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We study efficiency in a proof-of-work blockchain with non-zero latencies, focusing in particular on the (inequality in) individual miners' efficiencies. Prior work attributed differences in miners' efficiencies mostly to attacks, but we…

密码学与安全 · 计算机科学 2021-06-08 Mohamed Alzayat , Johnnatan Messias , Balakrishnan Chandrasekaran , Krishna P. Gummadi , Patrick Loiseau

We propose a framework for threshold cryptosystems under a permissionless-economic model in which the participants are rational profit-maximizing entities. To date, threshold cryptosystems have been considered under permissioned settings…

密码学与安全 · 计算机科学 2019-01-07 David Yakira , Ido Grayevsky , Avi Asayag

We study a game-theoretic model for pool formation in Proof of Stake blockchain protocols. In such systems, stakeholders can form pools as a means of obtaining regular rewards from participation in ledger maintenance, with the power of each…

计算机科学与博弈论 · 计算机科学 2025-06-09 Aggelos Kiayias , Elias Koutsoupias , Evangelos Markakis , Panagiotis Tsamopoulos

Trading on decentralized exchanges has been one of the primary use cases for permissionless blockchains with daily trading volume exceeding billions of U.S.~dollars. In the status quo, users broadcast transactions and miners are responsible…

计算机科学与博弈论 · 计算机科学 2023-10-31 Matheus V. X. Ferreira , David C. Parkes

Stratum, the de-facto mining communication protocol used by blockchain based cryptocurrency systems, enables miners to reliably and efficiently fetch jobs from mining pool servers. In this paper we exploit Stratum's lack of encryption to…

密码学与安全 · 计算机科学 2017-03-21 Ruben Recabarren , Bogdan Carbunar

Cryptographic Self-Selection is a common primitive underlying leader-selection for Proof-of-Stake blockchain protocols. The concept was first popularized in Algorand [CM19], who also observed that the protocol might be manipulable. [FHWY22]…

计算机科学与博弈论 · 计算机科学 2024-07-25 Linda Cai , Jingyi Liu , S. Matthew Weinberg , Chenghan Zhou

Permissionless blockchains achieve consensus while allowing unknown nodes to join and leave the system at any time. They typically come in two flavors: proof of work (PoW) and proof of stake (PoS), and both are vulnerable to attacks. PoS…

密码学与安全 · 计算机科学 2026-01-12 Ali Farahbakhsh , Giuliano Losa , Youer Pu , Lorenzo Alvisi , Ittay Eyal

Blockchain stores information into a chain of "blocks", whose integrity is usually guaranteed by Proof of Work (PoW). In many blockchain applications (including cryptocurrencies), users compete with each other to win the ownership of the…

密码学与安全 · 计算机科学 2018-10-09 Wei Li

Transaction fee mechanism design is a new decentralized mechanism design problem where users bid for space on the blockchain. Several recent works showed that the transaction fee mechanism design fundamentally departs from classical…

计算机科学与博弈论 · 计算机科学 2024-04-23 Ke Wu , Elaine Shi , Hao Chung

This thesis introduces a formal general framework for scaling blockchain protocols by sharding. The framework is modular and it can be adjusted for different needs or sets of assumptions. We prove that sharded protocols obtained by…

密码学与安全 · 计算机科学 2019-09-04 Zuphit Fidelman

Platooning technologies enable trucks to drive cooperatively and automatically, providing benefits including less fuel consumption, greater road capacity, and safety. This paper introduces an aggregated zero-knowledge proof and…

密码学与安全 · 计算机科学 2023-06-01 Wanxin Li , Collin Meese , Hao Guo , Mark Nejad

In 2021 Ethereum adjusted the transaction pricing mechanism by implementing EIP-1559, which introduces the base fee - a network fee that is burned and dynamically adjusts to the network demand. The authors of the Ethereum Improvement…

计算机科学与博弈论 · 计算机科学 2023-08-09 Sarah Azouvi , Guy Goren , Lioba Heimbach , Alexander Hicks

We analyze bribing attacks in Proof-of-Stake distributed ledgers from a game theoretic perspective. In bribing attacks, an adversary offers participants a reward in exchange for instructing them how to behave, with the goal of attacking the…

计算机科学与博弈论 · 计算机科学 2024-06-21 Dimitris Karakostas , Aggelos Kiayias , Thomas Zacharias

We study selfish mining attacks in longest-chain blockchains like Bitcoin, but where the proof of work is replaced with efficient proof systems -- like proofs of stake or proofs of space -- and consider the problem of computing an optimal…

GHOST, like the longest-chain protocol, is a chain selection protocol and its capability in resisting selfish mining attack has been validated in imperfect blockchains of Bitcoin and its variants (Bitcoin-like). This paper explores an…

密码学与安全 · 计算机科学 2023-02-02 Haoran Zhu , Xiaolin Chang , Jelena Mišić , Vojislav B. Mišić , Lei Han , Zhi Chen

The rapid expansion of the use of blockchain-based systems often leads to a choice between customizable private blockchains and more secure, scalable and decentralized but expensive public blockchains. This choice represents the trade-off…

密码学与安全 · 计算机科学 2023-06-06 Thomas Lavaur , Jonathan Detchart , Jérôme Lacan , Caroline P. C. Chanel

Proof-of-work (PoW) cryptocurrencies rely on a balance of security and fairness in order to maintain a sustainable ecosystem of miners and users. Users demand fast and consistent transaction confirmation, and in exchange drive the adoption…

密码学与安全 · 计算机科学 2023-06-22 Patrik Keller , Ben Glickenhaus , George Bissias , Gregory Griffith

Regardless of their variations, blockchains require a consensus mechanism to validate transactions, supervise added blocks, maintain network security, synchronize the network state, and distribute incentives. Proof-of-Work (PoW), one of the…

分布式、并行与集群计算 · 计算机科学 2024-07-25 Amirreza Sokhankhosh , Sara Rouhani

We study long-term equilibria that arise in the token monetary policy, or tokenomics, design of proof-of-stake (PoS) blockchain systems that engage utility maximizing users and validators. Validators are system maintainers who get rewarded…

计算机科学与博弈论 · 计算机科学 2025-02-13 Aggelos Kiayias , Philip Lazos , Paolo Penna

Bitcoin, Ethereum and other blockchain-based cryptocurrencies, as deployed today, cannot scale for wide-spread use. A leading approach for cryptocurrency scaling is a smart contract mechanism called a payment channel which enables two…

密码学与安全 · 计算机科学 2017-12-04 Andrew Miller , Iddo Bentov , Ranjit Kumaresan , Christopher Cordi , Patrick McCorry