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Maximal Extractable Value (MEV) is value extractable by temporary monopoly power commonly found in decentralized systems. This extraction stems from a lack of user privacy upon transaction submission and the ability of a monopolist…

Computer Science and Game Theory · Computer Science 2023-09-26 Tarun Chitra

Trading through decentralized exchanges (DEXs) has become crucial in today's blockchain ecosystem, enabling users to swap tokens efficiently and automatically. However, the capacity of miners to strategically order transactions has led to…

Computer Science and Game Theory · Computer Science 2023-09-25 Yuhao Li , Mengqian Zhang , Jichen Li , Elynn Chen , Xi Chen , Xiaotie Deng

Blockchains protect an ecosystem worth more than $500bn with strong security properties derived from the principle of decentralization. Is today's blockchain decentralized? In this paper, we empirically studied one of the least…

Cryptography and Security · Computer Science 2025-05-01 Sen Yang , Kartik Nayak , Fan Zhang

Spectrum access system (SAS) is widely considered the de facto solution to coordinating dynamic spectrum sharing (DSS) and protecting incumbent users. The current SAS paradigm prescribed by the FCC for the CBRS band and standardized by the…

Distributed, Parallel, and Cluster Computing · Computer Science 2022-01-14 Yang Xiao , Shanghao Shi , Wenjing Lou , Chonggang Wang , Xu Li , Ning Zhang , Y. Thomas Hou , Jeffrey H. Reed

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

This paper investigates the issue of fairness in Distributed Ledger Technology (DLT), specifically focusing on the shortcomings observed in current blockchain systems due to Miner Extractable Value (MEV) phenomena and systemic…

Cryptography and Security · Computer Science 2025-04-22 Mayank Raikwar , Nikita Polyanskii , Sebastian Müller

The asset trading volume on blockchain-based exchanges (DEX) increased substantially since the advent of Automated Market Makers (AMM). Yet, AMMs and their forks compete on the same blockchain, incurring unnecessary network and block-space…

Cryptography and Security · Computer Science 2021-06-21 Liyi Zhou , Kaihua Qin , Arthur Gervais

The rapid growth of decentralized finance (DeFi) has led to the widespread use of automated agents, or bots, within blockchain ecosystems like Ethereum, Binance Smart Chain, and Solana. While these bots enhance market efficiency and…

Cryptography and Security · Computer Science 2025-01-22 Ahmed Mounsf Rafik Bendada , Abdelaziz Amara Korba , Mouhamed Amine Bouchiha , Yacine Ghamri-Doudane

Innovative solutions addressing product anti-counterfeiting and record provenance have been deployed across today's internationally spanning supply chain networks. These product anti-counterfeiting solutions are developed and implemented…

Computers and Society · Computer Science 2021-02-03 Neo C. K. Yiu

Billions of dollars are lost every year in DeFi platforms by transactions exploiting business logic or accounting vulnerabilities. Existing defenses focus on static code analysis, public mempool screening, attacker contract detection, or…

Cryptography and Security · Computer Science 2025-10-21 Abdulrahman Alhaidari , Balaji Palanisamy , Prashant Krishnamurthy

Federated real-time object detection using transformers in Intelligent Transportation Systems (ITS) faces three major challenges: (1) missing-class non-IID data heterogeneity from geographically diverse traffic environments, (2) latency…

Cryptography and Security · Computer Science 2026-01-21 Mohoshin Ara Tahera , Sabbir Rahman , Shuvalaxmi Dass , Sharif Ullah , Mahmoud Abouyessef

Proof-of-work (PoW) cryptocurrency blockchains like Bitcoin secure vast amounts of money. Their operators, called miners, expend resources to generate blocks and receive monetary rewards for their effort. Blockchains are, in principle,…

Cryptography and Security · Computer Science 2020-11-06 Michael Mirkin , Yan Ji , Jonathan Pang , Ariah Klages-Mundt , Ittay Eyal , Ari Juels

Maximal extractable value (MEV) in which block proposers unethically gain profits by manipulating the order in which transactions are included within a block, is a key challenge facing blockchains such as Ethereum today. Left unchecked, MEV…

Cryptography and Security · Computer Science 2024-05-16 Yifan Mao , Mengya Zhang , Shaileshh Bojja Venkatakrishnan , Zhiqiang Lin

Cryptocurrency has seen an explosive growth in recent years, thanks to the evolvement of blockchain technology and its economic ecosystem. Besides Bitcoin, thousands of cryptocurrencies have been distributed on blockchains, while hundreds…

Cryptography and Security · Computer Science 2020-06-12 Ru Ji , Ningyu He , Lei Wu , Haoyu Wang , Guangdong Bai , Yao Guo

Blockchain-based systems are frequently governed through tokens that grant their holders voting rights over core protocol functions and funds. The centralisation occurring in Decentralised Finance (DeFi) protocols' token-based voting…

Computational Engineering, Finance, and Science · Computer Science 2025-02-04 Thomas Eisermann , Carlo Campajola , Claudio J. Tessone , Andreia Sofia Teixeira

Blockchains offer strong security gurarantees, but cannot protect users against the ordering of transactions. Players such as miners, bots and validators can reorder various transactions and reap significant profits, called the Maximal…

Cryptography and Security · Computer Science 2023-08-30 Arti Vedula , Shaileshh Bojja Venkatakrishnan , Abhishek Gupta

Blockchain creates a secure environment on top of strict cryptographic assumptions and rigorous security proofs. It permits on-chain interactions to achieve trustworthy properties such as traceability, transparency, and accountability.…

Cryptography and Security · Computer Science 2022-01-04 Chunchi Liu , Hechuan Guo , Minghui Xu , Shengling Wang , Dongxiao Yu , Jiguo Yu , Xiuzhen Cheng

We propose a secure, stateless and composable transaction scheme to establish delivery-versus-payment (DvP) across two (or more) blockchains without relying on time-locks, centralized escrow, or stateful intermediaries. The method minimizes…

Cryptography and Security · Computer Science 2025-11-18 Christian P. Fries , Peter Kohl-Landgraf

With the rise of cryptocurrencies, many new applications built on decentralized blockchains have emerged. Blockchains are full-stack distributed systems where multiple sub-systems interact. While many deployed blockchains and decentralized…

Cryptography and Security · Computer Science 2025-12-16 Ivan Homoliak

Many classical blockchains are known to have an embarrassingly low transaction throughput, down to Bitcoin's notorious seven transactions per second limit.Various proposals and implementations for increasing throughput emerged in the first…

Cryptography and Security · Computer Science 2023-03-08 Lioba Heimbach , Quentin Kniep , Yann Vonlanthen , Roger Wattenhofer
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