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We propose LazyLedger, a design for distributed ledgers where the blockchain is optimised for solely ordering and guaranteeing the availability of transaction data. Responsibility for executing and validating transactions is shifted to only…

密码学与安全 · 计算机科学 2019-06-11 Mustafa Al-Bassam

The limitation with smart contracts is that they cannot access external data which might be required to control the execution of business logic. Oracles can be used to provide external data to smart contracts. An oracle is an interface that…

密码学与安全 · 计算机科学 2020-07-16 Abdeljalil Beniiche

The blockchain oracle problem, which refers to the challenge of injecting reliable external data into decentralized systems, remains a fundamental limitation to the development of trustless applications. While recent years have seen a…

密码学与安全 · 计算机科学 2025-12-04 Giulio Caldarelli

Thanks to built-in immutability and persistence, the blockchain is often seen as a promising technology to certify information. However, when the information does not originate from the blockchain itself, its correctness cannot be taken for…

密码学与安全 · 计算机科学 2022-11-14 Marco Di Gennaro , Lorenzo Italiano , Giovanni Meroni , Giovanni Quattrocchi

Distributed Computing in Blockchain Technology (BCT) hinges on a trust assumption among independent nodes. Without a third-party interface or what is known as a Blockchain Oracle, it can not interact with the external world. This Oracle…

密码学与安全 · 计算机科学 2024-01-02 Fahad Rahman , Chafiq Titouna , Farid Nait-Abdesselam

Blockchain has been regarded as a promising technology for Internet of Things (IoT), since it provides significant solutions for decentralized network which can address trust and security concerns, high maintenance cost problem, etc. The…

分布式、并行与集群计算 · 计算机科学 2019-07-24 Bin Cao , Yixin Li , Lei Zhang , Long Zhang , Shahid Mumtaz , Zhenyu Zhou , Mugen Peng

Nakamoto's seminal work gave rise to permissionless blockchains -- as well as a wide range of proposals to mitigate their performance shortcomings. Despite substantial throughput and energy efficiency achievements, most proposals only bring…

分布式、并行与集群计算 · 计算机科学 2022-12-23 Paulo Silva , Miguel Matos , João Barreto

Public blockchains should be able to scale with respect to the number of nodes and to the transactions workload. The blockchain scalability trilemma has been informally conjectured. This is related to scalability, security and…

分布式、并行与集群计算 · 计算机科学 2020-06-08 Gianmaria Del Monte , Diego Pennino , Maurizio Pizzonia

The blockchain is a distributed technology which allows establishing trust among unreliable users who interact and perform transactions with each other. While blockchain technology has been mainly used for crypto-currency, it has emerged as…

网络与互联网体系结构 · 计算机科学 2022-01-28 Hajar Moudoud , Soumaya Cherkaoui , Lyes Khoukhi

A blockchain replaces central counterparties with time-consuming consensus protocols to record the transfer of ownership. This settlement latency slows cross-exchange trading, exposing arbitrageurs to price risk. Off-chain settlement,…

交易与市场微观结构 · 定量金融 2023-10-20 Nikolaus Hautsch , Christoph Scheuch , Stefan Voigt

Bitcoin brings a new type of digital currency that does not rely on a central system to maintain transactions. By benefiting from the concept of decentralized ledger, users who do not know or trust each other can still conduct transactions…

密码学与安全 · 计算机科学 2019-09-17 Zhimin Gao , Lei Xu , Keshav Kasichainula , Lin Chen , Bogdan Carbunar , Weidong Shi

At the heart of the Bitcoin is a blockchain protocol, a protocol for achieving consensus on a public ledger that records bitcoin transactions. To the extent that a blockchain protocol is used for applications such as contract signing and…

密码学与安全 · 计算机科学 2017-07-28 Joseph Y. Halpern , Rafael Pass

Blockchains based on the celebrated Nakamoto consensus protocol have shown promise in several applications, including cryptocurrencies. However, these blockchains have inherent scalability limits caused by the protocol's consensus…

密码学与安全 · 计算机科学 2021-10-12 Qing Zhang , Xueping Gong , Huizhong Li , Hao Wu , Jiheng Zhang

This paper presents Conflux, a fast, scalable and decentralized blockchain system that optimistically process concurrent blocks without discarding any as forks. The Conflux consensus protocol represents relationships between blocks as a…

分布式、并行与集群计算 · 计算机科学 2018-09-05 Chenxing Li , Peilun Li , Dong Zhou , Wei Xu , Fan Long , Andrew Yao

Blockchain is a decentralized system that allows transaction transmission and storage according to the roles of the Consensus algorithm and Smart contracts. Non-fungible tokens (NFTs) consolidate the best characteristics of blockchain…

密码学与安全 · 计算机科学 2022-09-07 Subhash Shankar Pandey , Tadasha Dash , Prasanta K. Panigrahi , Ahmed Farouk

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…

For Nakamoto's longest-chain consensus protocol, whose proof-of-work (PoW) and proof-of-stake (PoS) variants power major blockchains such as Bitcoin and Cardano, we revisit the classic problem of the security-performance tradeoff: Given a…

密码学与安全 · 计算机科学 2024-06-26 Lucianna Kiffer , Joachim Neu , Srivatsan Sridhar , Aviv Zohar , David Tse

The choice of the consensus method ultimately determines throughput, scalability, tamper resistance, and consistency of a blockchain system. However, across all the types of blockchain (private, semi-private, consortium, or public), there…

密码学与安全 · 计算机科学 2018-11-14 Ernst-Georg Schmid

Distributed ledger technologies (DLTs) rely on distributed consensus mechanisms to reach agreement over the order of transactions and to provide immutability and availability of transaction data. Distributed consensus suffers from…

分布式、并行与集群计算 · 计算机科学 2025-12-01 Matteo Bjornsson , Taylor Hardin , Taylor Heinecke , Marcin Furtak , David L. Millman , Mike P. Wittie

Blockchain is one of the most discussed and highly accepted technologies, primarily due to its application in almost every field where third parties are needed for trust. Blockchain technology relies on distributed consensus for trust,…

密码学与安全 · 计算机科学 2022-02-02 Arman Rasoodl Faridi , Faraz Masood , Ali Haider Thabet Shamsan , Mohammad Luqman , Monir Yahya Salmony