockchain, aims to make every node in a decentralized network reach consensus. Classical Byzantine agreements unavoidably face two major problems. One is $1/3$ fault-tolerance bound, which means…

We show the following hold, unconditionally unless otherwise stated, relative to a random oracle: - There are NP search problems solvable by quantum polynomial-time machines but not classical probabilistic polynomial-time machines. - There…

Quantum Physics · Physics 2024-11-12 Takashi Yamakawa , Mark Zhandry

In current blockchain systems, full nodes that perform all of the available functionalities need to store the entire blockchain. In addition to the blockchain, full nodes also store a blockchain-summary, called the \emph{state}, which is…

Cryptography and Security · Computer Science 2022-07-14 Parikshit Hegde , Robert Streit , Yanni Georghiades , Chaya Ganesh , Sriram Vishwanath

Traditional cryptographic techniques, including token obfuscation, are increasingly vulnerable to quantum attacks due to advancements in quantum computing. Quantum algorithms such as Shor's and Grover's pose significant threats to classical…

Quantum Physics · Physics 2025-06-27 S. M. Yousuf Iqbal Tomal , Abdullah Al Shafin

A proof of quantumness is a method for provably demonstrating (to a classical verifier) that a quantum device can perform computational tasks that a classical device with comparable resources cannot. Providing a proof of quantumness is the…

Quantum Physics · Physics 2020-05-12 Zvika Brakerski , Venkata Koppula , Umesh Vazirani , Thomas Vidick

The distributed consensus mechanism is the backbone of the rapidly developing blockchain network. Blockchain platforms consume vast amounts of electricity based on the current consensus mechanism of Proof of Work. Here, we point out an…

Computers and Society · Computer Science 2022-01-19 Xiaoyang Shi , Hang Xiao , Weifeng Liu , Xi Chen , Klaus. S. Lackner , Vitalik Buterin , Thomas F. Stocker

Secure function evaluation is a two-party cryptographic primitive where Bob computes a function of Alice's and his respective inputs, and both hope to keep their inputs private from the other party. It has been proven that perfect (or near…

Quantum Physics · Physics 2022-03-17 Sarah Osborn , Jamie Sikora

Permissionless blockchains achieve consensus while allowing unknown nodes to join and leave the system at any time. They typically come in two flavors: proof of work (PoW) and proof of stake (PoS), and both are vulnerable to attacks. PoS…

Cryptography and Security · Computer Science 2026-01-12 Ali Farahbakhsh , Giuliano Losa , Youer Pu , Lorenzo Alvisi , Ittay Eyal
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