Related papers: Stochastic modelling of blockchain consensus
We investigate signed networks with community structure with respect to their spectrum and their evolution under a dynamical model of structural balance, a prominent theory of signed social networks. The spectrum of the adjacency matrix…
Public blockchains have spurred the growing popularity of decentralized transactions and smart contracts, but they exhibit limitations on the transaction throughput, storage, and computation. To avoid transaction gridlock, public…
The regulatory framework of cryptocurrencies (and, in general, blockchain tokens) is of paramount importance. This framework drives nearly all key decisions in the respective business areas. In this work, a computational model is proposed…
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…
The development of blockchain technologies has enabled the trustless execution of so-called smart contracts, i.e. programs that regulate the exchange of assets (e.g., cryptocurrency) between users. In a decentralized blockchain, the state…
The necessity of blockchain systems to remain decentralised limits current solutions to blockchain governance and dynamic management, forcing a trade-off between control and decentralisation. In light of the above, this work proposes a…
Natural forking in blockchain refers to a phenomenon that there are a set of blocks at one block height at the same time, implying that various nodes have different perspectives of the main chain. Natural forking might give rise to multiple…
This study provides essential insights into how diffusion processes unfold in complex networks, with a focus on cryptocurrency blockchains and infrastructure networks. The structural properties of these networks, such as hub-dominated,…
Policy decisions are increasingly dependent on the outcomes of simulations and/or machine learning models. The ability to share and interact with these outcomes is relevant across multiple fields and is especially critical in the disease…
A survey is given of approaches to the problem of distributed consensus, focusing particularly on methods based on cellular automata and related systems. A variety of new results are given, as well as a history of the field and an extensive…
Proof-of-Stake systems randomly choose, on each round, one of the participants as a consensus leader that extends the chain with the next block such that the selection probability is proportional to the owned stake. However, distributed…
The growing number of implementations of blockchain systems stands in stark contrast with still limited research on a systematic comparison of performance characteristics of these solutions. Such research is crucial for evaluating…
We discuss future directions of Blockchain as a collaborative value co-creation platform, in which network participants can gain extra insights that cannot be accessed when disconnected from the others. As such, we propose a decentralized…
Mathematically modelling diffusive and advective transport of particles in heterogeneous layered media is important to many applications in computational, biological and medical physics. While deterministic continuum models of such…
Distributed consensus protocols provide a mechanism for spreading information within clustered networks, allowing agents and clusters to make decisions without requiring direct access to the state of the ensemble. In this work, we propose a…
Though voting-based consensus algorithms in Blockchain outperform proof-based ones in energy- and transaction-efficiency, they are prone to incur wrong elections and bribery elections. The former originates from the uncertainties of…
The presented work continues the line of recent distributed computing communityefforts dedicated to the theoretical aspects of blockchains. This paper is the rst tospecify blockchains as a composition of abstract data types all together…
We study diffusion and consensus dynamics in a Network of Networks model. In this model, there is a collection of sub-networks, connected to one another using a small number of links. We consider a setting where the links between networks…
Stochastic processes can model many emerging phenomena on networks, like the spread of computer viruses, rumors, or infectious diseases. Understanding the dynamics of such stochastic spreading processes is therefore of fundamental interest.…
Dynamically distributed inflation is a common mechanism used to guide a blockchain's staking rate towards a desired equilibrium between network security and token liquidity. However, the high sensitivity of the annual percentage yield to…