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Authorization is challenging in distributed systems that cannot rely on the identification of nodes. Proof-of-work offers an alternative gate-keeping mechanism, but its probabilistic nature is incompatible with conventional security…

密码学与安全 · 计算机科学 2022-09-20 Patrik Keller , Rainer Böhme

Bitcoin and other similar digital currencies on blockchains are not ideal means for payment, because their prices tend to go up in the long term (thus people are incentivized to hoard those currencies), and to fluctuate widely in the short…

计算机与社会 · 计算机科学 2019-05-17 Kenji Saito , Mitsuru Iwamura

Inspired by Bitcoin, many different kinds of cryptocurrencies based on blockchain technology have turned up on the market. Due to the special structure of the blockchain, it has been deemed impossible to directly trade between traditional…

密码学与安全 · 计算机科学 2020-05-08 Hangyu Tian , Kaiping Xue , Shaohua Li , Jie Xu , Jianqing Liu , Jun Zhao

Most popular blockchain solutions, like Bitcoin, rely on proof-of-work, guaranteeing that the output of the consensus is agreed upon with high probability. However, this probability depends on the delivery of messages and that the…

分布式、并行与集群计算 · 计算机科学 2016-05-19 Christopher Natoli , Vincent Gramoli

Extensive research on Nakamoto-style consensus protocols has shown that network delays degrade the security of these protocols. Established results indicate that, perhaps surprisingly, maximal security is achieved when the network is as…

密码学与安全 · 计算机科学 2024-04-16 Jannik Albrecht , Sebastien Andreina , Frederik Armknecht , Ghassan Karame , Giorgia Marson , Julian Willingmann

In this review, we evaluate the mechanisms behind the decentralized finance protocols for generating stable, passive income. Currently, such savings interest rates can be as high as 20% annually, payable in traditional currency values such…

计算机与社会 · 计算机科学 2021-08-16 Hakwan Lau , Stephen Tse

To address the large amount of energy wasted by blockchains, we propose a decentralized consensus protocol for blockchains in which the computation can be used to search for good approximate solutions to any optimization problem. Our…

分布式、并行与集群计算 · 计算机科学 2019-12-03 Naoki Shibata

This paper investigates the fundamental trade-offs between block safety, confirmation latency, and transaction throughput of proof-of-work (PoW) longest-chain fork-choice protocols, also known as PoW Nakamoto consensus. New upper and lower…

密码学与安全 · 计算机科学 2024-12-05 Shu-Jie Cao , Dongning Guo

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…

密码学与安全 · 计算机科学 2018-06-05 Mauro Conti , Sandeep Kumar E , Chhagan Lal , Sushmita Ruj

In order to stay up to date with world issues and cutting-edge technol-ogies, the newspaper plays a crucial role. However, collecting news is not a very easy task. Currently, news publishers are collecting news from their correspond-ents…

网络与互联网体系结构 · 计算机科学 2019-04-02 Anik Islam , Md. Fazlul Kader , Md Mofijul Islam] , Soo Young Shin

This whitepaper introduces RIV Coin, a cryptocurrency that is fully stabilized by a diversified portfolio of invested reserves that are evaluated by professional independent third parties, and auditable and provable by the protocol. It is…

综合金融 · 定量金融 2025-05-13 Roberto Rivera , Guido Rocco , Massimiliano Marzo , Enrico Talin , Ammar Elsabe

The Bitcoin Backbone Protocol [GKL15] is an abstraction of the bitcoin proof-of-work consensus protocol. We use a model-checking tool (UPPAALSMC) to examine the concrete security of proof-ofwork consensus by varying protocol parameters and…

密码学与安全 · 计算机科学 2020-07-20 Max DiGiacomo-Castillo , Yiyun Liang , Advay Pal , John C. Mitchell

Tau-chain is a decentralized peer-to-peer network having three unified faces: Rules, Proofs, and Computer Programs, allowing a generalization of virtually any centralized or decentralized P2P network, together with many new abilities, as we…

人工智能 · 计算机科学 2015-02-17 Ohad Asor

Current blockchain protocols (e.g., Proof-of-Work and Proof-of-Stake) secure the ledger yet cannot measure validator trustworthiness, allowing subtle misconduct that is especially damaging in decentralized-finance (DeFi) settings. We…

分布式、并行与集群计算 · 计算机科学 2025-06-30 Ailiya Borjigin , Wei Zhou , Cong He

A cryptocurrency is a decentralized digital currency that is designed for secure and private asset transfer and storage. As a currency, it should be difficult to counterfeit and double-spend. In this paper, we review and analyze the major…

密码学与安全 · 计算机科学 2019-04-26 Ehab Zaghloul , Tongtong Li , Matt Mutka , Jian Ren

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.…

量子物理 · 物理学 2021-05-06 Dan A. Bard , Joseph J. Kearney , Carlos A. Perez-Delgado

We discuss numerous justifications for why crypto-currencies would be highly conducive for the smooth functioning of today's society. We provide several comparisons between cryptocurrencies issued by blockchain projects, crypto, and…

综合经济学 · 经济学 2023-07-18 Ravi Kashyap

Sidechains are an appealing innovation devised to enable blockchain scalability and extensibility. The basic idea is simple yet powerful: construct a parallel chain -- sidechain -- with desired features, and provide a way to transfer coins…

密码学与安全 · 计算机科学 2020-02-06 Alberto Garoffolo , Dmytro Kaidalov , Roman Oliynykov

We propose a blockchain architecture in which mining requires a quantum computer. The consensus mechanism is based on proof of quantum work, a quantum-enhanced alternative to traditional proof of work that leverages quantum supremacy to…

Blockchain is a decentralized, distributed ledger technology that ensures transparency, security, and immutability through cryptographic techniques. However, advancements in quantum computing threaten the security of classical cryptographic…

密码学与安全 · 计算机科学 2026-01-14 Nicholas J. C. Papadopoulos