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Blockchains are intended to be immutable, so an attacker who is able to delete transactions through a chain reorganization (a malicious reorg) can perform a profitable double-spend attack. We study the rate at which an attacker can execute…

Cryptography and Security · Computer Science 2020-09-14 Michael Neuder , Daniel J. Moroz , Rithvik Rao , David C. Parkes

Consensus mechanisms are the core of any blockchain system. However, the majority of these mechanisms do not target federated learning directly nor do they aid in the aggregation step. This paper introduces Proof of Reasoning (PoR), a novel…

Cryptography and Security · Computer Science 2026-01-27 James Calo , Benny Lo

Our aim in this paper is to investigate the profitability of double-spending (DS) attacks that manipulate an a priori mined transaction in a blockchain. It was well understood that a successful DS attack is established when the proportion…

Cryptography and Security · Computer Science 2020-10-15 Jehyuk Jang , Heung-No Lee

Proof-of-Work (PoW) is a Sybil control mechanism adopted in blockchain-based cryptocurrencies. It prevents the attempt of malicious actors to manipulate distributed ledgers. Bitcoin has successfully suppressed double-spending by accepting…

Cryptography and Security · Computer Science 2022-08-31 Suhyeon Lee , Donghwan Lee , Seungjoo Kim

A digital security breach, by which confidential information is leaked, does not only affect the agent whose system is infiltrated, but is also detrimental to other agents socially connected to the infiltrated system. Although it has been…

Social and Information Networks · Computer Science 2019-06-25 Bram de Witte , Paolo Frasca , Bastiaan Overvest , Judith Timmer

Sharding enhances blockchain scalability by partitioning nodes into multiple groups for concurrent transaction processing. Configuring a large number of small shards usually helps improve transaction concurrency, but it also increases the…

Distributed, Parallel, and Cluster Computing · Computer Science 2025-12-23 Mingzhe Li , You Lin , Jin Zhang

In Ethereum, private transactions, a specialized transaction type employed to evade public Peer-to-Peer (P2P) network broadcasting, remain largely unexplored, particularly in the context of the transition from Proof-of-Work (PoW) to…

Cryptography and Security · Computer Science 2025-04-01 Xingyu Lyu , Mengya Zhang , Xiaokuan Zhang , Jianyu Niu , Yinqian Zhang , Zhiqiang Lin

Billions of dollars are lost every year in DeFi platforms by transactions exploiting business logic or accounting vulnerabilities. Existing defenses focus on static code analysis, public mempool screening, attacker contract detection, or…

Cryptography and Security · Computer Science 2025-10-21 Abdulrahman Alhaidari , Balaji Palanisamy , Prashant Krishnamurthy

Several attacks have been proposed against Proof-of-Work blockchains, which may increase the attacker's share of mining rewards (e.g., selfish mining, block withholding). A further impact of such attacks, which has not been considered in…

Cryptography and Security · Computer Science 2021-03-16 Yoko Shibuya , Go Yamamoto , Fuhito Kojima , Elaine Shi , Shin'ichiro Matsuo , Aron Laszka

This paper presents secure mempool designs under asymmetric DoS attacks. We formulate safety definitions under two abstract DoSes, namely eviction- and locking-based attacks. We propose a safe transaction admission framework for securing…

Cryptography and Security · Computer Science 2024-07-17 Wanning Ding , Yibo Wang , Yuzhe Tang

In this paper we describe LUNES-Blockchain, an agent-based simulator of blockchains that relies on Parallel and Distributed Simulation (PADS) techniques to obtain high scalability. The software is organized as a multi-level simulator that…

Cryptography and Security · Computer Science 2021-09-20 Luca Serena , Gabriele D'Angelo , Stefano Ferretti

The trustless nature of permissionless blockchains renders overcollateralization a key safety component relied upon by decentralized finance (DeFi) protocols. Nonetheless, factors such as price volatility may undermine this mechanism. In…

General Finance · Quantitative Finance 2021-12-14 Daniel Perez , Sam M. Werner , Jiahua Xu , Benjamin Livshits

Ethereum has undergone a recent change called \textit{the Merge}, which made Ethereum a Proof-of-Stake blockchain, shifting closer to BFT consensus. Ethereum, which wished to keep the best of the two protocol designs (BFT and…

Cryptography and Security · Computer Science 2023-09-15 Ulysse Pavloff , Yackolley Amoussou-Guenou , Sara Tucci-Piergiovanni

Motivated by proof-of-stake (PoS) blockchains such as Ethereum, two key desiderata have recently been studied for Byzantine-fault tolerant (BFT) state-machine replication (SMR) consensus protocols: Finality means that the protocol retains…

Cryptography and Security · Computer Science 2024-01-22 Joachim Neu , Ertem Nusret Tas , David Tse

Proof-of-work (PoW) cryptocurrency blockchains like Bitcoin secure vast amounts of money. Their operators, called miners, expend resources to generate blocks and receive monetary rewards for their effort. Blockchains are, in principle,…

Cryptography and Security · Computer Science 2020-11-06 Michael Mirkin , Yan Ji , Jonathan Pang , Ariah Klages-Mundt , Ittay Eyal , Ari Juels

We identify a subtle security issue that impacts the design of smart contracts, because agents may themselves deploy smart contracts (side contracts). Typically, equilibria of games are analyzed in vitro, under the assumption that players…

Computer Science and Game Theory · Computer Science 2023-05-05 Daji Landis , Nikolaj I. Schwartzbach

Blockchain systems based on a reusable resource, such as proof-of-stake (PoS), provide weaker security guarantees than those based on proof-of-work. Specifically, they are vulnerable to long-range attacks, where an adversary can corrupt…

Cryptography and Security · Computer Science 2022-10-14 Sarah Azouvi , Marko Vukolić

Resource-based consensus is the backbone of permissionless distributed ledger systems. The security of such protocols relies fundamentally on the level of resources actively engaged in the system. The variety of different resources (and…

Cryptography and Security · Computer Science 2022-09-08 Matthias Fitzi , Xuechao Wang , Sreeram Kannan , Aggelos Kiayias , Nikos Leonardos , Pramod Viswanath , Gerui Wang

The Lightning Network, a payment channel network with a market cap of over 192M USD, is designed to resolve Bitcoin's scalability issues through fast off-chain transactions. There are multiple Lightning Network client implementations, all…

Cryptography and Security · Computer Science 2024-05-06 Ben Weintraub , Satwik Prabhu Kumble , Cristina Nita-Rotaru , Stefanie Roos

Malicious attackers can exploit large language models (LLMs) by engaging them in multi-turn dialogues to achieve harmful objectives, posing significant safety risks to society. To address this challenge, we propose a novel defense…