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Recently, the birth of non-fungible tokens (NFTs) has attracted great attention. NFTs are capable of representing users' ownership on the blockchain and have experienced tremendous market sales due to their popularity. Unfortunately, the…

Software Engineering · Computer Science 2023-08-07 Shuo Yang , Jiachi Chen , Zibin Zheng

The development of blockchain technologies has enabled the trustless execution of so-called smart contracts, i.e. programs that regulate the exchange of assets (e.g., cryptocurrency) between users. In a decentralized blockchain, the state…

Programming Languages · Computer Science 2020-04-28 Massimo Bartoletti , Letterio Galletta , Maurizio Murgia

In this paper, we propose a fully decentralized and smart contract-based insurance protocol. We identify various issues in the Decentralized Finance (DeFi) insurance context and propose a solution to overcome these shortcomings. We…

General Finance · Quantitative Finance 2022-12-21 Matthias Nadler , Felix Bekemeier , Fabian Schär

As blockchain ecosystems grow, financially motivated attackers increasingly exploit decentralized finance (DeFi) protocols, causing frequent and severe losses. Unlike conventional cyberattacks, DeFi exploits propagate rapidly due to the…

Cryptography and Security · Computer Science 2026-04-30 Bowen Cai , Weiheng Bai , Youshui Lu , Haoran Xu , Yuannan Yang , Yajin Zhou , Kangjie Lu

Smart contracts manage a large number of digital assets nowadays. Bugs in these contracts have led to significant financial loss. Verifying the correctness of smart contracts is, therefore, an important task. This paper presents an…

Software Engineering · Computer Science 2023-08-03 Haoxian Chen , Lan Lu , Brendan Massey , Yuepeng Wang , Boon Thau Loo

In recent years, Decentralized Finance (DeFi) grows rapidly due to the development of blockchain technology and smart contracts. As of March 2023, the estimated global cryptocurrency market cap has reached approximately $949 billion.…

Software Engineering · Computer Science 2024-03-05 Zewei Lin , Jiachi Chen , Zibin Zheng , Jiajing Wu , Weizhe Zhang , Yongjuan Wang

Smart contracts are programs that execute transactions involving independent parties and cryptocurrencies. As programs, smart contracts are susceptible to a wide range of errors and vulnerabilities. Such vulnerabilities can result in…

Cryptography and Security · Computer Science 2023-07-03 Sundas Munir , Walid Taha

Smart contracts are essential to decentralized finance (DeFi) and blockchain ecosystems but are increasingly vulnerable to exploits due to coding errors and complex attack vectors. Traditional static analysis tools and existing…

Cryptography and Security · Computer Science 2025-02-20 Jun Kevin , Pujianto Yugopuspito

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

Intent-based cross-chain bridges have emerged as an alternative to traditional interoperability protocols by allowing off-chain entities (\emph{solvers}) to immediately fulfill users' orders by fronting their own liquidity. While improving…

Cryptography and Security · Computer Science 2026-02-23 André Augusto , Christof Ferreira Torres , André Vasconcelos , Miguel Correia

Most blockchains cannot hide the binary code of programs (i.e., smart contracts) running on them. To conceal proprietary business logic and to potentially deter attacks, many smart contracts are closed-source and employ layers of…

Cryptography and Security · Computer Science 2025-09-09 Sen Yang , Kaihua Qin , Aviv Yaish , Fan Zhang

Front-running attacks have been a major concern on the blockchain. Attackers launch front-running attacks by inserting additional transactions before upcoming victim transactions to manipulate victim transaction executions and make profits.…

Software Engineering · Computer Science 2023-05-04 Wuqi Zhang , Lili Wei , Shing-Chi Cheung , Yepang Liu , Shuqing Li , Lu Liu , Michael R. Lyu

Smart contract technology facilitates self-executing agreements on the blockchain, eliminating dependency on an external trusted authority. However, smart contracts may expose vulnerabilities that can lead to financial losses and…

Cryptography and Security · Computer Science 2026-01-14 Emre Balci , Timucin Aydede , Gorkem Yilmaz , Ece Gelal Soyak

Smart contracts are increasingly being used to manage large numbers of high-value cryptocurrency accounts. There is a strong demand for automated, efficient, and comprehensive methods to detect security vulnerabilities in a given contract.…

Cryptography and Security · Computer Science 2023-04-14 Michael Rodler , David Paaßen , Wenting Li , Lukas Bernhard , Thorsten Holz , Ghassan Karame , Lucas Davi

Peer-to-peer trading and the move to decentralized grids have reshaped the energy markets in the United States. Notwithstanding, such developments lead to new challenges, mainly regarding the safety and authenticity of energy trade. This…

Smart contracts are a secure and trustworthy application that plays a vital role in decentralized applications in various fields such as insurance,the internet, and gaming. However, in recent years, smart contract security breaches have…

Cryptography and Security · Computer Science 2026-01-19 Jixuan Wu , Lei Xie , Xiaoqi Li

The decentralized and trustless nature of cryptocurrencies and blockchain technology leads to a shift in the digital world. The possibility to execute small programs, called smart contracts, on cryptocurrencies like Ethereum opened doors to…

Cryptography and Security · Computer Science 2021-01-15 Hendrik Amler , Lisa Eckey , Sebastian Faust , Marcel Kaiser , Philipp Sandner , Benjamin Schlosser

Permissionless blockchains offer an information environment where users can interact privately without fear of censorship. Financial services can be programmatically coded via smart contracts to automate transactions without the need for…

General Finance · Quantitative Finance 2022-12-13 Kanis Saengchote

Decentralized Finance (DeFi) refers to financial services that are not necessarily related to crypto-currencies. By employing blockchain for security and integrity, DeFi creates new possibilities that attract retail and institution users,…

Cryptography and Security · Computer Science 2024-04-18 Krzysztof Gogol , Christian Killer , Malte Schlosser , Thomas Bocek , Burkhard Stiller , Claudio Tessone

Billions of dollars are transacted through smart contracts, making vulnerabilities a major financial risk. One focus in the security arms race is on profitable vulnerabilities that attackers can exploit. Fuzzing is a key method for…

Cryptography and Security · Computer Science 2025-02-13 Ziqiao Kong , Cen Zhang , Maoyi Xie , Ming Hu , Yue Xue , Ye Liu , Haijun Wang , Yang Liu
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