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Proof-of-Work (PoW) is the most widely adopted incentive model in current blockchain systems, which unfortunately is energy inefficient. Proof-of-Stake (PoS) is then proposed to tackle the energy issue. The rich-get-richer concern of PoS…

Cryptography and Security · Computer Science 2021-03-31 Yuming Huang , Jing Tang , Qianhao Cong , Andrew Lim , Jianliang Xu

In the white book of Bitcion, Satoshi Nakamoto described a bitcoin system that can realize point-to-point online payment without a third-party organization. After supporting this magical application scenario and subverting the traditional…

Cryptography and Security · Computer Science 2022-09-26 Shi Yan

We present and validate a novel mathematical model of the blockchain mining process and use it to conduct an economic evaluation of the double-spend attack, which is fundamental to all blockchain systems. Our analysis focuses on the value…

Cryptography and Security · Computer Science 2016-11-22 George Bissias , Brian Neil Levine , A. Pinar Ozisik , Gavin Andresen

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

Conflicting transactions within blockchain networks not only pose performance challenges but also introduce security vulnerabilities, potentially facilitating malicious attacks. In this paper, we explore the impact of conflicting…

Distributed, Parallel, and Cluster Computing · Computer Science 2025-04-25 Faisal Haque Bappy , Tariqul Islam , Kamrul Hasan , Joon S. Park , Carlos Caicedo

As adoption of blockchain-based systems grows, more attention is being given to privacy of these systems. Early systems like BitCoin provided few privacy features. As a result, systems with strong privacy guarantees, including Monero,…

Cryptography and Security · Computer Science 2021-12-28 Seyed Ali Tabatabaee , Charlene Nicer , Ivan Beschastnikh , Chen Feng

Contemporary blockchain such as Bitcoin and Ethereum execute transactions serially by miners and validators and determine the Proof-of-Work (PoW). Such serial execution is unable to exploit modern multi-core resources efficiently, hence…

Distributed, Parallel, and Cluster Computing · Computer Science 2022-01-24 Shrey Baheti , Parwat Singh Anjana , Sathya Peri , Yogesh Simmhan

In blockchain systems, the scarcity of a resource is used as a Sybil protection mechanism. In Proof-of-Work blockchains, that resource is computing power. In the event of a fork, the scarcity of this resource theoretically prevents miners…

Cryptography and Security · Computer Science 2023-02-24 Leonard Lys , Sebastien Forestier , Damir Vodenicarevic , Adrien Laversanne-Finot

Blockchain technology provides an auditable and tamper-proof distributed storage infrastructure for information records. This can be leveraged to support distributed workflow management. Compared to proof-of-work consensus, popularized by…

Distributed, Parallel, and Cluster Computing · Computer Science 2020-06-11 Joerg Evermann

We present a strategy for a single quantum miner with relatively low hashing power, with the same ramifications as a 51% attack. Bitcoin nodes consider the chain with the highest cumulative proof-of-work to be the valid chain. A quantum…

Quantum Physics · Physics 2024-10-01 Bolton Bailey , Or Sattath

Our aim in this paper is to investigate the profitability of double-spending (DS) attacks that manipulate an a priori mined transaction in a blockchain. It was well understood that a successful DS attack is established when the proportion…

Cryptography and Security · Computer Science 2020-10-15 Jehyuk Jang , Heung-No Lee

The progress of deep learning (DL), especially the recent development of automatic design of networks, has brought unprecedented performance gains at heavy computational cost. On the other hand, blockchain systems routinely perform a huge…

Cryptography and Security · Computer Science 2020-07-31 Yixiao Lan , Yuan Liu , Boyang Li

The energy sustainability of blockchains, whose consensus protocol rests on the Proof-of-Work, nourishes a heated debate. The underlying issue lies in a highly energy-consuming process, defined as mining, required to validate crypto-asset…

Pool block withholding attack is performed among mining pools in digital cryptocurrencies, such as Bitcoin. Instead of mining honestly, pools can be incentivized to infiltrate their own miners into other pools. These infiltrators report…

Computer Science and Game Theory · Computer Science 2021-01-29 Qian Wang , Yurong Chen

Mining attacks aim to gain an unfair share of extra rewards in the blockchain mining. Selfish mining can preserve discovered blocks and strategically release them, wasting honest miners' computing resources and getting higher profits.…

Cryptography and Security · Computer Science 2024-04-09 Jiaping Yu , Shang Gao , Rui Song , Zhiping Cai , Bin Xiao

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

Regardless of their variations, blockchains require a consensus mechanism to validate transactions, supervise added blocks, maintain network security, synchronize the network state, and distribute incentives. Proof-of-Work (PoW), one of the…

Distributed, Parallel, and Cluster Computing · Computer Science 2024-07-25 Amirreza Sokhankhosh , Sara Rouhani

We present two attacks targeting the Proof-of-Stake (PoS) Ethereum consensus protocol. The first attack suggests a fundamental conceptual incompatibility between PoS and the Greedy Heaviest-Observed Sub-Tree (GHOST) fork choice paradigm…

Cryptography and Security · Computer Science 2022-03-03 Joachim Neu , Ertem Nusret Tas , David Tse

Online malware scanners are one of the best weapons in the arsenal of cybersecurity companies and researchers. A fundamental part of such systems is the sandbox that provides an instrumented and isolated environment (virtualized or…

Cryptography and Security · Computer Science 2021-10-07 Antonio Nappa , Panagiotis Papadopoulos , Matteo Varvello , Daniel Aceituno Gomez , Juan Tapiador , Andrea Lanzi

BitCoin transactions are malleable in a sense that given a transaction an adversary can easily construct an equivalent transaction which has a different hash. This can pose a serious problem in some BitCoin distributed contracts in which…

Cryptography and Security · Computer Science 2013-12-12 Marcin Andrychowicz , Stefan Dziembowski , Daniel Malinowski , Łukasz Mazurek