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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 provide the first large-scale data collection of real-world approval-based committee elections. These elections have been conducted on the Polkadot blockchain as part of their Nominated Proof-of-Stake mechanism and contain around one…

Computer Science and Game Theory · Computer Science 2023-12-20 Niclas Boehmer , Markus Brill , Alfonso Cevallos , Jonas Gehrlein , Luis Sánchez-Fernández , Ulrike Schmidt-Kraepelin

The security of blockchain systems is fundamentally based on the decentralized consensus in which the majority of parties behave honestly, and the content verification process is essential to maintaining the robustness of blockchain…

Cryptography and Security · Computer Science 2025-08-21 Zishuo Zhao , Xi Chen , Yuan Zhou

Proposer anonymity in Proof-of-Stake (PoS) blockchains is a critical concern due to the risk of targeted attacks such as malicious denial-of-service (DoS) and censorship attacks. While several Secret Single Leader Election (SSLE) mechanisms…

Cryptography and Security · Computer Science 2025-09-30 Tereza Burianová , Martin Perešíni , Ivan Homoliak

Many blockchain networks aim to preserve the anonymity of validators in the peer-to-peer (P2P) network, ensuring that no adversary can link a validator's identifier to the IP address of a peer due to associated privacy and security…

Cryptography and Security · Computer Science 2025-02-04 Lioba Heimbach , Yann Vonlanthen , Juan Villacis , Lucianna Kiffer , Roger Wattenhofer

The transition of Ethereum from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism introduces a transformative approach to blockchain validation, offering enhanced scalability, energy efficiency, and security. However, this…

Cryptography and Security · Computer Science 2024-12-17 Li Li

Blockchain relay schemes enable cross-chain state proofs without requiring trusted intermediaries. This is achieved by applying the source blockchain's consensus validation protocol on the target blockchain. Existing chain relays allow for…

Cryptography and Security · Computer Science 2022-08-24 Martin Westerkamp , Maximilian Diez

The design of permissioned blockchains places an access control requirement for members to read, access, and write information over the blockchains. In this paper, we study a hierarchical scenario to include three types of participants:…

Cryptography and Security · Computer Science 2021-01-26 Hongyin Chen , Zhaohua Chen , Yukun Cheng , Xiaotie Deng , Wenhan Huang , Jichen Li , Hongyi Ling , Mengqian Zhang

Modern public blockchains like Ethereum rely on p2p networks to run distributed and censorship-resistant applications. With its wide adoption, it operates as a highly critical public ledger. On its transition to become more scalable and…

Networking and Internet Architecture · Computer Science 2023-09-26 Mikel Cortes-Goicoechea , Tarun Mohandas-Daryanani , Jose Luis Munoz-Tapia , Leonardo Bautista-Gomez

In Ethereum, private transactions, a specialized transaction type employed to evade public Peer-to-Peer (P2P) network broadcasting, remain largely unexplored, particularly in the context of the transition from Proof-of-Work (PoW) to…

Cryptography and Security · Computer Science 2025-04-01 Xingyu Lyu , Mengya Zhang , Xiaokuan Zhang , Jianyu Niu , Yinqian Zhang , Zhiqiang Lin

Given that Proof-of-Work (PoW) and Proof-of-Stake (PoS) are plutocratic, and other common consensus protocols are mostly permission-based, we look for a consensus protocol that will suit the needs of e-Democracy. In particular, what we need…

Social and Information Networks · Computer Science 2020-08-03 Ouri Poupko , Nimrod Talmon

Ensuring the privacy of votes in an election is crucial for the integrity of a democratic process. Often, voting power is delegated to representatives (e.g., in congress) who subsequently vote on behalf of voters on specific issues. This…

Cryptography and Security · Computer Science 2026-03-11 Kamilla Nazirkhanova , Vrushank Gunjur , X. Pilli Cruz-De Jesus , Dan Boneh

Immediate settlement, or single-slot finality (SSF), is a long-term goal for Ethereum. The growing active validator set size is placing an increasing computational burden on the network, making SSF more challenging. EIP-7251 aims to reduce…

Applications · Statistics 2024-04-22 Sandra Johnson , Kerrie Mengersen , Patrick O'Callaghan , Anders L. Madsen

The security of many Proof-of-Stake (PoS) payment systems relies on quorum-based State Machine Replication (SMR) protocols. While classical analyses assume purely Byzantine faults, real-world systems must tolerate both arbitrary failures…

Cryptography and Security · Computer Science 2026-05-19 Zeta Avarikioti , Eleftherios Kokoris Kogias , Ray Neiheiser , Christos Stefo

Blockchains have witnessed widespread adoption in the past decade in various fields. The growing demand makes their scalability and sustainability challenges more evident than ever. As a result, more and more blockchains have begun to adopt…

Computer Science and Game Theory · Computer Science 2021-07-12 Shashank Motepalli , Hans-Arno Jacobsen

Voting is a very important issue which can be beneficial in term of choosing the right leader in an election. A good leader can bring prosperity to a country and also can lead the country in the right direction every time. However,…

Cryptography and Security · Computer Science 2019-10-31 Kazi Sadia , Md. Masuduzzaman , Rajib Kumar Paul , Anik Islam

This paper presents a comprehensive comparative analysis of two dominant blockchain consensus mechanisms, Proof of Work (PoW) and Proof of Stake (PoS), evaluated across seven critical metrics: energy use, security, transaction speed,…

Cryptography and Security · Computer Science 2025-11-24 Kaeli Andrews , Linh B. Ngo , Md Amiruzzaman

With Ethereum's transition from Proof-of-Work to Proof-of-Stake in September 2022 came another paradigm shift, the Proposer-Builder Separation (PBS) scheme. PBS was introduced to decouple the roles of selecting and ordering transactions in…

Distributed, Parallel, and Cluster Computing · Computer Science 2023-09-26 Lioba Heimbach , Lucianna Kiffer , Christof Ferreira Torres , Roger Wattenhofer

Blockchain-based consensus protocols present the opportunity to develop new protocols, due to their novel requirements of open participation and explicit incentivization of participants. To address the first requirement, it is necessary to…

Cryptography and Security · Computer Science 2018-08-09 Sarah Azouvi , Patrick McCorry , Sarah Meiklejohn

Consensus mechanism is the heart of any blockchain network. Many projects have proposed alternative protocols to improve restricted scalability of Proof of Work originated since Bitcoin. As an improvement of Delegated Proof of Stake, in…

Cryptography and Security · Computer Science 2019-12-10 Thuat Do , Thao Nguyen , Hung Pham