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We model and analyze blockchain miners who seek to maximize the compound return of their mining businesses. The analysis of the optimal strategies finds a new equilibrium point among the miners and the mining pools, which predicts the…

Cryptography and Security · Computer Science 2020-12-07 Go Yamamoto , Aron Laszka , Fuhito Kojima

A smart grid is an important application in Industry 4.0 with a lot of new technologies and equipment working together. Hence, sensitive data stored in the smart grid is vulnerable to malicious modification and theft. This paper proposes a…

First, a big data analysis of the transactions and smart contracts made on the Ethereum blockchain is performed, revealing interesting trends in motion. Next, these trends are compared with the public's interest in Ether and Bitcoin,…

Trading and Market Microstructure · Quantitative Finance 2021-04-06 Dorsa Mohammadi Arezooji

Mining blocks in a blockchain using the \textit{Proof-of-Work} consensus protocol involves significant risk, as network participants face continuous operational costs while earning infrequent capital gains upon successfully mining a block.…

Cryptography and Security · Computer Science 2025-11-19 Pierre-Olivier Goffard , Hansjoerg Albrecher , Jean-Pierre Fouque

Despite their increasing popularity, blockchains still suffer from severe scalability limitations. Recently, Ethereum proposed a novel approach to block validation based on Data Availability Sampling (DAS), that has the potential to improve…

Networking and Internet Architecture · Computer Science 2023-06-21 Michał Król , Onur Ascigil , Sergi Rene , Etienne Rivière , Matthieu Pigaglio , Kaleem Peeroo , Vladimir Stankovic , Ramin Sadre , Felix Lange

Ethereum is one of the most popular platforms for the development of blockchain-powered applications. These applications are known as Dapps. When engineering Dapps, developers need to translate requests captured in the front-end of their…

Software Engineering · Computer Science 2022-06-22 Michael Pacheco , Gustavo A. Oliva , Gopi Krishnan Rajbahadur , Ahmed E. Hassan

Ethereum recently unveiled its upcoming roadmap's \textit{Splurge} phase, highlighting the integration of EIP-\hlhref{https://eips.ethereum.org/EIPS/eip-3074}{4337} as a foundational standard for account abstraction (AA). AA aims to enhance…

Cryptography and Security · Computer Science 2023-09-04 Qin Wang , Shiping Chen

The Ponzi scheme, an old-fashioned fraud, is now popular on the Ethereum blockchain, causing considerable financial losses to many crypto investors. A few Ponzi detection methods have been proposed in the literature, most of which detect a…

Cryptography and Security · Computer Science 2024-07-19 Phuong Duy Huynh , Son Hoang Dau , Xiaodong Li , Phuc Luong , Emanuele Viterbo

Trading through decentralized exchanges (DEXs) has become crucial in today's blockchain ecosystem, enabling users to swap tokens efficiently and automatically. However, the capacity of miners to strategically order transactions has led to…

Computer Science and Game Theory · Computer Science 2023-09-25 Yuhao Li , Mengqian Zhang , Jichen Li , Elynn Chen , Xi Chen , Xiaotie Deng

This paper explores the vulnerability of machine learning models to simple single-feature adversarial attacks in the context of Ethereum fraudulent transaction detection. Through comprehensive experimentation, we investigate the impact of…

Cryptography and Security · Computer Science 2025-04-25 Ahod Alghuried , Ali Alkinoon , Abdulaziz Alghamdi , Soohyeon Choi , Manar Mohaisen , David Mohaisen

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…

Cryptography and Security · Computer Science 2017-01-17 George Bissias , Brian Levine , Nikunj Kapadia

Ethereum, as a representative of Web3, adopts a novel framework called Proposer Builder Separation (PBS) to prevent the centralization of block profits in the hands of institutional Ethereum stakers. Introducing builders to generate blocks…

Computational Engineering, Finance, and Science · Computer Science 2024-11-14 Shuzheng Wang , Yue Huang , Wenqin Zhang , Yuming Huang , Xuechao Wang , Jing Tang

With the emergence of Miner Extractable Value (MEV), block construction markets on blockchains have evolved into a competitive arena. Following Ethereum's transition from Proof of Work (PoW) to Proof of Stake (PoS), the Proposer Builder…

Networking and Internet Architecture · Computer Science 2023-06-06 Anton Wahrstätter , Liyi Zhou , Kaihua Qin , Davor Svetinovic , Arthur Gervais

We consider a trading marketplace that is populated by traders with diverse trading strategies and objectives. The marketplace allows the suppliers to list their goods and facilitates matching between buyers and sellers. In return, such a…

Computer Science and Game Theory · Computer Science 2022-10-03 Kshama Dwarakanath , Svitlana S Vyetrenko , Tucker Balch

Consensus algorithms facilitate agreement on and resolution of blockchain functions, such as smart contracts and transactions. Ethereum uses a Proof-of-Stake (PoS) consensus mechanism, which depends on financial incentives to ensure that…

Computer Science and Game Theory · Computer Science 2023-08-02 Alpesh Bhudia , Anna Cartwright , Edward Cartwright , Darren Hurley-Smith , Julio Hernandez-Castro

In peer-to-peer (P2P) energy trading, a secured infrastructure is required to manage trade and record monetary transactions. A central server/authority can be used for this. But there is a risk of central authority influencing the energy…

Computer Science and Game Theory · Computer Science 2022-09-19 Nitin Singha , V Shreyas , Sandeep Kumar

This paper studies the market structure impact of cheaper and faster chains on the Uniswap v3 Protocol. The Uniswap Protocol is the largest decentralized application on Ethereum by both gas and blockspace used, and user behaviors of the…

Trading and Market Microstructure · Quantitative Finance 2024-03-18 Austin Adams

Like most modern blockchain networks, Ethereum has relied on economic incentives to promote honest participation in the chain's consensus. The distributed character of the platform, together with the "randomness" or "luck" factor that both…

Cryptography and Security · Computer Science 2024-03-06 Mikel Cortes-Goicoechea , Tarun Mohandas-Daryanani , Jose Luis Muñoz-Tapia , Leonardo Bautista-Gomez

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…

Cryptography and Security · Computer Science 2019-10-07 Georgios Birmpas , Elias Koutsoupias , Philip Lazos , Francisco J. Marmolejo-Cossío

The mining process in blockchain requires solving a proof-of-work puzzle, which is resource expensive to implement in mobile devices due to the high computing power and energy needed. In this paper, we, for the first time, consider edge…

Cryptography and Security · Computer Science 2018-11-20 Zehui Xiong , Shaohan Feng , Wenbo Wang , Dusit Niyato , Ping Wang , Zhu Han