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We analyze maximal extractable value in multiple concurrent proposer blockchains, where multiple blocks become data available before their final execution order is determined. This concurrency breaks the single builder assumption of…

Computer Science and Game Theory · Computer Science 2025-11-18 Steven Landers , Benjamin Marsh

Merkle structures are widely used as commitment schemes: they allow a prover to publish a compact commitment to an ordered list $X$ of items, and then efficiently prove to a verifier that $x_i\in X$ is the $i$-th item in it. We compare…

Data Structures and Algorithms · Computer Science 2025-11-18 Alfonso Cevallos , Robert Hambrock , Alistair Stewart

We develop a formalism for reasoning about trading on decentralized exchanges on blockchains and a formulation of a particular form of maximal extractable value (MEV) that represents the total arbitrage opportunity extractable from on-chain…

Mathematical Finance · Quantitative Finance 2023-04-24 Alan Guo

Initially introduced to Ethereum via Flashbots' MEV-boost, Proposer-Builder Separation allows proposers to auction off blockspace to a market of transaction orderers, known as builders. PBS is currently available to validators through the…

Cryptography and Security · Computer Science 2025-06-24 Maxwell Koegler

Multi-signature is a protocol where a set of signatures jointly sign a message so that the final signature is significantly shorter than concatenating individual signatures together. Recently, it finds applications in blockchain, where…

Cryptography and Security · Computer Science 2023-02-07 Shaoquan Jiang , Dima Alhadidi , Hamid Fazli Khojir

We propose a conceptual design for a quantum blockchain. Our method involves encoding the blockchain into a temporal GHZ (Greenberger-Horne-Zeilinger) state of photons that do not simultaneously coexist. It is shown that the entanglement in…

Quantum Physics · Physics 2019-04-19 Del Rajan , Matt Visser

Blockchains have seen growing traction with cryptocurrencies reaching a market cap of over 1 trillion dollars, major institution investors taking interests, and global impacts on governments, businesses, and individuals. Also growing…

Cryptography and Security · Computer Science 2022-10-04 Tiancheng Xie , Jiaheng Zhang , Zerui Cheng , Fan Zhang , Yupeng Zhang , Yongzheng Jia , Dan Boneh , Dawn Song

Smart contracts are autonomous and immutable pieces of code that are deployed on blockchain networks and run by miners. They were first introduced by Ethereum in 2014 and have since been used for various applications such as security…

Software Engineering · Computer Science 2024-07-08 Mahdi Fooladgar , Fathiyeh Faghih

In the paper, we present designs for multiple blockchain consensus primitives and a novel blockchain system, all based on the use of trusted execution environments (TEEs), such as Intel SGX-enabled CPUs. First, we show how using TEEs for…

Cryptography and Security · Computer Science 2017-03-17 Mitar Milutinovic , Warren He , Howard Wu , Maxinder Kanwal

Modern blockchain applications benefit from the ability to specify sequencing constraints on the transactions that interact with them. This paper proposes a principled and axiomatically justified way of adding sequencing constraints on…

Databases · Computer Science 2026-01-29 Naveen Durvasula

In the context of decentralized blockchains, accurately simulating the outcome of order flow auctions (OFAs) off-chain is challenging due to adversarial sequencing, encrypted bids, and frequent state changes. Existing approaches, such as…

Computer Science and Game Theory · Computer Science 2025-03-12 Alex Watts , Davide Sinesi , Jacob Greene

Delegation of cryptographic signing rights has found many application in the literature and the real world. However, despite very advanced functionalities and specific use cases, existing solutions share the natural limitation that the…

Cryptography and Security · Computer Science 2022-10-07 Stephan Krenn , Thomas Lorünser

In this paper we propose a comprehensive and scalable framework to build secure-by-design e-voting systems. Decentralization, transparency, determinism, and untamperability of votes are granted by dedicated smart contracts on a blockchain,…

Cryptography and Security · Computer Science 2021-11-04 Antonio Russo , Antonio Fernández Anta , Maria Isabel González Vasco , Simon Pietro Romano

With the widespread adoption of blockchain technology, the transaction fee mechanism (TFM) in blockchain systems has become a prominent research topic. An ideal TFM should satisfy user incentive compatibility (UIC), miner incentive…

Distributed, Parallel, and Cluster Computing · Computer Science 2024-06-28 Kun Li , Guangpeng Qi , Guangyong Shang , Wanli Deng , Minghui Xu , Xiuzhen Cheng

Atomic swaps have been widely considered to be an ideal solution for cross-chain cryptocurrency transactions due to their trustless and decentralized nature. However, their adoption in practice has been strictly limited compared to…

Cryptography and Security · Computer Science 2025-03-18 Ethan Francolla , Arnav Shah

Classic BFT consensus protocols guarantee safety and liveness for all clients if fewer than one-third of replicas are faulty. However, in applications such as high-value payments, some clients may want to prioritize safety over liveness.…

Distributed, Parallel, and Cluster Computing · Computer Science 2023-12-05 Joachim Neu , Srivatsan Sridhar , Lei Yang , David Tse

Conditional information reveal systems automate the release of information upon meeting specific predefined conditions, such as time or location. This paper introduces a breakthrough in the understanding, design, and application of…

Cryptography and Security · Computer Science 2025-01-28 Zhuolun Li , Srijoni Majumdar , Evangelos Pournaras

Currently, blockchain proposals are being adopted to solve security issues, such as data integrity, resilience, and non-repudiation. To improve certain aspects, e.g., energy consumption and latency, of traditional blockchains, different…

Cryptography and Security · Computer Science 2020-05-05 Henry C. Nunes , Roben C. Lunardi , Avelin F. Zorzo , Regio A. Michelin , Salil S. Kanhere

Sealed-bid auctions ensure fair competition and efficient allocation but are often deployed on centralized infrastructure, enabling opaque manipulation. Public blockchains eliminate central control, yet their inherent transparency conflicts…

Cryptography and Security · Computer Science 2025-10-23 Jonas Gebele , Timm Mutzel , Burak Oez , Florian Matthes

Stern's signature scheme is a historically important code-based signature scheme. A crucial optimization of this scheme is to generate pseudo-random vectors and a permutation instead of random ones, and most proposals that are based on…

Cryptography and Security · Computer Science 2024-08-29 André Chailloux , Simona Etinski
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