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We argue that the current POW based consensus algorithm of the Bitcoin network suffers from a fundamental economic discrepancy between the real world transaction (txn) costs incurred by miners and the wealth that is being transacted. Put…

数值分析 · 数学 2024-04-24 Valdemar Melicher

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

This paper presents Wrapless -- a lending protocol that enables the collateralization of bitcoins without requiring a trusted wrapping mechanism. The protocol facilitates a "loan channel" on the Bitcoin blockchain, allowing bitcoins to be…

The Internet of Things (IoT) is transforming our physical world into a complex and dynamic system of connected devices on an unprecedented scale. Connecting everyday physical objects is creating new business models, improving processes and…

密码学与安全 · 计算机科学 2019-12-25 Roben C. Lunardi , Regio A. Michelin , Charles V. Neu , Avelino F. Zorzo , Salil S. Kanhere

A large number of consensus algorithms have been proposed. However, the requirement of strict consistency limits their wide adoption, especially in high-performance required systems. In this paper, we propose a weak consensus algorithm that…

分布式、并行与集群计算 · 计算机科学 2022-06-10 Qin Wang , Rujia Li

Synchronous consensus protocols offer a significant advantage over their asynchronous and partially synchronous counterparts by providing higher fault tolerance -- an essential benefit in distributed systems, like blockchains, where…

分布式、并行与集群计算 · 计算机科学 2025-03-14 Nenad Milošević , Daniel Cason , Zarko Milošević , Robert Soulé , Fernando Pedone

Blockchain technology has advanced rapidly in recent years and is now widely used in a variety of fields. Blockchain appears to be one of the best solutions for managing massive heterogeneous devices while achieving advanced data security…

分布式、并行与集群计算 · 计算机科学 2025-08-05 Xu Yuan , Fang Luo , Muhammad Zeeshan Haider , Zhikui Chen , Yucheng Li

We give an explicit definition of decentralization and show you that decentralization is almost impossible for the current stage and Bitcoin is the first truly noncentralized currency in the currency history. We propose a new framework of…

计算工程、金融与科学 · 计算机科学 2016-09-12 Xiaochao Qian

In modern science, the growing complexity of large-scale scientific projects has led to an increasing reliance on cross-facility scientific workflows, where resources and expertise from multiple institutions and geographic locations are…

分布式、并行与集群计算 · 计算机科学 2025-12-01 Vladislav Esaulov , Jieyang Chen , Norbert Podhorszki , Fred Suter , Scott Klasky , Anu G Bourgeois , Lipeng Wan

Blockchain has been deemed as a promising solution for providing security and privacy protection in the next-generation wireless networks. Large-scale concurrent access for massive wireless devices to accomplish the consensus procedure may…

信号处理 · 电气工程与系统科学 2022-12-01 Xin Xie , Cunqing Hua , Pengwenlong Gu , Wenchao Xu

In the cryptographic currency Bitcoin, all transactions are recorded in the blockchain - a public, global, and immutable ledger. Because transactions are public, Bitcoin and its users employ obfuscation to maintain a degree of financial…

计算机与社会 · 计算机科学 2017-06-30 Arvind Narayanan , Malte Möser

Bitcoin is the first and the most extensive decentralized electronic cryptocurrency system that uses blockchain technology. It uses a peer-to-peer (P2P) network to operate without a central authority and propagate system information such as…

分布式、并行与集群计算 · 计算机科学 2022-05-03 Befekadu G. Gebraselase , Bjarne E. Helvik , Yuming Jiang

The maturing of blockchain technology leads to heterogeneity, where multiple solutions specialize in a particular use case. While the development of different blockchain networks shows great potential for blockchains, the isolated networks…

分布式、并行与集群计算 · 计算机科学 2021-02-01 Sara Ghaemi , Sara Rouhani , Rafael Belchior , Rui S. Cruz , Hamzeh Khazaei , Petr Musilek

Bitcoin is a top-ranked cryptocurrency that has experienced huge growth and survived numerous attacks. The protocols making up Bitcoin must therefore accommodate the growth of the network and ensure security. Security of the Bitcoin network…

密码学与安全 · 计算机科学 2019-06-05 Gleb Naumenko , Gregory Maxwell , Pieter Wuille , Alexandra Fedorova , Ivan Beschastnikh

Off-chain protocols (channels) are a promising solution to the scalability and privacy challenges of blockchain payments. Current proposals, however, require synchrony assumptions to preserve the safety of a channel, leaking to an adversary…

分布式、并行与集群计算 · 计算机科学 2020-06-22 Georgia Avarikioti , Eleftherios Kokoris Kogias , Roger Wattenhofer , Dionysis Zindros

Distributed ledger systems, such as blockchains, rely on consensus protocols that commit ordered messages for processing. In practice, message ordering within these systems is often reward-driven. This raises concerns about fairness,…

分布式、并行与集群计算 · 计算机科学 2025-06-09 Zhuolun Li , Evangelos Pournaras

The rapid evolution of blockchain technology has brought together stakeholders from fundamentally different backgrounds. The result is a diverse ecosystem, as exemplified by the development of a wide range of different blockchain protocols.…

密码学与安全 · 计算机科学 2021-07-20 Stefanos Leonardos , Daniel Reijsbergen , Georgios Piliouras

The blockchain has found numerous applications in many areas with the expectation to significantly enhance their security. The Internet of things (IoT) constitutes a prominent application domain of blockchain, with a number of architectures…

密码学与安全 · 计算机科学 2021-09-09 Sotirios Brotsis , Nicholas Kolokotronis , Konstantinos Limniotis , Stavros Shiaeles

Off-Chain transactions allow for the immediate transfer of Cryptocurrency between two parties, without delays or unavoidable transaction fees. Such capabilities are critical for mainstream Cryptocurrency adaption. They allow for the…

密码学与安全 · 计算机科学 2014-08-14 Leonard Apeltsin

Blockchains implement decentralized monetary systems and applications. Recent advancements enable what we call tethering a blockchain to a primary blockchain, securing the tethered chain by nodes that post primary-chain tokens as…

分布式、并行与集群计算 · 计算机科学 2025-04-25 Yogev Bar-On , Roi Bar-Zur , Omer Ben-Porat , Nimrod Cohen , Ittay Eyal , Matan Sitbon