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Permisionless decentralized ledgers ("blockchains") such as the one underlying the cryptocurrency Bitcoin allow anonymous participants to maintain the ledger, while avoiding control or "censorship" by any single entity. In contrast,…

Distributed, Parallel, and Cluster Computing · Computer Science 2016-06-27 Maurice Herlihy , Mark Moir

Blockchain technology has experienced substantial growth in recent years, yet the diversity of blockchain applications has been limited. Blockchain provides many desirable features for applications, including being append-only, immutable,…

Cryptography and Security · Computer Science 2023-05-09 Collin Connors , Dilip Sarkar

The emergence of quantum computing presents profound challenges to existing cryptographic infrastructures, whilst the development of central bank digital currencies (CBDCs) has raised concerns regarding privacy preservation and excessive…

Emerging Technologies · Computer Science 2025-07-21 Serhan W. Bahar

Bitcoin is the first implementation of what has become known as a 'public permissionless' blockchain. Guaranteeing security and protocol conformity through its elegant combination of cryptographic assurances and game theoretic economic…

Cryptography and Security · Computer Science 2018-02-23 D. McGinn , D McIlwraith , Y. Guo

The increasing availability of data from diverse sources, including trusted entities such as governments, as well as untrusted crowd-sourced contributors, demands a secure and trustworthy environment for storage and retrieval. Blockchain,…

Distributed, Parallel, and Cluster Computing · Computer Science 2025-03-27 Aishwarya Parab , Prakhar Pradhan , Yogesh Simmhan , Arnab K. Paul

Cryptocurrency exchanges use proofs of liabilities (PoLs) to prove to their customers their liabilities committed on-chain, thereby enhancing their trust in the service. Unfortunately, a close examination of currently deployed and academic…

Cryptography and Security · Computer Science 2026-03-16 Malcom Mohamed , Ghassan Karame

Decentralized Ledger Technology, popularized by the Bitcoin network, aims to keep track of a ledger of valid transactions between agents of a virtual economy without a central institution for coordination. In order to keep track of a…

Systems and Control · Computer Science 2018-07-04 Michael Zargham , Zixuan Zhang , Victor Preciado

We propose the formal study of governed blockchains that are owned and controlled by organizations and that neither create cryptocurrencies nor provide any incentives to solvers of cryptographic puzzles. We view such approaches as…

Cryptography and Security · Computer Science 2017-05-17 Leif-Nissen Lundbaek , Andrea Callia D'Iddio , Michael Huth

Bitcoin is a popular cryptocurrency that records alltransactions in a distributed append-only public ledger calledblockchain. The security of Bitcoin heavily relies on the incentive-compatible proof-of-work (PoW) based distributed consensus…

Cryptography and Security · Computer Science 2018-06-05 Mauro Conti , Sandeep Kumar E , Chhagan Lal , Sushmita Ruj

Distributed ledger technology has gained wide popularity and adoption since the emergence of bitcoin in 2008 which is based on proof of work (PoW). It is a distributed, transparent and immutable database of records of all the transactions…

Distributed, Parallel, and Cluster Computing · Computer Science 2018-10-10 Abdul Wahab , Waqas Mehmood

Owing to Satoshi Nakamoto's brilliant idea, a P2P public ledger is shown to be implementable in anonymous network. Any Internet user can then join the anonymous network and contribute to the P2P public ledger by providing their computing…

Cryptography and Security · Computer Science 2018-07-02 DaeHun Nyang

The Financial system has witnessed rapid technological changes. The rise of Bitcoin and other crypto assets based on Distributed Ledger Technology mark a fundamental change in the way people transact and transmit value over a decentralized…

General Finance · Quantitative Finance 2024-10-02 Arindam Misra

The rise of crypto-currencies has spawned great interest in their underlying technology, namely, Blockchain. The central component in a Blockchain is a shared distributed ledger. A ledger comprises series of blocks, which in turns contains…

Distributed, Parallel, and Cluster Computing · Computer Science 2018-05-04 Qi Zhang , Petr Novotny , Salman Baset , Donna Dillenberger , Artem Barger , Yacov Manevich

The Private Proof of Solvency is a groundbreaking solution in the realm of Proof of Solvency, offering a secure, efficient, and privacy-preserving method for crypto custody providers such as centralized cryptocurrency exchanges or…

Cryptography and Security · Computer Science 2023-10-24 Hamid Bateni , Keyvan Kambakhsh

Bitcoin brings a new type of digital currency that does not rely on a central system to maintain transactions. By benefiting from the concept of decentralized ledger, users who do not know or trust each other can still conduct transactions…

Cryptography and Security · Computer Science 2019-09-17 Zhimin Gao , Lei Xu , Keshav Kasichainula , Lin Chen , Bogdan Carbunar , Weidong Shi

Cryptocurrencies aim to replicate physical cash in the digital realm while removing centralized and trusted intermediaries. Decentralization is achieved by the blockchain, a permanent public ledger that contains a record of every…

Cryptography and Security · Computer Science 2024-06-04 Domokos Miklós Kelen , István András Seres

Blockchain is a decentralized ledger used to securely exchange digital currency, perform deals and transactions efficient manner, each user of the network has access to the least copy of the encrypted ledger so that they can validate a new…

Cryptography and Security · Computer Science 2022-01-03 Bosubabu Sambana

Public blockchains provide a decentralized method for storing transaction data and have many applications in different sectors. In order for users to track transactions, a simple method is to let them keep a local copy of the entire public…

Cryptography and Security · Computer Science 2018-11-13 Lei Xu , Lin Chen , Zhimin Gao , Shouhuai Xu , Weidong Shi

Satoshi Nakamoto's Blockchain allows to build publicly verifiable and almost immutable ledgers, but sometimes privacy has to be factored in. In this work an original protocol is presented that allows sensitive data to be stored on a ledger…

Cryptography and Security · Computer Science 2020-07-10 Riccardo Longo , Massimiliano Sala

Bitcoin's Proof of Work (PoW) mechanism, while central to achieving decentralized consensus, has long been criticized for excessive energy use and hardware inefficiencies \cite{devries2018bitcoin, truby2018decarbonizing}. This paper…

Cryptography and Security · Computer Science 2025-08-19 Mohammad Ishzaz Asif Rafid , Morsalin Sakib
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