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The paper examines decentralized cryptocurrency protocols that are based on the use of internal tokens as identity tools. An analysis of security problems with popular Proof-of-stake consensus protocols is provided. A new protocol,…

Cryptography and Security · Computer Science 2016-01-12 Alexander Chepurnoy

Permissionless consensus protocols require a scarce resource to regulate leader election and provide Sybil resistance. Existing paradigms such as Proof of Work and Proof of Stake instantiate this scarcity through parallelizable resources…

Distributed, Parallel, and Cluster Computing · Computer Science 2026-01-09 Homayoun Maleki , Nekane Sainz , Jon Legarda

Due to the increasing interest in blockchain technology for fostering secure, auditable, decentralized applications, a set of challenges associated with this technology need to be addressed. In this letter, we focus on the delay associated…

Networking and Internet Architecture · Computer Science 2022-02-04 Francesc Wilhelmi , Sergio Barrachina-Muñoz , Paolo Dini

This paper proposes a model that enables permissionless and decentralized networks for complex computations. We explore the integration and optimize load balancing in an open, decentralized computational network. Our model leverages…

Computational Finance · Quantitative Finance 2025-01-03 German Rodikov

Open-access blockchains based on proof-of-work protocols have gained tremendous popularity for their capabilities of providing decentralized tamper-proof ledgers and platforms for data-driven autonomous organization. Nevertheless, the…

Cryptography and Security · Computer Science 2019-05-14 Shaohan Feng , Wenbo Wang , Zehui Xiong , Dusit Niyato , Ping Wang , Shaun Shuxun Wang

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

Proof of Work (PoW) based cyberdefense systems require incoming network requests to expend effort solving an arbitrary mathematical puzzle. Current state of the art is unable to differentiate between trustworthy and untrustworthy…

Cryptography and Security · Computer Science 2022-03-22 Trisha Chakraborty , Shaswata Mitra , Sudip Mittal , Maxwell Young

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

The Nakamoto longest chain protocol is remarkably simple and has been proven to provide security against any adversary with less than 50% of the total hashing power. Proof-of-stake (PoS) protocols are an energy efficient alternative;…

Cryptography and Security · Computer Science 2020-02-25 Vivek Bagaria , Amir Dembo , Sreeram Kannan , Sewoong Oh , David Tse , Pramod Viswanath , Xuechao Wang , Ofer Zeitouni

As Large Language Models (LLMs) gain traction across critical domains, ensuring secure and trustworthy training processes has become a major concern. Backdoor attacks, where malicious actors inject hidden triggers into training data, are…

Cryptography and Security · Computer Science 2025-10-20 Issam Seddik , Sami Souihi , Mohamed Tamaazousti , Sara Tucci Piergiovanni

This paper presents a study of the Poof-of-Stake (PoW) Ethereum consensus protocol, following the recent switch from Proof-of-Work (PoS) to Proof-of-Stake within Merge upgrade. The new protocol has resulted in reduced energy consumption and…

Computer Science and Game Theory · Computer Science 2023-05-24 Benjamin Kraner , Nicolò Vallarano , Claudio J. Tessone , Caspar Schwarz-Schilling

Blockchain systems based on a reusable resource, such as proof-of-stake (PoS), provide weaker security guarantees than those based on proof-of-work. Specifically, they are vulnerable to long-range attacks, where an adversary can corrupt…

Cryptography and Security · Computer Science 2022-10-14 Sarah Azouvi , Marko Vukolić

As an emerging decentralized secure data management platform, blockchain has gained much popularity recently. To maintain a canonical state of blockchain data record, proof-of-work based consensus protocols provide the nodes, referred to as…

Computer Science and Game Theory · Computer Science 2020-03-30 Yutao Jiao , Ping Wang , Dusit Niyato , Kongrath Suankaewmanee

Blockchain protocols differ in fundamental ways, including the mechanics of selecting users to produce blocks (e.g., proof-of-work vs. proof-of-stake) and the method to establish consensus (e.g., longest chain rules vs. Byzantine…

Distributed, Parallel, and Cluster Computing · Computer Science 2021-02-05 Andrew Lewis-Pye , Tim Roughgarden

Proof-of-Space provides an intriguing alternative for consensus protocol of permissionless blockchains due to its recyclable nature and the potential to support multiple chains simultaneously. However, a direct shared proof of the same…

Cryptography and Security · Computer Science 2019-07-19 Shuyang Tang , Jilai Zheng , Yao Deng , Ziyu Wang , Zhiqiang Liu , Dawu Gu

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

A problem of developing the consensus protocols in public blockchain systems which spend a combination of energy and space resources is addressed. A technique is proposed that provides a flexibility for selection of the energy and space…

Cryptography and Security · Computer Science 2019-11-19 Miodrag J. Mihaljevic

Machine learning has made remarkable advancements, but confidently utilising learning-enabled components in safety-critical domains still poses challenges. Among the challenges, it is known that a rigorous, yet practical, way of achieving…

Machine Learning · Computer Science 2024-09-21 Saddek Bensalem , Chih-Hong Cheng , Wei Huang , Xiaowei Huang , Changshun Wu , Xingyu Zhao

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

Permissionless Proof-of-Stake (PoS) economic security is predicated on the high cost of violating consensus safety or liveness. We show that liquid staking introduces additional risks that are not captured by standard PoS economic security…

Computer Science and Game Theory · Computer Science 2026-05-05 Sen Yang , Aviv Yaish , Arthur Gervais , Fan Zhang