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Bitcoin mining is a wasteful and resource-intensive process. To add a block of transactions to the blockchain, miners spend a considerable amount of energy. The Bitcoin protocol, named 'proof of work' (PoW), resembles a lottery and the…

分布式、并行与集群计算 · 计算机科学 2020-01-28 Andrei Lihu , Jincheng Du , Igor Barjaktarevic , Patrick Gerzanics , Mark Harvilla

Smart Contracts and transactions allow users to implement elaborate constructions on cryptocurrency blockchains like Bitcoin and Ethereum. Many of these constructions, including operational payment channels and atomic swaps, use a building…

密码学与安全 · 计算机科学 2021-03-26 Itay Tsabary , Matan Yechieli , Alex Manuskin , Ittay Eyal

Despite the popularity of Hashed Time-Locked Contracts (HTLCs) because of their use in wide areas of applications such as payment channels, atomic swaps, etc, their use in exchange is still questionable. This is because of its incentive…

密码学与安全 · 计算机科学 2025-10-24 Nitin Awathare

Blockchain-based cryptocurrencies secure a decentralized consensus protocol by incentives. The protocol participants, called miners, generate (mine) a series of blocks, each containing monetary transactions created by system users. As…

密码学与安全 · 计算机科学 2018-11-14 Itay Tsabary , Ittay Eyal

Accountability, the ability to provably identify protocol violators, gained prominence as the main economic argument for the security of proof-of-stake (PoS) protocols. Rollups, the most popular scaling solution for blockchains, typically…

密码学与安全 · 计算机科学 2022-11-08 Ertem Nusret Tas , John Adler , Mustafa Al-Bassam , Ismail Khoffi , David Tse , Nima Vaziri

Bitcoin-NG, a scalable blockchain protocol, divides each block into a key block and many micro blocks to effectively improve the transaction processing capacity. Bitcoin-NG has a special incentive mechanism (i.e. splitting transaction fees…

密码学与安全 · 计算机科学 2020-06-23 Taotao Wang , Xiaoqian Bai , Hao Wang , Soung Chang Liew , Shengli Zhang

Our work focuses on the design of a scalable permissionless blockchain in the proof-of-stake setting. In particular, we use a distributed hash table as a building block to set up randomized shards, and then leverage the sharded architecture…

分布式、并行与集群计算 · 计算机科学 2019-07-12 Antoine Durand , Emmanuelle Anceaume , Romaric Ludinard

We present two attacks targeting the Proof-of-Stake (PoS) Ethereum consensus protocol. The first attack suggests a fundamental conceptual incompatibility between PoS and the Greedy Heaviest-Observed Sub-Tree (GHOST) fork choice paradigm…

密码学与安全 · 计算机科学 2022-03-03 Joachim Neu , Ertem Nusret Tas , David Tse

The Bitcoin cryptocurrency records its transactions in a public log called the blockchain. Its security rests critically on the distributed protocol that maintains the blockchain, run by participants called miners. Conventional wisdom…

密码学与安全 · 计算机科学 2013-11-18 Ittay Eyal , Emin Gun Sirer

Blockchains offer a decentralized and secure execution environment strong enough to host cryptocurrencies, but the state-replication model makes on-chain computation expensive. To avoid heavy on-chain workloads, systems like Truebit and…

计算机科学与博弈论 · 计算机科学 2026-02-06 Suhyeon Lee , Dieu-Huyen Nguyen , Donghwan Lee

Rollups have become the de facto scalability solution for Ethereum, securing more than $55B in assets. They achieve scale by executing transactions on a Layer 2 ledger, while periodically posting data and finalizing state on the Layer 1,…

密码学与安全 · 计算机科学 2025-09-23 Stefanos Chaliasos , Conner Swann , Sina Pilehchiha , Nicolas Mohnblatt , Benjamin Livshits , Assimakis Kattis

While cryptocurrencies and blockchain applications continue to gain popularity, their energy cost is evidently becoming unsustainable. In most instances, the main cost comes from the required amount of energy for the Proof-of-Work, and this…

密码学与安全 · 计算机科学 2019-08-20 Philippe Jacquet , Bernard Mans

Miners in a blockchain system are suffering from ever-increasing storage costs, which in general have not been properly compensated by the users' transaction fees. This reduces the incentives for the miners' participation and may jeopardize…

计算机科学与博弈论 · 计算机科学 2021-08-24 Yunshu Liu , Zhixuan Fang , Man Hon Cheung , Wei Cai , Jianwei Huang

Cybercriminals have been exploiting cryptocurrencies to commit various unique financial frauds. Covert cryptomining - which is defined as an unauthorized harnessing of victims' computational resources to mine cryptocurrencies - is one of…

密码学与安全 · 计算机科学 2020-12-16 Ankit Gangwal , Samuele Giuliano Piazzetta , Gianluca Lain , Mauro Conti

In this work, we reexamine the vulnerability of Payment Channel Networks (PCNs) to bribing attacks, where an adversary incentivizes blockchain miners to deliberately ignore a specific transaction to undermine the punishment mechanism of…

密码学与安全 · 计算机科学 2024-07-18 Zeta Avarikioti , Paweł Kędzior , Tomasz Lizurej , Tomasz Michalak

Proof-of-Work blockchain, despite its numerous benefits, is still not an entirely secure technology due to the existence of Selfish Mining (SM) strategies that can disrupt the system and its mining economy. While the effect of SM has been…

密码学与安全 · 计算机科学 2019-10-08 Tin Leelavimolsilp , Long Tran-Thanh , Sebastian Stein , Viet Hung Nguyen

Due to its minimal energy requirement the PoS consensus protocol has become an attractive alternative to PoW in modern cryptocurrencies. In this protocol the chance of being selected as a block proposer in each round is proportional to the…

信息论 · 计算机科学 2022-07-26 Zahra Naderi , Seyed Pooya Shariatpanahi , Behnam Bahrak

The progress of deep learning (DL), especially the recent development of automatic design of networks, has brought unprecedented performance gains at heavy computational cost. On the other hand, blockchain systems routinely perform a huge…

密码学与安全 · 计算机科学 2020-07-31 Yixiao Lan , Yuan Liu , Boyang Li

The recently proposed Transaction Fee Mechanism (TFM) literature studies the strategic interaction between the miner of a block and the transaction creators (or users) in a blockchain. In a TFM, the miner includes transactions that maximize…

计算机科学与博弈论 · 计算机科学 2024-02-08 Sankarshan Damle , Varul Srivastava , Sujit Gujar

Blockchains rely on a consensus among participants to achieve decentralization and security. However, reaching consensus in an online, digital world where identities are not tied to physical users is a challenging problem. Proof-of-work…

密码学与安全 · 计算机科学 2020-11-16 Hjalmar Turesson , Henry M. Kim , Marek Laskowski , Alexandra Roatis