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Public blockchains should be able to scale with respect to the number of nodes and to the transactions workload. The blockchain scalability trilemma has been informally conjectured. This is related to scalability, security and…

Distributed, Parallel, and Cluster Computing · Computer Science 2020-06-08 Gianmaria Del Monte , Diego Pennino , Maurizio Pizzonia

As an integral part of the decentralized finance (DeFi) ecosystem, decentralized exchanges (DEXs) with automated market maker (AMM) protocols have gained massive traction with the recently revived interest in blockchain and distributed…

Trading and Market Microstructure · Quantitative Finance 2023-03-16 Jiahua Xu , Krzysztof Paruch , Simon Cousaert , Yebo Feng

Scalability is a common issue among the most used permissionless blockchains, and several approaches have been proposed to solve this issue. Tackling scalability while preserving the security and decentralization of the network is a…

Cryptography and Security · Computer Science 2023-11-10 Mikel Cortes-Goicoechea , Tarun Mohandas-Daryanani , Jose L. Muñoz-Tapia , Leonardo Bautista-Gomez

Bitcoin rise has put blockchain technology into the mainstream, amplifying its potential and broad utility. While Bitcoin has become incredibly famous, its transaction rate has not match such a corresponding increase. It still takes…

Cryptography and Security · Computer Science 2024-06-21 Han Song , Zhongche Qu , Yihao Wei

Payment channel networks, such as Bitcoin's Lightning Network, promise to improve the scalability of blockchain systems by processing the majority of transactions off-chain. Due to the design, the positioning of nodes in the network…

Networking and Internet Architecture · Computer Science 2021-02-19 Kimberly Lange , Elias Rohrer , Florian Tschorsch

Public blockchains implement a fee mechanism to allocate scarce computational resources across competing transactions. Most existing fee market designs utilize a joint, fungible unit of account (e.g., gas in Ethereum) to price otherwise…

Optimization and Control · Mathematics 2022-11-04 Theo Diamandis , Alex Evans , Tarun Chitra , Guillermo Angeris

Blockchains have become immensely popular and are high on the list of national and international research and innovation agenda's. This is partly caused by the numerous interesting applications, combined with the promise of full…

Distributed, Parallel, and Cluster Computing · Computer Science 2021-03-03 Maarten van Steen , Andrew Chien , Patrick Eugster

In the PoS blockchain landscape, the challenge of achieving full decentralization is often hindered by a disproportionate concentration of staked tokens among a few validators. This study analyses this challenge by first formalizing…

Distributed, Parallel, and Cluster Computing · Computer Science 2024-05-21 Shashank Motepalli , Hans-Arno Jacobsen

In the past years trend of microgrids is increasing very fast to reduce peak-hour costs. However, in these systems, third parties are still involved in selling surplus energy. This results in increased cost of energy and there are many…

Cryptography and Security · Computer Science 2024-05-21 Muhammad Awais , Qamar Abbas , Shehbaz Tariq , Sayyaf Haider Warraich

A blockchain system is a replicated state machine that must be fault tolerant. When designing a blockchain system, there is usually a trade-off between decentralization, scalability, and security. In this paper, we propose a novel…

Cryptography and Security · Computer Science 2018-11-20 Tai-Yuan Chen , Wei-Ning Huang , Po-Chun Kuo , Hao Chung , Tzu-Wei Chao

A blockchain replaces central counterparties with time-consuming consensus protocols to record the transfer of ownership. This settlement latency slows cross-exchange trading, exposing arbitrageurs to price risk. Off-chain settlement,…

Trading and Market Microstructure · Quantitative Finance 2023-10-20 Nikolaus Hautsch , Christoph Scheuch , Stefan Voigt

Decentralized Finance (DeFi) on Ethereum has undergone significant transformations since its emergence during the DeFi summer of 2020. With the introduction of Proof of Stake (PoS) and Proposer-Builder Separation (PBS), the transaction…

General Economics · Economics 2025-05-27 Paul Janicot , Alex Vinyas

Public blockchains provide a decentralized method for storing transaction data and have many applications in different sectors. In order for users to track transactions, a simple method is to let them keep a local copy of the entire public…

Cryptography and Security · Computer Science 2018-11-13 Lei Xu , Lin Chen , Zhimin Gao , Shouhuai Xu , Weidong Shi

Cryptoassets such as cryptocurrencies and tokens are increasingly traded on decentralized exchanges. The advantage for users is that the funds are not in custody of a centralized external entity. However, these exchanges are prone to…

Cryptography and Security · Computer Science 2021-02-16 Friedhelm Victor , Andrea Marie Weintraud

Blockchain received a vast amount of attention in recent years and is still growing. The second generation of blockchain, such as Ethereum, allows execution of almost any program in Ethereum Virtual Machine (EVM), making it a global…

Cryptography and Security · Computer Science 2024-05-07 Robert Susik , Robert Nowotniak

Uncontrolled growth of blockchain state can adversely affect client performance, decentralization and security. Previous attempts to introduce duration-based state storage pricing or 'storage rent' in Ethereum have stalled, partly because…

Distributed, Parallel, and Cluster Computing · Computer Science 2022-10-26 Sergio Demian Lerner , Federico Jinich , Diego Masini , Shreemoy Mishra

Blockchain technology has become one of the most popular trends in IT over the last few years. Its increasing popularity and the discovery of ever more use cases raises the question of how to improve scalability. While researchers are…

Software Engineering · Computer Science 2023-05-29 Ole Delzer , Ingo Weber , Richard Hobeck , Stefan Schulte

Coded blockchains have acquired prominence as a promising solution to reduce storage costs and facilitate scalability. Within this class, Luby Transform (LT) coded blockchains are an appealing choice for scalability owing to the…

Information Theory · Computer Science 2025-10-23 Harikrishnan K. , J. Harshan , Anwitaman Datta

This paper measures price differences between Hegic option quotes on Arbitrum and a model-based benchmark built on Black--Scholes model with regime-sensitive volatility estimated via a two-regime MS-AR-(GJR)-GARCH model. Using option-level…

Pricing of Securities · Quantitative Finance 2025-12-24 Anastasiia Zbandut

Blockchain technologies are one possible avenue for increasing the resilience of the Smart Grid, by decentralizing the monitoring and control of system-level objectives such as voltage stability protection. They furthermore offer benefits…

Distributed, Parallel, and Cluster Computing · Computer Science 2022-06-29 Kimia Honari , Xiaotian Zhou , Sara Rouhani , Scott Dick , Hao Liang , James Miller Li , James Miller