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Most self-service payment terminals require network connectivity for processing electronic payments. The necessity to maintain network connectivity increases costs, introduces cybersecurity risks, and significantly limits the number of…

Distributed, Parallel, and Cluster Computing · Computer Science 2021-07-20 Nikolay Ivanov , Qiben Yan

SPEEDEX is a decentralized exchange (DEX) that lets participants securely trade assets without giving any single party undue control over the market. SPEEDEX offers several advantages over prior DEXes. It achieves high throughput -- over…

Distributed, Parallel, and Cluster Computing · Computer Science 2023-03-06 Geoffrey Ramseyer , Ashish Goel , David Mazières

We study the economics of the Ethereum improvement proposal 4844 and its effect on rollups' data posting strategies. Rollups' cost consists of two parts: data posting and delay. In the new proposal, the data posting cost corresponds to a…

Computer Science and Game Theory · Computer Science 2023-10-03 Davide Crapis , Edward W. Felten , Akaki Mamageishvili

We develop a model of coordination and allocation of decentralized multi-sided markets, in which our theoretical analysis is promisingly optimizing the decentralized transaction packaging process at high-throughput blockchains or Web 3.0…

General Economics · Economics 2023-01-27 Yuxuan Lu , Qian Qi , Xi Chen

Ethereum has adopted a rollup-centric roadmap to scale by making rollups (layer 2 scaling solutions) the primary method for handling transactions. The first significant step towards this goal was EIP-4844, which introduced blob transactions…

Computational Engineering, Finance, and Science · Computer Science 2025-02-19 Lioba Heimbach , Jason Milionis

Bitcoin is the first fully-decentralized permissionless blockchain protocol to achieve a high level of security, but at the expense of poor throughput and latency. Scaling the performance of Bitcoin has a been a major recent direction of…

Distributed, Parallel, and Cluster Computing · Computer Science 2023-02-20 Lei Yang , Xuechao Wang , Vivek Bagaria , Gerui Wang , Mohammad Alizadeh , David Tse , Giulia Fanti , Pramod Viswanath

We present the first Systematization of Knowledge (SoK) on constructing Layer Two (L2) solutions for Bitcoin. We carefully examine a representative subset of ongoing Bitcoin L2 solutions (40 out of 335 extensively investigated cases) and…

Cryptography and Security · Computer Science 2024-09-05 Minfeng Qi , Qin Wang , Zhipeng Wang , Manvir Schneider , Tianqing Zhu , Shiping Chen , William Knottenbelt , Thomas Hardjono

Blockchain transactions have gained widespread adoption across various industries, largely attributable to their unparalleled transparency and robust security features. Nevertheless, this technique introduces various privacy concerns,…

Cryptography and Security · Computer Science 2023-12-19 Yuping Yan , George Shao , Dennis Song , Mason Song , Yaochu Jin

Cryptocurrency exchange platforms such as Coinbase, Binance, enable users to purchase and sell cryptocurrencies conveniently just like trading stocks/commodities. However, because of the nature of blockchain, when a user withdraws coins…

Cryptography and Security · Computer Science 2023-09-06 Ya-nan Li , Tian Qiu , Qiang Tang

In this work, fundamental limits and optimal mechanisms of privacy-preserving data release that aims to minimize the privacy leakage under utility constraints of a set of multiple tasks are investigated. While the private feature to be…

Information Theory · Computer Science 2024-09-04 Ta-Yuan Liu , I-Hsiang Wang

The development of large-scale distributed control systems has led to the outsourcing of costly computations to cloud-computing platforms, as well as to concerns about privacy of the collected sensitive data. This paper develops a…

Optimization and Control · Mathematics 2019-09-17 Andreea B. Alexandru , Konstantinos Gatsis , Yasser Shoukry , Sanjit A. Seshia , Paulo Tabuada , George J. Pappas

We consider the setting of publishing data without leaking sensitive information. We do so in the framework of Robust Local Differential Privacy (RLDP). This ensures privacy for all distributions of the data in an uncertainty set. We…

Information Theory · Computer Science 2022-05-11 Jasper Goseling , Milan Lopuhaä-Zwakenberg

Many blockchain consensus protocols have been proposed recently to scale the throughput of a blockchain with available bandwidth. However, these protocols are becoming increasingly complex, making it more and more difficult to produce…

Distributed, Parallel, and Cluster Computing · Computer Science 2019-05-09 Haifeng Yu , Ivica Nikolic , Ruomu Hou , Prateek Saxena

Existing large-scale optimization schemes are challenged by both scalability and cyber-security. With the favorable scalability, adaptability, and flexibility, decentralized and distributed optimization paradigms are widely adopted in…

Optimization and Control · Mathematics 2020-12-23 Xiang Huo , Mingxi Liu

Loyalty programs in the form of punch cards that can be redeemed for benefits have long been a ubiquitous element of the consumer landscape. However, their increasingly popular digital equivalents, while providing more convenience and…

Cryptography and Security · Computer Science 2021-02-22 Saba Eskandarian

Quartierstrom creates a peer-to-peer marketplace for locally generated solar power. The marketplace is implemented as a smart contract on a permissioned blockchain governed by all prosumers. Two privacy-by-design concepts are presented…

Cryptography and Security · Computer Science 2019-05-21 Alain Brenzikofer , Noa Melchior

While quantitative automation related to trading crypto-assets such as ERC-20 tokens has become relatively commonplace, with services such as 3Commas and Shrimpy offering user-friendly web-driven services for even the average crypto trader,…

Cryptography and Security · Computer Science 2021-09-24 Ceren Kocaoğullar , Arthur Gervais , Benjamin Livshits

Cryptocurrency off-chain networks such as Lightning (e.g., Bitcoin) or Raiden (e.g., Ethereum) aim to increase the scalability of traditional on-chain transactions. To support nodes in learning about possible paths to route their…

Cryptography and Security · Computer Science 2020-03-03 Utz Nisslmueller , Klaus-Tycho Foerster , Stefan Schmid , Christian Decker

Cryptocurrencies have received a lot of research attention in recent years following the release of the first cryptocurrency Bitcoin. With the rise in cryptocurrency transactions, the need for smart contracts has also increased. Smart…

Cryptography and Security · Computer Science 2022-05-17 Aritra Banerjee , Michael Clear , Hitesh Tewari

In the era of social media and messaging applications, people are becoming increasingly aware of data privacy issues associated with such apps. Major messaging applications are moving towards end-to-end encryption (E2EE) to give their users…

Cryptography and Security · Computer Science 2021-08-02 Raman Singh , Ark Nandan Singh Chauhan , Hitesh Tewari