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Blockchain is a type of decentralized distributed network which acts as an immutable digital ledger. Despite the absence of any central governing authority to validate the blocks in the ledger, it is considered secure and immutable due to…

Distributed, Parallel, and Cluster Computing · Computer Science 2021-09-07 Shashank Joshi

Censorship resistance with short-term inclusion guarantees is an important feature of decentralized systems, missing from many state-of-the-art and even deployed consensus protocols. In leader-based protocols the leader arbitrarily selects…

Distributed, Parallel, and Cluster Computing · Computer Science 2025-08-19 Orestis Alpos , Bernardo David , Nikolas Kamarinakis , Dionysis Zindros

Recently, two attacks were presented against Proof-of-Stake (PoS) Ethereum: one where short-range reorganizations of the underlying consensus chain are used to increase individual validators' profits and delay consensus decisions, and one…

Cryptography and Security · Computer Science 2021-10-20 Caspar Schwarz-Schilling , Joachim Neu , Barnabé Monnot , Aditya Asgaonkar , Ertem Nusret Tas , David Tse

Proof-of-Work (PoW) is a fundamental underlying technology behind most major blockchain cryptocurrencies. It has been previously pointed out that quantum devices provide a computational advantage in performing PoW in the context of Bitcoin.…

Quantum Physics · Physics 2021-05-06 Dan A. Bard , Joseph J. Kearney , Carlos A. Perez-Delgado

This paper presents a study of the Poof-of-Stake (PoW) Ethereum consensus protocol, following the recent switch from Proof-of-Work (PoS) to Proof-of-Stake within Merge upgrade. The new protocol has resulted in reduced energy consumption and…

Computer Science and Game Theory · Computer Science 2023-05-24 Benjamin Kraner , Nicolò Vallarano , Claudio J. Tessone , Caspar Schwarz-Schilling

Consensus is fundamental for distributed systems since it underpins key functionalities of such systems ranging from distributed information fusion, decision-making, to decentralized control. In order to reach an agreement, existing…

Optimization and Control · Mathematics 2018-12-27 Minghao Ruan , Huan Gao , Yongqiang Wang

The consensus protocol named proof of work (PoW) is widely applied by cryptocurrencies like Bitcoin. Although security of a PoW cryptocurrency is always the top priority, it is threatened by mining attacks like selfish mining. Researchers…

Cryptography and Security · Computer Science 2019-07-09 Hanqing Liu , Na Ruan , Joseph K. Liu

Consensus algorithms play a critical role in blockchains and directly impact their performance. During consensus processing, nodes need to validate and order the pending transactions into a new block, which requires verifying the…

Cryptography and Security · Computer Science 2023-05-29 Wanxin Li , Collin Meese , Mark Nejad , Hao Guo

This paper opts to mitigate the energy-inefficiency of the Blockchain Proof-of-Work (PoW) consensus algorithm by rationally repurposing the power spent during the mining process. The original PoW mining scheme is designed to consider one…

Cryptography and Security · Computer Science 2020-07-09 Noureddine Lasla , Lina Alsahan , Mohamed Abdallah , Mohamed Younis

Transaction throughput, confirmation latency and confirmation reliability are fundamental performance measures of any blockchain system in addition to its security. In a decentralized setting, these measures are limited by two underlying…

Cryptography and Security · Computer Science 2019-10-03 Vivek Bagaria , Sreeram Kannan , David Tse , Giulia Fanti , Pramod Viswanath

This paper presents an autonomous driving that achieves physical layer security. Proposed vehicle communication is implemented based on Proof-of-Nonce (PoN) blockchain algorithm. PoN blockchain algorithm is a consensus algorithm that can be…

Software Engineering · Computer Science 2020-11-17 N. Y. Ahn , D. H. Lee

In this work, we present an efficient secure multi-party computation MPC protocol that provides strong security guarantees in settings with dishonest majority of participants who may behave arbitrarily. Unlike the popular MPC implementation…

Cryptography and Security · Computer Science 2025-06-03 Tzu-Shen Wang , Jimmy Dani , Juan Garay , Soamar Homsi , Nitesh Saxena

Consensus is arguably one of the most important notions in distributed computing. Among asynchronous, randomized, and signature-free implementations, the protocols of Most\'efaoui et al. (PODC 2014 and JACM 2015) represent a landmark…

Distributed, Parallel, and Cluster Computing · Computer Science 2024-05-03 Christian Cachin , Luca Zanolini

Bitcoin is the first secure decentralized electronic currency system. However, it is known to be inefficient due to its proof-of-work (PoW) consensus algorithm and has the potential hazard of double spending. In this paper, we aim to reduce…

Cryptography and Security · Computer Science 2018-07-10 Chi-Ning Chou , Yu-Jing Lin , Ren Chen , Hsiu-Yao Chang , I-Ping Tu , Shih-wei Liao

We propose a proof-of-sequential-work (PoSW) that can be verified with only a single query to the random oracle for each random challenge. Proofs-of-sequential-work are protocols that facilitate a verifier to efficiently verify if a prover…

Cryptography and Security · Computer Science 2022-05-27 Souvik Sur

We introduce Unity, a new consensus algorithm for public blockchain settings. Unity is an eventual consistency protocol merging the Proof-of-Work (PoW) and Proof-of-Stake (PoS) into a coherent stochastic process. It encompasses hardware and…

Cryptography and Security · Computer Science 2019-06-10 Yulong Wu , Yunfei Zha , Yao Sun

A principal vulnerability of a proof-of-work ("PoW") blockchain is that an attacker can re-write the history of transactions by forking a previously published block and build a new chain segment containing a different sequence of…

Cryptography and Security · Computer Science 2023-09-27 Daniel Aronoff , Isaac Ardis

Numerous blockchain applications are designed with tasks that naturally have finite durations, and hence, a double-spending attack (DSA) on such blockchain applications leans towards being conducted within a finite timeframe, specifically…

Cryptography and Security · Computer Science 2024-02-28 Yiming Jiang , Jiangfan Zhang

For Nakamoto's longest-chain consensus protocol, whose proof-of-work (PoW) and proof-of-stake (PoS) variants power major blockchains such as Bitcoin and Cardano, we revisit the classic problem of the security-performance tradeoff: Given a…

Cryptography and Security · Computer Science 2024-06-26 Lucianna Kiffer , Joachim Neu , Srivatsan Sridhar , Aviv Zohar , David Tse

Fail-prone systems, and their quorum systems, are useful tools for the design of distributed algorithms. However, fail-prone systems as studied so far require every process to know the full system membership in order to guarantee safety…

Distributed, Parallel, and Cluster Computing · Computer Science 2022-11-11 Christian Cachin , Giuliano Losa , Luca Zanolini