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The functionality that distributed ledger technology provides, i.e., an immutable and fraud-resistant registry with validation and verification mechanisms, has traditionally been implemented with a trusted third party. Due to the…

Distributed, Parallel, and Cluster Computing · Computer Science 2018-06-29 Thomas Locher , Sebastian Obermeier , Yvonne-Anne Pignolet

Smart Contracts are programs running logic in the Blockchain network by executing operations through immutable transactions. The Blockchain network validates such transactions, storing them into sequential blocks of which integrity is…

Software Engineering · Computer Science 2024-03-13 Francesco Salzano , Simone Scalabrino , Rocco Oliveto , Remo Pareschi

Federated learning (FL) is a promising way to allow multiple data owners (clients) to collaboratively train machine learning models without compromising data privacy. Yet, existing FL solutions usually rely on a centralized aggregator for…

Cryptography and Security · Computer Science 2022-11-09 Nanqing Dong , Jiahao Sun , Zhipeng Wang , Shuoying Zhang , Shuhao Zheng

Full nodes, which synchronize the entire blockchain history and independently validate all the blocks, form the backbone of any blockchain network by playing a vital role in ensuring security properties. On the other hand, a user running a…

Cryptography and Security · Computer Science 2019-07-01 Swanand Kadhe , Jichan Chung , Kannan Ramchandran

Decentralized cryptocurrencies feature the use of blockchain to transfer values among peers on networks without central agency. Smart contracts are programs running on top of the blockchain consensus protocol to enable people make…

Software Engineering · Computer Science 2018-08-06 Bo Jiang , Ye Liu , W. K. Chan

Derivatives are a special type of financial contracts used to hedge risks or to speculate on the market fluctuations. In order to avoid ambiguities and misinterpretations, several domain specific languages (DSLs) for specifying such…

Logic in Computer Science · Computer Science 2020-05-29 Andrei Arusoaie

We examine blockchain technologies, especially smart contracts, as a platform for decentralized applications. By providing a basis for consensus, blockchain promises to upend business models that presuppose a central authority. However,…

Computers and Society · Computer Science 2018-01-10 Munindar P. Singh , Amit K. Chopra

Machine Learning systems rely on data for training, input and ongoing feedback and validation. Data in the field can come from varied sources, often anonymous or unknown to the ultimate users of the data. Whenever data is sourced and used,…

Computers and Society · Computer Science 2019-04-08 Iain Barclay , Alun Preece , Ian Taylor , Dinesh Verma

A blockchain is a distributed ledger forming a distributed consensus on a history of transactions. It is the underlying technology for the Bitcoin cryptocurrency, but there are many applications beyond the financial sector. With built-in…

Cryptography and Security · Computer Science 2019-12-23 Nathaniel Aldred , Luke Baal , Graeham Broda , Steven Trumble , Qusay H. Mahmoud

Smart contracts are a special type of programs running inside a blockchain. Immutable and transparent, they provide means to implement fault-tolerant and censorship-resistant services. Unfortunately, its immutability causes a serious…

Logic in Computer Science · Computer Science 2018-12-04 Evgeniy Shishkin

Smart contracts are programs that execute inside blockchains such as Ethereum to manipulate digital assets. Since bugs in smart contracts may lead to substantial financial losses, there is considerable interest in formally proving their…

Programming Languages · Computer Science 2021-09-10 Christian Bräm , Marco Eilers , Peter Müller , Robin Sierra , Alexander J. Summers

A bug or error is a common problem that any software or computer program may encounter. It can occur from badly writing the program, a typing error or bad memory management. However, errors can become a significant issue if the unsafe…

Programming Languages · Computer Science 2019-08-29 Zeinab Nehai , François Bobot

Nowadays, huge amounts of data are generated every second, and a quantity of that data can be defined as sensitive. Blockchain technology has private, secure, transparent and decentralized exchange of data as native. It is adaptable and can…

Distributed, Parallel, and Cluster Computing · Computer Science 2021-12-16 M. Sipek , M. Zagar , B. Mihaljevic , N. Draskovic

Financial markets are undergoing an unprecedented transformation. Technological advances have brought major improvements to the operations of financial services. While these advances promote improved accessibility and convenience,…

Trading and Market Microstructure · Quantitative Finance 2023-12-05 Agostino Capponi , Garud Iyengar , Jay Sethuraman

A public ledger is a tamperproof sequence of data that can be read and augmented by everyone. Public ledgers have innumerable and compelling uses. They can secure, in plain sight, all kinds of transactions ---such as titles, sales, and…

Cryptography and Security · Computer Science 2017-05-29 Jing Chen , Silvio Micali

It is time for the legacy financial infrastructure to seamlessly connect with modern, decentralized infrastructure. Although it is increasingly evident that decentralized infrastructure for finance (namely distributed ledgers) will coexist…

Distributed, Parallel, and Cluster Computing · Computer Science 2025-01-30 Rafael Belchior , Thomas Hardjono , Alex Chiriac , Venkatraman Ranakrishna

Blockchain is a disruptive technology intended at implementing secure decentralized distributed systems, in which transactional data can be shared, stored and verified by participants of a system using cryptographic and consensus…

Software Engineering · Computer Science 2019-03-11 Sabreen Ahmadjee , Rami Bahsoon

Unlike Ethereum, which was conceived as a general-purpose smart-contract platform, Bitcoin was designed primarily as a transaction ledger for its native currency, which limits programmability for conditional applications. This constraint is…

Cryptography and Security · Computer Science 2026-02-11 Giulio Caldarelli

Proofgold is a blockchain that supports formalized mathematics alongside standard cryptocurrency functionality. It incorporates logical constructs into the blockchain, including declarations of formal theories, definitions, propositions and…

Logic in Computer Science · Computer Science 2025-09-11 Chad E. Brown , Cezary Kaliszyk , Josef Urban

Blockchains are becoming increasingly relevant in a variety of fields, such as finance, logistics, and real estate. The fundamental task of a blockchain system is to establish data consistency among distributed agents in an open network.…

Programming Languages · Computer Science 2019-11-20 Wolfgang Jeltsch