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An emerging blockchain protocol design pattern leverages the asymmetry between the computational effort in performing versus verifying tasks. For example, cryptographic validity proofs (e.g., SNARKS) require the prover to expend significant…

Computer Science and Game Theory · Computer Science 2026-05-08 Maryam Bahrani , Michael Neuder , S. Matthew Weinberg

Safety and liveness are the two classical security properties of consensus protocols. Recent works have strengthened safety with accountability: should any safety violation occur, a sizable fraction of adversary nodes can be proven to be…

Cryptography and Security · Computer Science 2025-09-12 Andrew Lewis-Pye , Joachim Neu , Tim Roughgarden , Luca Zanolini

Classic Byzantine fault-tolerant consensus protocols forfeit liveness in the face of asynchrony in order to preserve safety, whereas most deployed blockchain protocols forfeit safety in order to remain live. In this work, we achieve the…

Distributed, Parallel, and Cluster Computing · Computer Science 2020-07-06 Alistair Stewart , Eleftherios Kokoris-Kogia

We prove Bitcoin is secure under temporary dishonest majority. We assume the adversary can corrupt a specific fraction of parties and also introduce crash failures, i.e., some honest participants are offline during the execution of the…

Cryptography and Security · Computer Science 2019-08-02 Georgia Avarikioti , Lukas Kaeppeli , Yuyi Wang , Roger Wattenhofer

Blockchain sharding is a promising approach to solving the dilemma between decentralisation and high performance (transaction throughput) for blockchain. The main challenge of Blockchain sharding systems is how to reach a decision on a…

Distributed, Parallel, and Cluster Computing · Computer Science 2020-03-24 Yibin Xu , Yangyu Huang , Jianhua Shao , George Theodorakopoulos

Classic BFT consensus protocols guarantee safety and liveness for all clients if fewer than one-third of replicas are faulty. However, in applications such as high-value payments, some clients may want to prioritize safety over liveness.…

Distributed, Parallel, and Cluster Computing · Computer Science 2023-12-05 Joachim Neu , Srivatsan Sridhar , Lei Yang , David Tse

The disruptive technology of blockchain can deliver secure solutions without the need for a central authority. In blockchain protocols, assets that belong to a participant are controlled through the private key of an asymmetric key pair…

Cryptography and Security · Computer Science 2020-06-26 Mehmet Aydar , Salih Cemil Cetin , Serkan Ayvaz , Betul Aygun

Blockchain is a novel technology that is rising a lot of interest in the industrial and re- search sectors because its properties of decentralisation, immutability and data integrity. Initially, the underlying consensus mechanism has been…

Cryptography and Security · Computer Science 2018-05-10 Stefano De Angelis

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

Most of the Blockchain permissioned systems employ Byzantine fault-tolerance (BFT) consensus protocols to ensure that honest validators agree on the order for appending entries to their ledgers. In this paper, we study the performance and…

Distributed, Parallel, and Cluster Computing · Computer Science 2021-10-13 Salem Alqahtani , Murat Demirbas

Bitcoin uses blockchain technology to maintain transactions order and provides probabilistic guarantee to prevent double-spending, assuming that an attacker's computational power does not exceed %50 of the network power. In this paper, we…

Cryptography and Security · Computer Science 2024-11-19 Ghader Ebrahimpour , Mohammad Sayad Haghighi

A blockchain is a distributed ledger for recording transactions, maintained by many nodes without central authority through a distributed cryptographic protocol. All nodes validate the information to be appended to the blockchain, and a…

Distributed, Parallel, and Cluster Computing · Computer Science 2017-07-10 Christian Cachin , Marko Vukolić

Motivated by proof-of-stake (PoS) blockchains such as Ethereum, two key desiderata have recently been studied for Byzantine-fault tolerant (BFT) state-machine replication (SMR) consensus protocols: Finality means that the protocol retains…

Cryptography and Security · Computer Science 2024-01-22 Joachim Neu , Ertem Nusret Tas , David Tse

Blockchain, the technology behind the popular Bitcoin, is considered a "security by design" system as it is meant to create security among a group of distrustful parties yet without a central trusted authority. The security of blockchain…

Cryptography and Security · Computer Science 2020-09-02 Yang Xiao , Ning Zhang , Wenjing Lou , Y. Thomas Hou

Motivated by the great success and adoption of Bitcoin, a number of cryptocurrencies such as Litecoin, Dogecoin, and Ethereum are becoming increasingly popular. Although existing blockchain-based cryptocurrency schemes can ensure reasonable…

Cryptography and Security · Computer Science 2016-12-02 Jian Liu , Wenting Li , Ghassan O. Karame , N. Asokan

Blockchain protocols come with a variety of security guarantees. For example, BFT-inspired protocols such as Algorand tend to be secure in the partially synchronous setting, while longest chain protocols like Bitcoin will normally require…

Cryptography and Security · Computer Science 2021-11-08 Andrew Lewis-Pye , Tim Roughgarden

The application of Bitcoin enables people to understand blockchain technology gradually. Bitcoin is a decentralized currency that does not rely on third-party credit institutions, and the core of Bitcoin's underlying technology is…

Cryptography and Security · Computer Science 2025-04-15 Yuhuan Yang , Shipeng Ye , Xiaoqi Li

Ethereum has undergone a recent change called \textit{the Merge}, which made Ethereum a Proof-of-Stake blockchain, shifting closer to BFT consensus. Ethereum, which wished to keep the best of the two protocol designs (BFT and…

Cryptography and Security · Computer Science 2023-09-15 Ulysse Pavloff , Yackolley Amoussou-Guenou , Sara Tucci-Piergiovanni

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

Sidechain technology has been envisioned as a promising solution to accelerate today's public blockchains in terms of scalability and interoperability. By relying on the mainchain for security, different sidechains can formulate their own…

Cryptography and Security · Computer Science 2019-11-19 Fangyu Gai , Cesar Grajales , Jianyu Niu , Mohammad Mussadiq Jalalzai , Chen Feng
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