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Bitcoin demonstrated the possibility of a financial ledger that operates without the need for a trusted central authority. However, concerns persist regarding its security and considerable energy consumption. We assess the consensus…

计算机科学与博弈论 · 计算机科学 2025-03-04 Jacob D. Leshno , Elaine Shi , Rafael Pass

Blockchain is a novel technology that is rising a lot of interest in the industrial and re- search sectors because its properties of decentralisation, immutability and data integrity. Initially, the underlying consensus mechanism has been…

密码学与安全 · 计算机科学 2018-05-10 Stefano De Angelis

The core premise of permissionless blockchains is their reliable and secure operation without the need to trust any individual agent. At the heart of blockchain consensus mechanisms is an explicit cost (whether work or stake) for…

密码学与安全 · 计算机科学 2023-08-15 Joshua S. Gans , Hanna Halaburda

If blockchain networks are to become the building blocks of the infrastructure for the future digital economy, then several challenges related to the resiliency and survivability of blockchain networks need to be addressed. The…

密码学与安全 · 计算机科学 2020-05-12 Thomas Hardjono , Ned Smith

Proof-of-work blockchains need to be carefully designed so as to create the proper incentives for miners to faithfully maintain the network in a sustainable way. This paper describes how the economic engineering of the Conflux Network, a…

综合经济学 · 经济学 2020-04-29 Yuxi Cai , Fan Long , Andreas Park , Andreas Veneris

Permissionless blockchains such as Bitcoin have long been criticized for their high computational and storage overhead. Unfortunately, while a number of proposals address the energy consumption of existing Proof-of-Work deployments, little…

密码学与安全 · 计算机科学 2022-07-01 Alessandro Sforzin , Matteo Maso , Claudio Soriente , Ghassan Karame

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

The blockchain technology enables mutually untrusting participants to reach consensus on the state of a distributed and decentralized ledger (called a blockchain) in a permissionless setting. The consensus protocol of the blockchain imposes…

密码学与安全 · 计算机科学 2019-03-12 Chunpeng Ge , Siwei Sun , Pawel Szalachowski

In blockchain systems, especially cryptographic currencies such as Bitcoin, the double-spending and Byzantine-general-like problem are solved by reaching consensus protocols among all nodes. The state-of-the-art protocols include…

密码学与安全 · 计算机科学 2018-08-02 Jianwen Chen , Kai Duan , Rumin Zhang , Liaoyuan Zeng , Wenyi Wang

Blockchain is currently one of the fastest-growing technologies in the field of Computer Science. It has found a prevalent use in financial applications like cryptocurrency, for example, Bitcoin and Ethereum. They have been able to bring an…

密码学与安全 · 计算机科学 2021-07-30 Keenu Chandra , Maroof Mushtaq , Nalini N

Permissionless blockchain consensus protocols have been designed primarily for defining decentralized economies for the commercial trade of assets, both virtual and physical, using cryptocurrencies. In most instances, the assets being…

计算机科学与博弈论 · 计算机科学 2021-03-31 Aditya Ahuja , Vinay J. Ribeiro , Ranjan Pal

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

The purpose of a consensus protocol is to keep a distributed network of nodes "in sync," even in the presence of an unpredictable communication network and adversarial behavior by some of the participating nodes. In the permissionless…

分布式、并行与集群计算 · 计算机科学 2024-06-25 Eric Budish , Andrew Lewis-Pye , Tim Roughgarden

Permissioned blockchains have been proposed for a variety of use cases that require decentralization yet address enterprise requirements that permissionless blockchains to date cannot satisfy -- particularly in terms of performance.…

密码学与安全 · 计算机科学 2024-04-05 Orestis Papageorgiou , Lasse Börtzler , Egor Ermolaev , Jyoti Kumari , Johannes Sedlmeir

Blockchain protocols come with a variety of security guarantees. For example, BFT-inspired protocols such as Algorand tend to be secure in the partially synchronous setting, while longest chain protocols like Bitcoin will normally require…

密码学与安全 · 计算机科学 2021-11-08 Andrew Lewis-Pye , Tim Roughgarden

Decentralization is a fundamental design element of the Web3 economy. Blockchains and distributed consensus mechanisms are touted as fault-tolerant, attack-resistant, and collusion-proof because they are decentralized. Recent analyses,…

网络与互联网体系结构 · 计算机科学 2026-04-15 Harang Ju , Madhav Kumar , Ehsan Valavi , Sinan Aral

Blockchain and distributed ledger technologies rely on distributed consensus algorithms. In recent years many consensus algorithms and protocols have been proposed; most of them are for permissioned blockchain networks. However, the…

分布式、并行与集群计算 · 计算机科学 2023-01-19 Shiv Sondhi , Sherif Saad , Kevin Shi , Mohammad Mamun , Issa Traore

Blockchain is a type of decentralized distributed network which acts as an immutable digital ledger. Despite the absence of any central governing authority to validate the blocks in the ledger, it is considered secure and immutable due to…

分布式、并行与集群计算 · 计算机科学 2021-09-07 Shashank Joshi

Blockchain is rapidly emerging as an important class of network application, with a unique set of trust, security and transparency properties. In a blockchain system, participants record and update the `server-side' state of an application…

网络与互联网体系结构 · 计算机科学 2022-05-24 Yifan Mao , Shaileshh Bojja Venkatakrishnan

Scalability is a common issue among the most used permissionless blockchains, and several approaches have been proposed to solve this issue. Tackling scalability while preserving the security and decentralization of the network is a…

密码学与安全 · 计算机科学 2023-11-10 Mikel Cortes-Goicoechea , Tarun Mohandas-Daryanani , Jose L. Muñoz-Tapia , Leonardo Bautista-Gomez
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