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This empirical study presents the Decentralized Exchanges Comparison Service (DECS), a novel tool developed by 1inch Analytics to assess exchange efficiency in decentralized finance. The DECS utilizes swap transaction monitoring and…

Trading and Market Microstructure · Quantitative Finance 2024-11-05 Evgenii Onishchuk , Maksim Dubovitskii , Eduard Horch

In recent years, the Decentralized Finance (DeFi) market has witnessed numerous attacks on the price oracle, leading to substantial economic losses. Despite the advent of truth discovery methods opening up new avenues for oracle…

Computer Science and Game Theory · Computer Science 2024-02-23 Youquan Xian , Peng Liu , Dongcheng Li , Xueying Zeng

The dominance of a few big companies in the storage market arising various concerns including single point of failure, privacy violation, and oligopoly. To eliminate the dependency on such a centralized storage architecture, several…

Computer Science and Game Theory · Computer Science 2023-02-20 Iman Vakilinia , Weihong Wang , Jiajun Xin

Blockchain technology has revolutionized financial markets by enabling decentralized exchanges (DEXs) that operate without intermediaries. Uniswap V2, a leading DEX, facilitates the rapid creation and trading of new tokens, which offer high…

Computational Finance · Quantitative Finance 2026-02-18 Manuel Naviglio , Francesco Tarantelli , Fabrizio Lillo

Data sharing is very important for accelerating scientific research, business innovations, and for informing individuals. Yet, concerns over data privacy, cost, and lack of secure data-sharing solutions have prevented data owners from…

Distributed, Parallel, and Cluster Computing · Computer Science 2022-04-20 Vikas Jaiman , Leonard Pernice , Visara Urovi

Blockchain technology, though conceptualized in the early 1990s, only gained practical relevance with Bitcoin's launch in 2009. Recent advancements have demonstrated its transformative potential, particularly in the digital art and global…

General Economics · Economics 2025-02-24 David Lee Kuo Chuen , Yang Li

A blockchain, such as Bitcoin, is an append-only, secure, transparent, distributed ledger. A fair blockchain is expected to have healthy metrics; high honest mining power, low processing latency, i.e., low wait times for transactions and…

Cryptography and Security · Computer Science 2020-03-03 Shoeb Siddiqui , Ganesh Vanahalli , Sujit Gujar

Proof of work cryptocurrencies began with the promise of a more egalitarian future with a decentralized monetary system with no powerful entities in charge. While this vision is far from realized, these cryptocurrencies are still touted to…

Cryptography and Security · Computer Science 2022-03-31 Sishan Long , Soumya Basu , Emin Gün Sirer

Decentralized finance (DeFi) has the potential to disrupt centralized finance by validating peer-to-peer transactions through tamper-proof smart contracts, thus significantly lowering the transaction cost charged by financial…

General Economics · Economics 2023-12-04 Ziqiao Ao , Lin William Cong , Gergely Horvath , Luyao Zhang

This thesis provides an in-depth exploration of the Decentralized Co-governance Crowdfunding (DCC) Ecosystem, a novel solution addressing prevailing challenges in conventional crowdfunding methods faced by MSMEs and innovative projects.…

Computers and Society · Computer Science 2023-06-05 Bingyou Chen , Yu Luo , Jieni Li , Yujian Li , Ying Liu , Fan Yang , Junge Bo , Yanan Qiao

Blockchain technology, with implications in the financial domain, offers data in the form of large-scale transaction networks. Analyzing transaction networks facilitates fraud detection, market analysis, and supports government regulation.…

Computational Engineering, Finance, and Science · Computer Science 2025-01-23 Junliang Luo , Xue Liu

This paper studies the effects of unexpected changes in US monetary policy on digital asset returns. We use event study regressions and find that monetary policy surprises negatively affect BTC and ETH, the two largest digital assets, but…

Statistical Finance · Quantitative Finance 2023-02-22 Antzelos Kyriazis , Iason Ofeidis , Georgios Palaiokrassas , Leandros Tassiulas

Decentralized resource markets are Web 3.0 applications that build open-access platforms for trading digital resources among users without any central management. They promise cost reduction, transparency, and flexible service provision.…

Cryptography and Security · Computer Science 2025-09-25 Mohamed E. Najd , Ghada Almashaqbeh

Bitcoin-NG, a scalable blockchain protocol, divides each block into a key block and many micro blocks to effectively improve the transaction processing capacity. Bitcoin-NG has a special incentive mechanism (i.e. splitting transaction fees…

Cryptography and Security · Computer Science 2020-06-23 Taotao Wang , Xiaoqian Bai , Hao Wang , Soung Chang Liew , Shengli Zhang

In online auctions, fraudulent behaviors such as shill bidding pose significant risks. This paper presents a conceptual framework that applies dynamic, behavior-based penalties to deter auction fraud using blockchain smart contracts. Unlike…

Computer Science and Game Theory · Computer Science 2026-04-16 M. A. Bouaicha , G. Destefanis , T. Montanaro , N. Lasla , L. Patrono

Blockchain technology facilitates the development of decentralized systems that ensure trust and transparency without the need for expensive centralized intermediaries. However, existing blockchain architectures particularly consortium…

Networking and Internet Architecture · Computer Science 2025-11-04 Qi Xia , Hu Xia , Isaac Amankona Obiri , Adjei-Arthur Bonsu , Grace Mupoyi Ntuala , Ansu Badjie , Tienin Bole Wilfried , Jiaqin Liu , Lan Ma , Jianbin Gao , Feng Yao

Traditional blockchain untraceability schemes, such as mixers and privacy coins, obscure the sender-receiver relationship by placing transfers within an anonymity set. This paper studies a stronger goal: whether the transfer event itself…

Cryptography and Security · Computer Science 2026-05-14 Eunchan Park , Kyonghwa Song , Won Hoi Kim , Wonho Song , Min Suk Kang

This paper develops a formal game-theoretic model to examine how protocol mutability disrupts cooperative mining behaviour in blockchain systems. Using a repeated game framework with stochastic rule shocks, we show that even minor…

General Economics · Economics 2025-06-27 Craig Steven Wright

Trading data through blockchain platforms is hard to achieve \textit{fair exchange}. Reasons come from two folds: Firstly, guaranteeing fairness between sellers and consumers is a challenging task as the deception of any participating…

Cryptography and Security · Computer Science 2023-11-01 Erya Jiang , Bo Qin , Qin Wang , Qianhong Wu , Sanxi Li , Wenchang Shi , Yingxin Bi , Wenyi Tang

Decentralised Finance (DeFi) applications constitute an entire financial ecosystem deployed on blockchains. Such applications are based on complex protocols and incentive mechanisms whose financial safety is hard to determine. Besides,…

Software Engineering · Computer Science 2022-09-19 Massimo Bartoletti , James Chiang , Tommi Junttila , Alberto Lluch Lafuente , Massimiliano Mirelli , Andrea Vandin