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A platform charges a producer for disclosing quality evidence to consumers before trade. It aims to maximize its revenue guarantee across potentially multiple equilibria which arise from the interdependence of producer purchase decisions…

Theoretical Economics · Economics 2025-06-17 Tan Gan , Hongcheng Li

Multi-party data management and blockchain systems require data sharing among participants. To provide resilient and consistent data sharing, transactions engines rely on Byzantine FaultTolerant consensus (BFT), which enables operations…

Databases · Computer Science 2021-02-24 Suyash Gupta , Jelle Hellings , Sajjad Rahnama , Mohammad Sadoghi

While cryptocurrencies and blockchain applications continue to gain popularity, their energy cost is evidently becoming unsustainable. In most instances, the main cost comes from the required amount of energy for the Proof-of-Work, and this…

Cryptography and Security · Computer Science 2019-08-20 Philippe Jacquet , Bernard Mans

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

On September 15, 2022, the Ethereum network adopted a proof-of-stake (PoS) consensus mechanism. We study the impact on the network and competing platforms in a two month event window around the Beacon chain merge. We find that the…

Trading and Market Microstructure · Quantitative Finance 2023-03-01 Elie Kapengut , Bruce Mizrach

Federated learning trains models across devices with distributed data, while protecting the privacy and obtaining a model similar to that of centralized ML. A large number of workers with data and computing power are the foundation of…

Artificial Intelligence · Computer Science 2022-03-16 Jingwen Zhang , Yuezhou Wu , Rong Pan

Human verification under adversarial information flow operates as a cost-bounded decision procedure constrained by working memory limits and cognitive biases. We introduce the Verification Cost Asymmetry (VCA) coefficient, formalizing it as…

Cryptography and Security · Computer Science 2025-08-04 Joshua Luberisse

Trustless systems, such as those blockchain enpowered, provide trust in the system regardless of the trust of its participants, who may be honest or malicious. Proof-of-stake (PoS) protocols and DAG-based approaches have emerged as a better…

Distributed, Parallel, and Cluster Computing · Computer Science 2019-07-09 Quan Nguyen , Andre Cronje , Michael Kong , Alex Kampa , George Samman

Hardware-secured remote attestation is essential to establishing trust in the integrity of confidential virtual machines (cVMs), but is difficult to use in practice because verifying attestation evidence requires the use of…

Cryptography and Security · Computer Science 2026-05-01 Parsa Sadri Sinaki , Zainab Ahmad , Wentao Xie , Merlijn Sebrechts , Jimmy Kjällman , Lachlan J. Gunn

We propose a refinement to the well known, and widely used, proof-of-work scheme of zeroing a cryptographic hash. Our refinement allows multiple autonomous users to cooperate on the proof-of-work for their own transactions in order to bring…

Data Structures and Algorithms · Computer Science 2017-12-01 Wouter Kuijper

Permissionless blockchains such as Bitcoin have long been criticized for their high computational and storage overhead. Unfortunately, while a number of proposals address the energy consumption of existing Proof-of-Work deployments, little…

Cryptography and Security · Computer Science 2022-07-01 Alessandro Sforzin , Matteo Maso , Claudio Soriente , Ghassan Karame

Authcoin is an alternative approach to the commonly used public key infrastructures such as central authorities and the PGP web of trust. It combines a challenge response-based validation and authentication process for domains,…

Cryptography and Security · Computer Science 2016-09-19 Benjamin Leiding , Clemens H. Cap , Thomas Mundt , Samaneh Rashidibajgan

Proof of Work (PoW) blockchains burn a lot of energy. Proof-of-work algorithms are expensive by design and often only serve to compute blockchains. In some sense, carbon-based and non-carbon based regional electric power is fungible. So the…

Cryptography and Security · Computer Science 2024-04-09 Agron Gemajli , Shivam Patel , Phillip G. Bradford

Proof-of-Stake blockchains based on a longest-chain consensus protocol are an attractive energy-friendly alternative to the Proof-of-Work paradigm. However, formal barriers to "getting the incentives right" were recently discovered, driven…

Computer Science and Game Theory · Computer Science 2023-10-31 Matheus V. X. Ferreira , S. Matthew Weinberg

Rollups have become the de facto scalability solution for Ethereum, securing more than $55B in assets. They achieve scale by executing transactions on a Layer 2 ledger, while periodically posting data and finalizing state on the Layer 1,…

Cryptography and Security · Computer Science 2025-09-23 Stefanos Chaliasos , Conner Swann , Sina Pilehchiha , Nicolas Mohnblatt , Benjamin Livshits , Assimakis Kattis

What values, evidence preferences, and source trust hierarchies do AI systems actually exhibit when facing structured dilemmas? We present the first large-scale empirical mapping of AI decision-making across all three layers of the…

Artificial Intelligence · Computer Science 2026-04-14 Seulki Lee

The Ethereum Improvement Proposal 3675 (EIP-3675) marks a significant shift, transitioning from a Proof of Work (PoW) to a Proof of Stake (PoS) consensus mechanism. This transition resulted in a staggering 99.95% decrease in energy…

Databases · Computer Science 2024-08-05 Umesh Bhatt , Sarvesh Pandey

Designing an efficient difficulty control algorithm is an essential problem in Proof-of-Work (PoW) based blockchains because the network hash rate is randomly changing. This paper proposes a general difficulty control algorithm and provides…

Cryptography and Security · Computer Science 2020-04-23 Shulai Zhang , Xiaoli Ma

Proof-of-Work (PoW) systems face critical challenges, including excessive energy consumption and the centralization of mining power among entities with expensive hardware. Static mining pools exacerbate these issues by reducing competition…

Cryptography and Security · Computer Science 2025-04-25 Rizwanul Haque , SM Tareq Aziz , Tahrim Hossain , Faisal Haque Bappy , Muhammad Nur Yanhaona , Tariqul Islam

Auditing plays a pivotal role in the development of trustworthy AI. However, current research primarily focuses on creating auditable AI documentation, which is intended for regulators and experts rather than end-users affected by AI…

Computers and Society · Computer Science 2023-05-31 Nicolas Scharowski , Michaela Benk , Swen J. Kühne , Léane Wettstein , Florian Brühlmann
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