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Blockchain is a type of decentralized distributed network which acts as an immutable digital ledger. Despite the absence of any central governing authority to validate the blocks in the ledger, it is considered secure and immutable due to…

Distributed, Parallel, and Cluster Computing · Computer Science 2021-09-07 Shashank Joshi

In blockchains such as Bitcoin and Ethereum, users compete in a transaction fee auction to get their transactions confirmed in the next block. A line of recent works set forth the desiderata for a "dream" transaction fee mechanism (TFM),…

Computer Science and Game Theory · Computer Science 2022-11-07 Hao Chung , Elaine Shi

Blockchains add transactions to a distributed shared ledger by arriving at consensus on sets of transactions contained in blocks. This provides a total ordering on a set of global transactions. However, total ordering is not enough to…

Cryptography and Security · Computer Science 2024-08-27 Anshuman Misra , Ajay D. Kshemkalyani

Byzantine Fault Tolerant (BFT) consensus forms the foundation of many modern blockchains striving for both high throughput and low latency. A growing bottleneck is transaction execution and validation on the critical path of consensus,…

Distributed, Parallel, and Cluster Computing · Computer Science 2026-02-25 Ignacio Amores-Sesar , Mirza Ahad Baig , Seth Gilbert , Ray Neiheiser , Michelle X. Yeo

In this paper we present the initial design of Minerva consensus protocol for Truechain and other technical details. Currently, it is widely believed in the blockchain community that a public chain cannot simultaneously achieve high…

Distributed, Parallel, and Cluster Computing · Computer Science 2018-12-04 Eric Zhang , Hendrik C , Yang Liu , Archit Sharma , Jasper L

Blockchain systems benefit from lessons in prior art such as fault tolerance, distributed systems, peer-to-peer systems, and game theory. In this paper we argue that blockchain algorithms should tolerate both rational (self-interested)…

Distributed, Parallel, and Cluster Computing · Computer Science 2018-11-05 Jean-Philippe Martin , Eunjin , Jung

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

Quantum Conference Key Agreement (QCKA) protocols are designed to allow multiple parties to agree on a shared secret key, secure against computationally unbounded adversaries. In this paper, we consider a high-dimensional QCKA protocol and…

Quantum Physics · Physics 2022-02-02 Omar Amer , Walter O. Krawec

Bitcoin is a peer-to-peer cryptographic currency system. Since its introduction in 2008, Bitcoin has gained noticeable popularity, mostly due to its following properties: (1) the transaction fees are very low, and (2) it is not controlled…

Cryptography and Security · Computer Science 2014-07-01 Marcin Andrychowicz , Stefan Dziembowski , Daniel Malinowski , Łukasz Mazurek

Cooperation is fundamental for human prosperity. Blockchain, as a trust machine, is a cooperative institution in cyberspace that supports cooperation through distributed trust with consensus protocols. While studies in computer science…

General Economics · Economics 2023-01-23 Luyao Zhang , Xinyu Tian

The Binary Vector Clock is a simple, yet space-efficient algorithm for generating a partial order of transactions in account-based blockchain systems. The Binary Vector Clock solves the problem of order dependency in systems such as…

Distributed, Parallel, and Cluster Computing · Computer Science 2020-04-17 Lum Ramabaja

With the advancement of blockchain systems, many recent research works have proposed distributed ledger technology~(DLT) that employs Byzantine fault-tolerant~(BFT) consensus protocols to decide which block to append next to the ledger.…

Distributed, Parallel, and Cluster Computing · Computer Science 2023-03-21 Christian Berger , Signe Schwarz-Rüsch , Arne Vogel , Kai Bleeke , Leander Jehl , Hans P. Reiser , Rüdiger Kapitza

Consensus is unnecessary when the truth is available. In this paper, we present a new perspective of rebuilding the blockchain without consensus. When the consensus phase is eliminated from a blockchain, transactions could be canonized…

Networking and Internet Architecture · Computer Science 2022-09-29 Qing Wang , Jian Zheng , Huawei Huang , Jianru Lin

We present a general consensus framework that allows to easily introduce a customizable Byzantine fault tolerant consensus algorithm to an existing (Delegated) Proof-of-Stake blockchain. We prove the safety of the protocol under the…

Distributed, Parallel, and Cluster Computing · Computer Science 2021-05-06 Jan Hackfeld

The ability to perform repeated Byzantine agreement lies at the heart of important applications such as blockchain price oracles or replicated state machines. Any such protocol requires the following properties: (1) \textit{Byzantine…

Distributed, Parallel, and Cluster Computing · Computer Science 2025-06-17 Shlomi Dolev , Amit Hendin , Maurice Herlihy , Maria Potop Butucaru , Elad Michael Schiller

Quantum cryptography is a major ingredient of the future quantum internet that promises various secure communication tasks. Quantum conference key agreement (CKA) is an important cryptographic primitive of quantum cryptography, which…

Quantum Physics · Physics 2021-09-28 Xiao-Yu Cao , Yu-shuo Lu , Zhao Li , Jie Gu , Hua-Lei Yin , Zeng-Bing Chen

The surging interest in blockchain technology has revitalized the search for effective Byzantine consensus schemes. In particular, the blockchain community has been looking for ways to effectively integrate traditional Byzantine…

Cryptography and Security · Computer Science 2018-11-15 Jian Liu , Wenting Li , Ghassan O. Karame , N. Asokan

The paper proposes a Blockchain (BC) system to prevent counterfeiting in health insurance sector. The results show the system strength in terms of achieving data integrity and privacy of data. Moreover, the results show that the consensus…

Cryptography and Security · Computer Science 2023-03-30 Baker Alhasn , Mohammad Qatawneh , Wesam Alkmobaideen

This work performs an experimental evaluation of four asynchronous binary Byzantine consensus algorithms [11,16,18] in various configurations. In addition to being asynchronous these algorithms run in rounds, tolerate up to one third of…

Distributed, Parallel, and Cluster Computing · Computer Science 2020-04-24 Tyler Crain

Sealed-bid auctions play a crucial role in blockchain ecosystems. Previous works introduced viable blockchain sealed-bid auction protocols, leveraging timed commitments for bid encryption. However, a crucial challenge remains unresolved in…

Computer Science and Game Theory · Computer Science 2024-10-15 Jichen Li , Yuanchen Tang , Jing Chen , Xiaotie Deng
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