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A lot of business and research effort currently deals with the so called decentralised ledger technology blockchain. Putting it to use carries the tempting promise to make the intermediaries of social interactions superfluous and…

计算机与社会 · 计算机科学 2024-05-13 Rainer Rehak

For decentralised P2P networks, it is very important to have a mechanism in place that allows the nodes to control resource usage and prevent flooding and denial-of-service attacks with spam. In this paper, we discuss and compare the…

网络与互联网体系结构 · 计算机科学 2018-10-30 Daniel Kraft

Bitcoin and Ethereum are novel mechanisms for decentralizing the concept of money and computation. Extending decentralization to the human identity concept, we can think of using blockchain for creating a list of verified human identities…

密码学与安全 · 计算机科学 2018-06-21 MohammadJavad Hajialikhani , MohammadMahdi Jahanara

The last decade has seen a variety of Asset-Transfer systems designed for decentralized environments. To address the problem of double-spending, these systems inherently make strong model assumptions and spend a lot of resources. In this…

分布式、并行与集群计算 · 计算机科学 2022-05-30 João Paulo Bezerra , Petr Kuznetsov

Blockchain based cryptocurrencies are usually unmanaged, distributed, consensus-based systems in which no single entity has control. Managed cryptocurrencies can be implemented using private blockchains but are fundamentally different as…

密码学与安全 · 计算机科学 2019-06-27 Peter Mell

In peer-to-peer (P2P) energy trading, a secured infrastructure is required to manage trade and record monetary transactions. A central server/authority can be used for this. But there is a risk of central authority influencing the energy…

计算机科学与博弈论 · 计算机科学 2022-09-19 Nitin Singha , V Shreyas , Sandeep Kumar

This research study focuses primarily on Block-Chain-based voting systems, which facilitate participation in and administration of voting for voters, candidates, and officials. Because we used Block-Chain in the backend, which enables…

机器学习 · 计算机科学 2023-03-14 Jagbeer Singh , Utkarsh Rastogi , Yash Goel , Brijesh Gupta , Utkarsh

Decentralization, which has backed the hyper growth of many blockchains, comes at the cost of scalability. To understand this fundamental limitation, this paper proposes a quantitative measure of blockchain decentralization, and discusses…

密码学与安全 · 计算机科学 2018-10-09 Shumo Chu , Sophia Wang

The popularity of digital currencies, especially cryptocurrencies, has been continuously growing since the appearance of Bitcoin. Bitcoin's security lies in a proof-of-work scheme, which requires high computational resources at the miners.…

密码学与安全 · 计算机科学 2017-11-28 Dimitris Chatzopoulos , Sujit Gujar , Boi Faltings , Pan Hui

Bitcoin mining presents a significant economic incentive for efficient hashing and broadcast of data, both parameters stemming from the Proofs of Work used to advance the network. This incentive has led to the development of Bitcoin…

密码学与安全 · 计算机科学 2016-03-17 Jonathan Harvey-Buschel , Can Kisagun

A blockchain is a decentralized ledger where all transactions are recorded. For having a reliable blockchain and double-spending prevention, we need a decentralized consensus and agreement on a blockchain. Bitcoin uses proof-of-work (PoW).…

密码学与安全 · 计算机科学 2019-05-06 Siamak Solat

We review different classes of cryptocurrencies with emphasis on their economic properties. Pure-asset coins such as Bitcoin, Ethereum and Ripple are characterized by not being a liability of any economic agent and most resemble commodities…

综合经济学 · 经济学 2021-09-22 Matheus R. Grasselli , Alexander Lipton

Blockchain, Smart Contracts and Distributed Ledger Technology (DLT) are being touted to revolutionise digital services - through decentralisation. Cryptocurrencies, self-sovereign identities, decentralised certificate registries, and…

计算机与社会 · 计算机科学 2019-11-01 Joshua Ellul , Gordon Pace

Financial markets are undergoing an unprecedented transformation. Technological advances have brought major improvements to the operations of financial services. While these advances promote improved accessibility and convenience,…

交易与市场微观结构 · 定量金融 2023-12-05 Agostino Capponi , Garud Iyengar , Jay Sethuraman

Blockchain-based cryptocurrencies have demonstrated how to securely implement traditionally centralized systems, such as currencies, in a decentralized fashion. However, there have been few measurement studies on the level of…

密码学与安全 · 计算机科学 2018-03-30 Adem Efe Gencer , Soumya Basu , Ittay Eyal , Robbert van Renesse , Emin Gün Sirer

The Bitcoin system only provides eventual consistency. For everyday life, the time to confirm a Bitcoin transaction is prohibitively slow. In this paper we propose a new system, built on the Bitcoin blockchain, which enables strong…

分布式、并行与集群计算 · 计算机科学 2014-12-30 Christian Decker , Jochen Seidel , Roger Wattenhofer

Bitcoin stands as a groundbreaking development in decentralized exchange throughout human history, enabling transactions without the need for intermediaries. By leveraging cryptographic proof mechanisms, Bitcoin eliminates the reliance on…

密码学与安全 · 计算机科学 2024-04-09 Han Song , Yihao Wei , Zhongche Qu , Weihan Wang

Decentralization has been touted as the principal security advantage which propelled blockchain systems at the forefront of developments in the financial technology space. Its exact semantics nevertheless remain highly contested and…

密码学与安全 · 计算机科学 2024-04-16 Christina Ovezik , Dimitris Karakostas , Aggelos Kiayias

Stablecoins promise to bridge fiat currencies with the world of cryptocurrencies. They provide a way for users to take advantage of the benefits of digital currencies, such as ability to transfer assets over the internet, provide assurance…

综合金融 · 定量金融 2019-10-23 Amani Moin , Emin Gün Sirer , Kevin Sekniqi

Today, several solutions for cross-blockchain asset transfers exist. However, these solutions are either tailored to specific assets or neglect finality guarantees that prevent assets from getting lost in transit. In this paper, we present…

密码学与安全 · 计算机科学 2021-10-12 Marten Sigwart , Philipp Frauenthaler , Christof Spanring , Michael Sober , Stefan Schulte