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Miners in a blockchain system are suffering from ever-increasing storage costs, which in general have not been properly compensated by the users' transaction fees. This reduces the incentives for the miners' participation and may jeopardize…

计算机科学与博弈论 · 计算机科学 2021-08-24 Yunshu Liu , Zhixuan Fang , Man Hon Cheung , Wei Cai , Jianwei Huang

Determining the trust of an individual Bitcoin wallet is a difficult problem. There are no ratings, that offer vendors or exchanges meaningful information about the level of the taint of Bitcoins they are receiving. Lack of such information…

密码学与安全 · 计算机科学 2019-07-03 Uroš Hercog , Andraž Povše

Payment channel is a protocol which allows cryptocurrency users to route multiple transactions through network without committing them to the main blockchain network (mainnet). This ability makes them the most prominent solution to…

计算机科学与博弈论 · 计算机科学 2021-07-08 MohammadAmin Fazli , Seyed Moeen Nehzati , MohammadAmin Salarkia

The introduction of Bitcoin fueled the development of blockchain-based resilient data management systems that are resilient against failures, enable federated data management, and can support data provenance. The key factor determining the…

数据库 · 计算机科学 2022-04-08 Jelle Hellings , Suyash Gupta , Sajjad Rahnama , Mohammad Sadoghi

The usage of process choreographies and decentralized Business Process Management Systems has been named as an alternative to centralized business process orchestration. In choreographies, control over a process instance is shared between…

软件工程 · 计算机科学 2017-08-21 Christoph Prybila , Stefan Schulte , Christoph Hochreiner , Ingo Weber

This paper proposes a classification model for predicting the main activity of bitcoin addresses based on their balances. Since the balances are functions of time, we apply methods from functional data analysis; more specifically, the…

Light clients are gaining increasing attention in the literature since they obviate the need for users to set up dedicated blockchain full nodes. While the literature features a number of light client instantiations, most light client…

密码学与安全 · 计算机科学 2024-10-21 Frederik Armknecht , Ghassan Karame , Malcom Mohamed , Christiane Weis

Bitcoin-NG is among the first blockchain protocols to approach the \emph{near-optimal} throughput by decoupling blockchain operation into two planes: leader election and transaction serialization. Its decoupling idea has inspired a new…

密码学与安全 · 计算机科学 2020-10-06 Jianyu Niu , Ziyu Wang , Fangyu Gai , Chen Feng

We consider the problem of cross-chain payment whereby customers of different escrows---implemented by a bank or a blockchain smart contract---successfully transfer digital assets without trusting each other. Prior to this work, cross-chain…

分布式、并行与集群计算 · 计算机科学 2020-07-17 Rob van Glabbeek , Vincent Gramoli , Pierre Tholoniat

The synchronization process inherent to the Bitcoin network gives rise to an infinite-server model with the unusual feature that customers interact. Among the closed-form characteristics that we derive for this model is the busy period…

概率论 · 数学 2017-03-27 Maria Frolkova , Michel Mandjes

As transaction fees skyrocket today, blockchains become increasingly expensive, hurting their adoption in broader applications. This work tackles the saving of transaction fees for economic blockchain applications. The key insight is that…

密码学与安全 · 计算机科学 2022-10-11 Yibo Wang , Yuzhe Tang

Transactional memory (TM) is a convenient synchronization tool that allows concurrent threads to declare sequences of instructions on shared data as speculative \emph{transactions} with "all-or-nothing" semantics. It is known that dynamic…

分布式、并行与集群计算 · 计算机科学 2014-08-18 Petr Kuznetsov , Srivatsan Ravi

A key performance metric in blockchains is the latency between when a transaction is broadcast and when it is confirmed (the so-called, confirmation latency). While improvements in consensus techniques can lead to lower confirmation…

网络与互联网体系结构 · 计算机科学 2020-06-26 Yifan Mao , Soubhik Deb , Shaileshh Bojja Venkatakrishnan , Sreeram Kannan , Kannan Srinivasan

We study the computation contests where players compete for searching a solution to a given problem with a winner-take-all reward. The search processes are independent across the players and the search speeds of players are proportional to…

计算机科学与博弈论 · 计算机科学 2019-02-26 Yulong Zeng , Song Zuo

We describe a plausible probabilistic model for a blockchain queueing environment in which rational, profit-maximising schedulers impose adversarial disciplines on incoming messages containing a payload that encodes a state transition in a…

概率论 · 数学 2023-02-17 Andrew W. Macpherson

Blockchain and blockchain-inspired decentralized applications are on the rise thanks to their unique characteristics such as their decentralized nature, anonymity, and tamper-proof nature; however, blockchain transactions tend to experience…

密码学与安全 · 计算机科学 2026-04-08 Yi Lyu

We endorse the idea, suggested in recent literature, that BitCoin prices are influenced by sentiment and confidence about the underlying technology; as a consequence, an excitement about the BitCoin system may propagate to BitCoin prices…

数理金融 · 定量金融 2019-09-23 Alessandra Cretarola , Gianna Figà-Talamanca

Address clustering tries to construct the one-to-many mapping from entities to addresses in the Bitcoin system. Simple heuristics based on the micro-structure of transactions have proved very effective in practice. In this paper we describe…

密码学与安全 · 计算机科学 2018-09-17 Martin Harrigan , Christoph Fretter

High-frequency trading, in both traditional and decentralized markets, induces latency races and redundant order flow as traders spend resources to win time-sensitive opportunities. We show that auctioning artificial time priority can…

计算机科学与博弈论 · 计算机科学 2026-02-17 Agostino Capponi , Brian Zhu

Payment channel networks (PCNs) have emerged as a scalability solution for blockchains built on the concept of a payment channel: a setting that allows two nodes to safely transact between themselves in high frequencies based on…

系统与控制 · 电气工程与系统科学 2021-04-01 Nikolaos Papadis , Leandros Tassiulas