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The core of a blockchain network is its consensus algorithm. Starting with the Proof-of-Work, there have been various versions of consensus algorithms, such as Proof-of-Stake (PoS), Proof-of-Authority (PoA), and Practical Byzantine Fault…

Distributed, Parallel, and Cluster Computing · Computer Science 2024-12-10 Tariqul Islam , Faisal Haque Bappy , Tarannum Shaila Zaman , Md Sajidul Islam Sajid , Mir Mehedi Ahsan Pritom

Permissionless blockchains such as Bitcoin have long been criticized for their high computational and storage overhead. Unfortunately, while a number of proposals address the energy consumption of existing Proof-of-Work deployments, little…

Cryptography and Security · Computer Science 2022-07-01 Alessandro Sforzin , Matteo Maso , Claudio Soriente , Ghassan Karame

The Proof of Efficient Liquidity (PoEL) protocol, designed for specialised Proof of Stake (PoS) consensus-based blockchains that incorporate intrinsic DeFi applications, aims to support sustainable liquidity bootstrapping and network…

General Finance · Quantitative Finance 2024-02-19 Arman Abgaryan , Utkarsh Sharma , Joshua Tobkin

We present a design called Proof of Gradient Optimization (PoGO) for blockchain consensus, where miners produce verifiable evidence of training large-scale machine-learning models. Building on previous work, we incorporate quantized…

Machine Learning · Computer Science 2025-04-24 José I. Orlicki

Bitcoin is the first fully-decentralized permissionless blockchain protocol to achieve a high level of security, but at the expense of poor throughput and latency. Scaling the performance of Bitcoin has a been a major recent direction of…

Distributed, Parallel, and Cluster Computing · Computer Science 2023-02-20 Lei Yang , Xuechao Wang , Vivek Bagaria , Gerui Wang , Mohammad Alizadeh , David Tse , Giulia Fanti , Pramod Viswanath

We describe a prototype of a fully capable Ethereum Proof-of-Work (PoW) blockchain network running on multiple Raspberry Pi (RPi) computers. The prototype is easy to set up and is intended to function as a completely standalone system,…

Distributed, Parallel, and Cluster Computing · Computer Science 2025-11-26 Anton Ivashkevich , Matija Piškorec , Claudio J. Tessone

Proof-of-Stake (PoS) blockchain systems, especially those that allow stakeholders to organize themselves in ``stake-pools'', have emerged as a compelling paradigm for the deployment of large scale distributed ledgers. A stake-pool operates…

Computer Science and Game Theory · Computer Science 2021-11-17 Aggelos Kiayias , Elias Koutsoupias , Aikaterini-Panagiota Stouka

All public blockchains are secured by a proof of opportunity cost among block producers. For example, the security offered by proof-of-work (PoW) systems, like Bitcoin, is due to spent computation; it is work precisely because it cannot be…

Computer Science and Game Theory · Computer Science 2019-08-27 George Bissias , Brian N. Levine , David Thibodeau

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

Blockchains have sparked global interest in recent years, gaining importance as they increasingly influence technology and finance. This thesis investigates the robustness of blockchain protocols, specifically focusing on Ethereum…

Cryptography and Security · Computer Science 2024-12-02 Ulysse Pavloff

The educational system manages extensive documentation and paperwork, which can lead to human errors and sometimes abuse or fraud, such as the falsification of diplomas, certificates or other credentials. In fact, in the last years,…

Distributed, Parallel, and Cluster Computing · Computer Science 2025-04-02 Gabriel Fernández-Blanco , Iván Froiz-Míguez , Paula Fraga-Lamas , Tiago M. Fernández-Caramés

Proof of Stake (PoS) protocols rely on voting mechanisms to reach consensus on the current state. If an enhanced majority of staking nodes, also called validators, agree on a proposed block, then this block is appended to the blockchain.…

Computer Science and Game Theory · Computer Science 2021-07-20 Stefanos Leonardos , Daniel Reijsbergen , Georgios Piliouras

We propose a proof-of-work algorithm that rewards blockchain miners for using computational resources to solve NP-complete puzzles. The resulting blockchain will publicly store and improve solutions to problems with real world applications…

Distributed, Parallel, and Cluster Computing · Computer Science 2017-09-05 Carlos G. Oliver , Alessandro Ricottone , Pericles Philippopoulos

We propose DIPS Difficulty-based Incentives for Problem Solving), a simple modification of the Bitcoin proof-of-work algorithm that rewards blockchain miners for solving optimization problems of scientific interest. The result is a…

Distributed, Parallel, and Cluster Computing · Computer Science 2022-06-03 Pericles Philippopoulos , Alessandro Ricottone , Carlos G. Oliver

Bitcoin is the most secure blockchain in the world, supported by the immense hash power of its Proof-of-Work miners, but consumes huge amount of energy. Proof-of-Stake chains are energy-efficient, have fast finality and accountability, but…

Cryptography and Security · Computer Science 2022-01-21 Ertem Nusret Tas , David Tse , Fisher Yu , Sreeram Kannan

Proof-of-stake (PoS) is a promising approach for designing efficient blockchains, where block proposers are randomly chosen with probability proportional to their stake. A primary concern with PoS systems is the "rich getting richer"…

Cryptography and Security · Computer Science 2018-10-17 Giulia Fanti , Leonid Kogan , Sewoong Oh , Kathleen Ruan , Pramod Viswanath , Gerui Wang

Bitcoin is a popular cryptocurrency that records alltransactions in a distributed append-only public ledger calledblockchain. The security of Bitcoin heavily relies on the incentive-compatible proof-of-work (PoW) based distributed consensus…

Cryptography and Security · Computer Science 2018-06-05 Mauro Conti , Sandeep Kumar E , Chhagan Lal , Sushmita Ruj

Using blockchain technology, it is possible to create contracts that offer a reward in exchange for a trained machine learning model for a particular data set. This would allow users to train machine learning models for a reward in a…

Cryptography and Security · Computer Science 2018-03-01 A. Besir Kurtulmus , Kenny Daniel

Blockchain is considered the critical backbone technology for secure and trusted Internet of Things (IoT) in the future 6G network. However, deploying a blockchain system in a complex wireless IoT network is challenging due to the limited…

Computer Science and Game Theory · Computer Science 2022-12-22 Weiyi Wang , Jin Chen , Yutao Jiao , Jiawen Kang , Wenting Dai , Yuhua Xu

It is important that consumers and regulators can verify the provenance of large neural models to evaluate their capabilities and risks. We introduce the concept of a "Proof-of-Training-Data": any protocol that allows a model trainer to…

Machine Learning · Computer Science 2023-07-04 Dami Choi , Yonadav Shavit , David Duvenaud
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