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Blockchains revolutionized centralized sectors like banking and finance by promoting decentralization and transparency. In a blockchain, information is transmitted through transactions issued by participants or applications. Miners…

密码学与安全 · 计算机科学 2024-05-30 Johnnatan Messias Peixoto Afonso

We present in this paper a cryptocurrency called Mobile Fungible Token (MFT) or "MiftyCoin", which is mined with Proof of Human Work (PoH). Blocks in MFT's blockchain are mined by users solving unique 24-tile puzzles autogenerated as a…

密码学与安全 · 计算机科学 2022-11-29 Javier A. Arroyo-Figueroa

Blockchain is an essentially distributed database recording all transactions or digital events among participating parties. Each transaction in the records is approved and verified by consensus of the participants in the system that…

分布式、并行与集群计算 · 计算机科学 2023-07-07 Jie You

Bitcoin is the first and highest valued cryptocurrency that stores transactions in a publicly distributed ledger called the blockchain. Understanding the activity and behavior of Bitcoin actors is a crucial research topic as they are…

社会与信息网络 · 计算机科学 2022-07-18 Natkamon Tovanich , Rémy Cazabet

Mining processes of Bitcoin and similar cryptocurrencies are currently incentivized with voluntary transaction fees and fixed block rewards which will halve gradually to zero. In the setting where optional and arbitrary transaction fee…

密码学与安全 · 计算机科学 2022-07-14 Tiantian Gong , Mohsen Minaei , Wenhai Sun , Aniket Kate

This paper contextualises the common queries of "why is crypto crashing?" and "why is crypto down?", the research transcends beyond the frequent market fluctuations to unravel how cryptocurrencies fundamentally work and the step-by-step…

计算机与社会 · 计算机科学 2023-09-25 Petar Radanliev

Half a decade after Bitcoin became the first widely used cryptocurrency, blockchains are receiving considerable interest from industry and the research community. Modern blockchains feature services such as name registration and smart…

密码学与安全 · 计算机科学 2016-06-22 Luke Anderson , Ralph Holz , Alexander Ponomarev , Paul Rimba , Ingo Weber

Seminal work of Eyal and Sirer (2014) establishes that a strategic Bitcoin miner may strictly profit by deviating from the intended Bitcoin protocol, using a strategy now termed *selfish mining*. More specifically, any miner with $>1/3$ of…

计算机科学与博弈论 · 计算机科学 2024-02-06 Maryam Bahrani , S. Matthew Weinberg

We study the strategic implications that arise from adding one extra option to the miners participating in the bitcoin protocol. We propose that when adding a block, miners also have the ability to pay forward an amount to be collected by…

计算机科学与博弈论 · 计算机科学 2019-05-21 Elias Koutsoupias , Philip Lazos , Paolo Serafino , Foluso Ogunlana

In blockchain, bribery is an inevitable problem since users with various goals can bribe miners by transferring cryptoassets. To alleviate the negative effects of such collusion, Ethereum blockchain implemented new transaction fee mechanism…

密码学与安全 · 计算机科学 2022-06-07 Xiaotong Sun

In cryptocurrencies, the block reward is meant to serve as the incentive mechanism for miners to commit resources to create blocks and in effect secure the system. Existing systems primarily divide the reward in proportion to expended…

计算机科学与博弈论 · 计算机科学 2021-03-24 Lucianna Kiffer , Rajmohan Rajaraman

Cryptocurrencies such as Bitcoin are realized using distributed systems and hence critically rely on the performance and security of the interconnecting network. The requirements on these networks and their usage, however can differ…

网络与互联网体系结构 · 计算机科学 2020-08-20 Maya Dotan , Yvonne-Anne Pignolet , Stefan Schmid , Saar Tochner , Aviv Zohar

In collaborative social development platforms such as GitHub, forking a repository is a common activity. A variant fork wants to split the development from the original repository and grow towards a different direction. In this preliminary…

软件工程 · 计算机科学 2022-04-26 Henrique Rocha , John Businge

Cryptocurrencies based on decentralized systems, especially blockchain, are gaining popularity more than ever. Freedom advocates hail blockchain technology as a breakthrough in digital privacy and internet anonymity. Unfortunately, after…

密码学与安全 · 计算机科学 2021-10-18 Amin Aghaee

This paper proposes a conceptual framework for the analysis of reward sharing schemes in mining pools, such as those associated with Bitcoin. The framework is centered around the reported shares in a pool instead of agents and results in…

计算机科学与博弈论 · 计算机科学 2021-07-13 Burak Can , Jens Leth Hougaard , Mohsen Pourpouneh

Coin selection algorithms are a fundamental component of blockchain technology. In this paper, we present a comprehensive review of the existing coin selection algorithms utilized in unspent transaction output (UTXO)-based blockchains. We…

密码学与安全 · 计算机科学 2023-11-03 Gholamreza Ramezan , Manvir Schneider , Mel McCann

A soft control of the network activity through varying reward in a proof-of-work (PoW) cryptocurrency is reported. Rewards are the necessity to incent the contributors activities (i.e., mining) in order to maintain the PoW network. Contrary…

计算机与社会 · 计算机科学 2014-09-30 Joe Lao

Blockchain represents a technology for establishing a shared, immutable version of the truth between a network of participants that do not trust one another, and therefore has the potential to disrupt any financial or other industries that…

计算机与社会 · 计算机科学 2016-11-02 Marek Laskowski , Henry M. Kim

The energy sustainability of blockchains, whose consensus protocol rests on the Proof-of-Work, nourishes a heated debate. The underlying issue lies in a highly energy-consuming process, defined as mining, required to validate crypto-asset…

Blockchain technology is an interlinked systematic chain of blocks that contains transaction history and other user data. It works under the principle of decentralized distributed digital ledger. This technology enables cryptographically…

密码学与安全 · 计算机科学 2020-12-25 AKM Bahalul Haque , Mahbubur Rahman