Related papers: Maximal Extractable Value (MEV) Protection on a DA…
With the continuous expansion of blockchain application scenarios, consortium chains have raised higher performance and security requirements for consensus mechanisms. Unlike public blockchains, consortium chains typically implement an…
The Narwhal system is a state-of-the-art Byzantine fault-tolerant scalable architecture that involves constructing a directed acyclic graph (DAG) of messages among a set of validators in a Blockchain network. Bullshark is a zero-overhead…
The emergence of decentralized finance has transformed asset trading on the blockchain, making traditional financial instruments more accessible while also introducing a series of exploitative economic practices known as Maximal Extractable…
Byzantine fault-tolerant (BFT) protocols allow a group of replicas to come to a consensus even when some of the replicas are Byzantine faulty. There exist multiple BFT protocols to securely tolerate an optimal number of faults $t$ under…
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…
Mission critical systems deployed in data centers today are facing more sophisticated failures. Byzantine fault tolerant (BFT) protocols are capable of masking these types of failures, but are rarely deployed due to their performance cost…
The asset trading volume on blockchain-based exchanges (DEX) increased substantially since the advent of Automated Market Makers (AMM). Yet, AMMs and their forks compete on the same blockchain, incurring unnecessary network and block-space…
Multi-party data management and blockchain systems require data sharing among participants. To provide resilient and consistent data sharing, transactions engines rely on Byzantine FaultTolerant consensus (BFT), which enables operations…
In blockchain networks, the strategic ordering of transactions within blocks has emerged as a significant source of profit extraction, known as Maximal Extractable Value (MEV). The transition from spam-based Priority Gas Auctions to…
Cryptocurrencies are rapidly expanding and becoming vital in digital financial markets. However, the rise in cryptocurrency-related illicit activities has led to significant losses for users. To protect the security of these platforms, it…
Directed Acyclic Graphical (DAG) models efficiently formulate causal relationships in complex systems. Traditional DAGs assume nodes to be scalar variables, characterizing complex systems under a facile and oversimplified form. This paper…
We introduce the theoretical foundations of the Tangle 2.0, a probabilistic leaderless consensus protocol based on a directed acyclic graph (DAG) called the Tangle. The Tangle naturally succeeds the blockchain as its next evolutionary step…
This paper presents a new framework, namely \emph{\onlay}, for scalable asynchronous distributed systems. In this framework, we propose a consensus protocol $L_{\phi}$, which is based on the Lachesis protocol~\cite{lachesis01}. At the core…
In this paper, we study how to optimize existing Non-Fungible Token (NFT) incentives. Upon exploring a large number of NFT-related standards and real-world projects, we come across an unexpected finding. That is, the current NFT incentive…
This paper presents Mir-BFT, a robust Byzantine fault-tolerant (BFT) total order broadcast protocol aimed at maximizing throughput on wide-area networks (WANs), targeting deployments in decentralized networks, such as permissioned and…
Cryptocurrency miners have great latitude in deciding which transactions they accept, including their own, and the order in which they accept them. Ethereum miners in particular use this flexibility to collect MEV-Miner Extractable Value-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…
Maximal Extractable Value (MEV) in Constant Function Market Making is fairly well understood. Does having dynamic weights, as found in liquidity boostrap pools (LBPs), Temporal-function market makers (TFMMs), and Replicating market makers…
Ethereum contracts can be designed to function as fully decentralized applications called DAPPs. Many DAPPs have already been fielded, including an online marketplace, a role playing game, a prediction market, and an Internet service…
Modern distributed systems face growing security threats, as attackers continuously enhance their skills and vulnerabilities span across the entire system stack, from hardware to the application layer. In the system design phase, fault…