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Proof-of-Work (PoW) is a popular consensus protocol used by Bitcoin since its inception. PoW has the well-known flaw of assigning all the reward to the single miner (or pool) that inserts the new block. This has the consequence of making…

分布式、并行与集群计算 · 计算机科学 2022-07-13 Danilo Bazzanella , Andrea Gangemi

Throughput limitations of existing blockchain architectures are well documented and are one of the most significant hurdles for their wide-spread adoption. In our previous proof-of-concept work, we have shown that separating computation…

分布式、并行与集群计算 · 计算机科学 2019-09-13 Alexander Hentschel , Dieter Shirley , Layne Lafrance , Maor Zamski

The distributed consensus mechanism is the backbone of the rapidly developing blockchain network. Blockchain platforms consume vast amounts of electricity based on the current consensus mechanism of Proof of Work. Here, we point out an…

计算机与社会 · 计算机科学 2022-01-19 Xiaoyang Shi , Hang Xiao , Weifeng Liu , Xi Chen , Klaus. S. Lackner , Vitalik Buterin , Thomas F. Stocker

Blockchain technology enables stakeholders to conduct trusted data sharing and exchange without a trusted centralized institution. These features make blockchain applications attractive to enhance trustworthiness in very different contexts.…

分布式、并行与集群计算 · 计算机科学 2022-07-18 Xiaohui Zhang , Mingying Xue , Xianghua Miao

In Proof-of-Work blockchains, difficulty algorithms serve the crucial purpose of maintaining a stable transaction throughput by dynamically adjusting the block difficulty in response to the miners' constantly changing computational power.…

密码学与安全 · 计算机科学 2021-05-03 Dragos I. Ilie , Sam M. Werner , Iain Stewart , William J. Knottenbelt

Blockchain is a decentralised, immutable ledger technology that has been widely adopted in many sectors for various applications such as cryptocurrencies, smart contracts and supply chain management. Distributed consensus is a fundamental…

分布式、并行与集群计算 · 计算机科学 2025-08-05 Siamak Abdi , Giuseppe Di Fatta , Atta Badii , Giancarlo Fortino

Since the invention of Bitcoin one decade ago, numerous cryptocurrencies have sprung into existence. Among these, proof-of-work is the most common mechanism for achieving consensus, whilst a number of coins have adopted "ASIC-resistance" as…

计算机与社会 · 计算机科学 2019-07-05 Dimitris Karakostas , Aggelos Kiayias , Christos Nasikas , Dionysis Zindros

We study the applicability of blockchain technology for distributed event detection under resource constraints. Therefore we provide a test-suite with several promising consensus methods (Proof-of-Work, Proof-of-Stake, Distributed…

分布式、并行与集群计算 · 计算机科学 2020-10-07 Cedric Sanders , Thomas Liebig

Sidechain technology has been envisioned as a promising solution to accelerate today's public blockchains in terms of scalability and interoperability. By relying on the mainchain for security, different sidechains can formulate their own…

密码学与安全 · 计算机科学 2019-11-19 Fangyu Gai , Cesar Grajales , Jianyu Niu , Mohammad Mussadiq Jalalzai , Chen Feng

Consensus mechanism is the heart of any blockchain network. Many projects have proposed alternative protocols to improve restricted scalability of Proof of Work originated since Bitcoin. As an improvement of Delegated Proof of Stake, in…

密码学与安全 · 计算机科学 2019-12-10 Thuat Do , Thao Nguyen , Hung Pham

Bitcoin is an immutable permissionless blockchain system that has been extensively used as a public bulletin board by many different applications that heavily relies on its immutability. However, Bitcoin's immutability is not without its…

密码学与安全 · 计算机科学 2019-10-10 Dominic Deuber , Bernardo Magri , Sri Aravinda Krishnan Thyagarajan

Censorship resistance with short-term inclusion guarantees is an important feature of decentralized systems, missing from many state-of-the-art and even deployed consensus protocols. In leader-based protocols the leader arbitrarily selects…

分布式、并行与集群计算 · 计算机科学 2025-08-19 Orestis Alpos , Bernardo David , Nikolas Kamarinakis , Dionysis Zindros

It is no exaggeration to say that since the introduction of Bitcoin, blockchains have become a disruptive technology that has shaken the world. However, the rising popularity of the paradigm has led to a flurry of proposals addressing…

分布式、并行与集群计算 · 计算机科学 2019-08-23 Christopher Natoli , Jiangshan Yu , Vincent Gramoli , Paulo Esteves-Verissimo

The success of blockchain as the underlying technology for cryptocurrencies has opened up possibilities for its use in other application domains as well. The main advantages of blockchain for its potential use in other domains are its…

网络与互联网体系结构 · 计算机科学 2019-06-21 Mehrdad Salimitari , Mainak Chatterjee

We study decentralized cryptocurrency protocols in which the participants do not deplete physical scarce resources. Such protocols commonly rely on Proof of Stake, i.e., on mechanisms that extend voting power to the stakeholders of the…

密码学与安全 · 计算机科学 2017-01-12 Iddo Bentov , Ariel Gabizon , Alex Mizrahi

The sharing economy is centralizing services, leading to misuses of the Internet. We can list growing damages of data hacks, global outages and even the use of data to manipulate their owners. Unfortunately, there is no decentralized web…

分布式、并行与集群计算 · 计算机科学 2022-03-24 Deepal Tennakoon , Yiding Hua , Vincent Gramoli

In most popular public accessible cryptocurrency systems, the mining pool plays a key role because mining cryptocurrency with the mining pool turns the non-profitable situation into profitable for individual miners. In many recent novel…

分布式、并行与集群计算 · 计算机科学 2022-06-16 Boyang Li , Qing Lu , Weiwen Jiang , Taeho Jung , Yiyu Shi

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

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

This paper introduces Proof of Team Sprint (PoTS), a novel consensus algorithm designed to address the significant energy inefficiencies inherent in traditional Proof of Work (PoW) systems. PoTS shifts the consensus mechanism from an…

分布式、并行与集群计算 · 计算机科学 2024-10-17 Naoki Yonezawa