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An outstanding problem in the design of distributed ledgers concerns policies that govern the manner in which users interact with the network. Network usability is crucial to the mainstream adoption of distributed ledgers, particularly for…
We propose a novel consensus protocol based on a hybrid approach, that combines a directed acyclic graph (DAG) and a classical chain of blocks. This architecture allows us to enforce collective block construction, minimising the…
Order fairness in distributed ledgers refers to properties that relate the order in which transactions are sent or received to the order in which they are eventually finalized, i.e., totally ordered. The study of such properties is…
In recent years several distributed ledger technologies based on directed acyclic graphs (DAGs) have appeared on the market. Similar to blockchain technologies, DAG-based systems aim to build an immutable ledger and are faced with security…
This paper describes how Distributed Ledger Technologies can be used to design a class of cyber-physical systems, as well as to enforce social contracts and to orchestrate the behaviour of agents trying to access a shared resource. The…
Due to the distributed characteristics of Federated Learning (FL), the vulnerability of global model and coordination of devices are the main obstacle. As a promising solution of decentralization, scalability and security, leveraging…
Bitcoin is a decentralised digital currency that serves as an alternative to existing transaction systems based on an external central authority for security. Although Bitcoin has many desirable properties, one of its fundamental…
Direct Acyclic Graph (DAG)-based ledger and the corresponding consensus algorithm has been identified as a promising technology for Internet of Things (IoT). Compared with Proof-of-Work (PoW) and Proof-of-Stake (PoS) that have been widely…
Recently, Directed Acyclic Graph (DAG) based Distributed Ledgers have been proposed for various applications in the smart mobility domain [1]. While many application studies have been described in the literature, an open problem in the DLT…
In distributed ledger technologies (DLTs) with a directed acyclic graph (DAG) data structure, a message-issuing node can decide where to append that message and, consequently, how to grow the DAG. This DAG data structure can typically be…
Several blockchain consensus protocols proposed to use of Directed Acyclic Graphs (DAGs) to solve the limited processing throughput of traditional single-chain Proof-of-Work (PoW) blockchains. Many such protocols utilize a random…
A recent approach to building consensus protocols on top of Directed Acyclic Graphs (DAGs) shows much promise due to its simplicity and stable throughput. However, as each node in the DAG typically includes a linear number of references to…
Blockchain and other decentralized databases, known as distributed ledgers, are designed to store information online where all trusted network members can update the data with transparency. The dynamics of ledger's development can be…
Nowadays, blockchain is becoming a synonym for distributed ledger technology. However, blockchain is only one of the specializations in the field and is currently well-covered in existing literature, but mostly from a cryptographic point of…
With the ever growing Internet of Things (IoT) market, ledger systems are facing new challenges to efficiently store and secure enormous customer records collected by the IoT devices. The authenticity, availability, and integrity of these…
To achieve high throughput in the POW based blockchain systems, researchers proposed a series of methods, and DAG is one of the most active and promising fields. We designed and implemented the StreamNet, aiming to engineer a scalable and…
A DAG compression of a (typically dense) graph is a simple data structure that stores how vertex clusters are connected, where the clusters are described indirectly as sets of reachable sinks in a directed acyclic graph (DAG). They…
Blockchain or Distributed Ledger Technology is a disruptive technology that provides the infrastructure for developing decentralized applications enabling the implementation of novel business models even in traditionally centralized…
We present parallel proof-of-work with DAG-style voting, a novel proof-of-work cryptocurrency protocol that, compared to Bitcoin, provides better consistency guarantees, higher transaction throughput, lower transaction confirmation latency,…
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…