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We put forward the idea that classical blockchains and smart contracts are potentially useful primitives not only for classical cryptography, but for quantum cryptography as well. Abstractly, a smart contract is a functionality that allows…

Quantum Physics · Physics 2019-07-04 Andrea Coladangelo

The global financial landscape is experiencing significant transformation driven by technological advancements and evolving market dynamics. Moreover, blockchain technology has become a pivotal platform with widespread applications,…

Computational Engineering, Finance, and Science · Computer Science 2024-07-30 Maruf Ahmed Mridul , Kaiyang Chang , Aparna Gupta , Oshani Seneviratne

Smart contracts are cryptographic protocols that are enforced without a judiciary. Smart contracts are used occasionally in Bitcoin and are prevalent in Ethereum. Public quantum money improves upon cash we use today, yet the current…

Quantum Physics · Physics 2022-09-20 Or Sattath

Smart contracts are widely utilized in cross-chain interactions, where their results are transmitted from one blockchain (the producer blockchain) to another (the consumer blockchain). Unfortunately, the consumer blockchain often accepts…

Cryptography and Security · Computer Science 2024-08-20 Hong Su

Blockchain systems often rely on rationality assumptions for their security, expecting that nodes are motivated to maximize their profits. These systems thus design their protocols to incentivize nodes to execute the honest protocol but…

Computer Science and Game Theory · Computer Science 2023-05-02 Haoqian Zhang , Mahsa Bastankhah , Louis-Henri Merino , Vero Estrada-Galiñanes , Bryan Ford

We propose a smart contract that allows two mutually distrusting parties to transact any non-digital good or service by deploying a smart contract on a blockchain to act as escrow. The contract settles disputes by letting parties wager that…

Computer Science and Game Theory · Computer Science 2023-04-05 Nikolaj Ignatieff Schwartzbach

Cross-Blockchain communication has gained traction due to the increasing fragmentation of blockchain networks and scalability solutions such as side-chaining and sharding. With SmartSync, we propose a novel concept for cross-blockchain…

Cryptography and Security · Computer Science 2022-09-01 Martin Westerkamp , Axel Küpper

The emerging blockchain technology supports decentralized computing paradigm shift and is a rapidly approaching phenomenon. While blockchain is thought primarily as the basis of Bitcoin, its application has grown far beyond cryptocurrencies…

Cryptography and Security · Computer Science 2020-06-23 Reza M. Parizi , Ali Dehghantanha , Kim-Kwang Raymond Choo , Amritraj Singh

Recent years have witnessed an increasing interest in the blockchain technology, and many blockchain-based applications have been developed to take advantage of its decentralization, transparency, fault tolerance, and strong security. In…

Cryptography and Security · Computer Science 2021-09-30 Yihao Guo , Zhiguo Wan , Xiuzhen Cheng

Blockchain is a distributed database which is cryptographically protected against malicious modifications. While promising for a wide range of applications, current blockchain platforms rely on digital signatures, which are vulnerable to…

The Bitcoin cryptocurrency records its transactions in a public log called the blockchain. Its security rests critically on the distributed protocol that maintains the blockchain, run by participants called miners. Conventional wisdom…

Cryptography and Security · Computer Science 2013-11-18 Ittay Eyal , Emin Gun Sirer

An appealing feature of blockchain technology is smart contracts. A smart contract is executable code that runs on top of the blockchain to facilitate, execute and enforce an agreement between untrusted parties without the involvement of a…

Cryptography and Security · Computer Science 2017-10-18 Maher Alharby , Aad van Moorsel

Blokchain is a promising technology to enable distributed and reliable data sharing at the network edge. The high security in blockchain is undoubtedly a critical factor for the network to handle important data item. On the other hand,…

Distributed, Parallel, and Cluster Computing · Computer Science 2022-12-09 Yixin Li , Liang Liang , Yunjian Jia , Wanli Wen , Chaowei Tang , Zhengchuan Chen

Smart contract technology is reshaping conventional industry and business processes. Being embedded in blockchains, smart contracts enable the contractual terms of an agreement to be enforced automatically without the intervention of a…

Software Engineering · Computer Science 2019-12-24 Zibin Zheng , Shaoan Xie , Hong-Ning Dai , Weili Chen , Xiangping Chen , Jian Weng , Muhammad Imran

Smart contracts, the cornerstone of blockchain technology, enable secure, automated distributed execution. Given their role in handling large transaction volumes across clients, miners, and validators, exploring concurrency is critical.…

Cryptography and Security · Computer Science 2025-07-23 Atefeh Zareh Chahoki , Maurice Herlihy , Marco Roveri

In an economy with asymmetric information, the smart contract in the blockchain protocol mitigates uncertainty. Since, as a new trading platform, the blockchain triggers segmentation of market and differentiation of agents in both the sell…

Pricing of Securities · Quantitative Finance 2018-10-11 Jun Aoyagi , Daisuke Adachi

Blockchains provide environments where parties can interact transparently and securely peer-to-peer without needing a trusted third party. Parties can trust the integrity and correctness of transactions and the verifiable execution of…

Cryptography and Security · Computer Science 2023-03-02 Simon Tschirner , Shashank Shekher Tripathi , Mathias Roeper , Markus M. Becker , Volker Skwarek

With the increase of the adoption of blockchain technology in providing decentralized solutions to various problems, smart contracts have become more popular to the point that billions of US Dollars are currently exchanged every day through…

Cryptography and Security · Computer Science 2023-01-24 Feng Mi , Chen Zhao , Zhuoyi Wang , Sadaf MD Halim , Xiaodi Li , Zhouxiang Wu , Latifur Khan , Bhavani Thuraisingham

Smart contracts are computer programs that can be consistently executed by a network of mutually distrusting nodes, without the arbitration of a trusted authority. Because of their resilience to tampering, smart contracts are appealing in…

Cryptography and Security · Computer Science 2018-06-21 Massimo Bartoletti , Livio Pompianu

In today's programmable blockchains, smart contracts are limited to being deterministic and non-probabilistic. This lack of randomness is a consequential limitation, given that a wide variety of real-world financial contracts, such as…

Computer Science and Game Theory · Computer Science 2019-02-22 Krishnendu Chatterjee , Amir Kafshdar Goharshady , Arash Pourdamghani