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This paper presents a decentralised autonomous organisation (DAO) model that uses non-fungible tokens (NFTs) for identity management and privacy-preserving interactions within a Punishment not Reward (PnR) blockchain mechanism. The proposed…

Cryptography and Security · Computer Science 2025-08-01 Talgar Bayan , Richard Banach

We develop a model of stable assets, including non-custodial stablecoins backed by cryptocurrencies. Such stablecoins are popular methods for bootstrapping price stability within public blockchain settings. We derive fundamental results…

Trading and Market Microstructure · Quantitative Finance 2023-03-31 Ariah Klages-Mundt , Andreea Minca

Authcoin is an alternative approach to the commonly used public key infrastructures such as central authorities and the PGP web of trust. It combines a challenge response-based validation and authentication process for domains,…

Cryptography and Security · Computer Science 2016-09-19 Benjamin Leiding , Clemens H. Cap , Thomas Mundt , Samaneh Rashidibajgan

Financial speculators often seek to increase their potential gains with leverage. Debt is a popular form of leverage, and with over 39.88B USD of total value locked (TVL), the Decentralized Finance (DeFi) lending markets are thriving.…

General Finance · Quantitative Finance 2021-10-04 Kaihua Qin , Liyi Zhou , Pablo Gamito , Philipp Jovanovic , Arthur Gervais

Total Value Locked (TVL) aims to measure the aggregate value of cryptoassets deposited in Decentralized Finance (DeFi) protocols. Although blockchain data is public, the way TVL is computed is not well understood. In practice, its…

General Finance · Quantitative Finance 2025-05-21 Pietro Saggese , Michael Fröwis , Stefan Kitzler , Bernhard Haslhofer , Raphael Auer

The use of blockchains for automated and adversarial trading has become commonplace. However, due to the transparent nature of blockchains, an adversary is able to observe any pending, not-yet-mined transactions, along with their execution…

Cryptography and Security · Computer Science 2024-02-16 Kaihua Qin , Stefanos Chaliasos , Liyi Zhou , Benjamin Livshits , Dawn Song , Arthur Gervais

Protecting sensitive information in data-driven collaborations, such as AI training, while meeting the diverse requirements of multiple mutually distrusted stakeholders, is both crucial and challenging. This paper presents Styx, a novel…

Cryptography and Security · Computer Science 2026-04-07 Shixuan Zhao , Weicheng Wang , Ninghui Li , Zhiqiang Lin

The sharing economy is centralizing services, leading to misuses of the Internet. We can list growing damages of data hacks, global outages and even the use of data to manipulate their owners. Unfortunately, there is no decentralized web…

Distributed, Parallel, and Cluster Computing · Computer Science 2022-03-24 Deepal Tennakoon , Yiding Hua , Vincent Gramoli

The developed system aims to incorporate a private blockchain technology in the procurement process for the supply office. The procurement process includes the canvassing, purchasing, delivery and inspection of items, inventory, and…

Cryptography and Security · Computer Science 2024-07-15 Alonel A. Hugo , Gerard Nathaniel C. Ngo

The number of embedded devices that connect to a wireless network has been growing for the past decade. This interaction creates a network of Internet of Things (IoT) devices where data travel continuously. With the increase of devices and…

Cryptography and Security · Computer Science 2021-08-12 Marc Jayson Baucas , Petros~Spachos , Konstantinos Plataniotis

While Proof-of-Work (PoW) is the most widely used consensus mechanism for blockchain, it received harsh criticism due to its massive waste of energy for meaningless hash calculation. Some studies have introduced Proof-of-Stake to address…

Distributed, Parallel, and Cluster Computing · Computer Science 2020-04-02 Weilin Zheng , Xu Chen , Zibin Zheng , Xiapu Luo , Jiahui Cui

The adoption of decentralized, tamper-proof ledger systems is paving the way for new applications and opportunities in different contexts. While most research aims to improve their scalability, privacy, and governance issues,…

Distributed, Parallel, and Cluster Computing · Computer Science 2023-05-29 Ivan Homoliak , Martin Perešíni , Patrik Holop , Jakub Handzuš , Fran Casino

Large Language Models (LLMs) deployed on mobile devices offer benefits like user privacy and reduced network latency, but introduce a significant security risk: the leakage of proprietary models to end users. To mitigate this risk, we…

Cryptography and Security · Computer Science 2025-11-18 Xunjie Wang , Jiacheng Shi , Zihan Zhao , Yang Yu , Zhichao Hua , Jinyu Gu

Blockchain technology is an interlinked systematic chain of blocks that contains transaction history and other user data. It works under the principle of decentralized distributed digital ledger. This technology enables cryptographically…

Cryptography and Security · Computer Science 2020-12-25 AKM Bahalul Haque , Mahbubur Rahman

Since its inception as a solution for secure cryptocurrencies sharing in 2008, the blockchain technology has now become one of the core technologies for secure data sharing and storage over trustless and decentralised peer-to-peer systems.…

Cryptography and Security · Computer Science 2020-06-26 Noe Elisa , Longzhi Yang , Honglei Li , Fei Chao , Nitin Naik

A cryptocurrency is a decentralized digital currency that is designed for secure and private asset transfer and storage. As a currency, it should be difficult to counterfeit and double-spend. In this paper, we review and analyze the major…

Cryptography and Security · Computer Science 2019-04-26 Ehab Zaghloul , Tongtong Li , Matt Mutka , Jian Ren

In this study, we overview the problems associated with the usability of cryptocurrency wallets, such as those used by ZCash, for end-users. The concept of "holistic privacy," where information leaks in one part of a system can violate the…

Cryptography and Security · Computer Science 2021-05-07 Harry Halpin

Encrypted cloud storage services are steadily increasing in popularity, with many commercial solutions currently available. In such solutions, the cloud storage is trusted for data availability, but not for confidentiality. Additionally,…

Cryptography and Security · Computer Science 2020-10-28 Anders Dalskov , Daniele Lain , Enis Ulqinaku , Kari Kostiainen , Srdjan Capkun

The recent proliferation of blockchain-based decentralized applications (DApp) has catalyzed transformative advancements in distributed systems, with extensive deployments observed across financial, entertainment, media, and cybersecurity…

Cryptography and Security · Computer Science 2026-02-10 Haoyang Sun , Yishun Wang , Xiaoqi Li

Cross-chain transactions today remain slow, costly, and fragmented. Existing custodial exchanges expose users to counterparty and centralization risks, while non-custodial liquidity bridges suffer from capital inefficiency and slow…

Cryptography and Security · Computer Science 2025-09-08 Di Wu , Jingyu Liu , Xuechao Wang , Jian Liu , Yingjie Xue , Kui Ren , Chun Chen
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