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Bitcoin is the most successful cryptocurrency so far. This is mainly due to its novel consensus algorithm, which is based on proof-of-work combined with a cryptographically-protected data structure and a rewarding scheme that incentivizes…

密码学与安全 · 计算机科学 2019-05-24 Pawel Szalachowski , Daniel Reijsbergen , Ivan Homoliak , Siwei Sun

Recently, the blockchain technique was put in the spotlight as it introduced a systematic approach for multiple parties to reach consensus without needing trust. However, the application of this technique in practice is severely restricted…

分布式、并行与集群计算 · 计算机科学 2017-07-17 Zhijie Ren , Kelong Cong , Johan Pouwelse , Zekeriya Erkin

Current blockchain consensus protocols -- notably, Proof of Work (PoW) and Proof of Stake (PoS) -- deliver global agreement but exhibit structural constraints. PoW anchors security in heavy computation, inflating energy use and imposing…

密码学与安全 · 计算机科学 2025-12-11 Kyle Habib , Vladislav Kapitsyn , Giovanni Mazzeo , Faisal Mehrban

We introduce Casper, a proof of stake-based finality system which overlays an existing proof of work blockchain. Casper is a partial consensus mechanism combining proof of stake algorithm research and Byzantine fault tolerant consensus…

密码学与安全 · 计算机科学 2019-01-23 Vitalik Buterin , Virgil Griffith

The Proof of Efficient Liquidity (PoEL) protocol, designed for specialised Proof of Stake (PoS) consensus-based blockchains that incorporate intrinsic DeFi applications, aims to support sustainable liquidity bootstrapping and network…

综合金融 · 定量金融 2024-02-19 Arman Abgaryan , Utkarsh Sharma , Joshua Tobkin

Blockchain technology has been gaining great interest from a variety of sectors, including healthcare, supply chain and cryptocurrencies. However, Blockchain suffers from its limited ability to scale (i.e. low throughput and high latency).…

密码学与安全 · 计算机科学 2021-08-13 Abdelatif Hafid , Abdelhakim Senhaji Hafid , Adil Senhaji

In the field of distributed consensus and blockchains, the synchronous communication model assumes that all messages between honest parties are delayed at most by a known constant $\Delta$. Recent literature establishes that the…

密码学与安全 · 计算机科学 2021-02-02 Suryanarayana Sankagiri , Shreyas Gandlur , Bruce Hajek

Proof-of-stake (PoS) is a promising approach for designing efficient blockchains, where block proposers are randomly chosen with probability proportional to their stake. A primary concern with PoS systems is the "rich getting richer"…

密码学与安全 · 计算机科学 2018-10-17 Giulia Fanti , Leonid Kogan , Sewoong Oh , Kathleen Ruan , Pramod Viswanath , Gerui Wang

Blockchain consensus mechanisms have relied on algorithms such as Proof-of-Work (PoW) and Proof-of-Stake (PoS) to ensure network functionality and integrity. However, these approaches struggle with adaptability for decision-making where the…

多智能体系统 · 计算机科学 2026-02-10 Apurba Pokharel , Ram Dantu , Shakila Zaman , Vinh Quach , Sirisha Talapuru

Layer 1 (L1) blockchains such as Ethereum are secured under an "honest supermajority of stake" assumption for a large pool of validators who verify each and every transaction on it. This high security comes at a scalability cost which not…

密码学与安全 · 计算机科学 2024-07-25 Peiyao Sheng , Ranvir Rana , Senthil Bala , Himanshu Tyagi , Pramod Viswanath

The Decentralized-Consistent-Scale (DCS) Triangle defines three dimensions that illustrate the tradeoffs of the blockchain consensus mechanism. In this paper, we propose a new hybrid consensus protocol, called Deterministic Proof of Work…

密码学与安全 · 计算机科学 2018-11-15 Zhuan Cheng , Gang Wu , Hao Wu , Muxing Zhao , Liang Zhao , Qingfeng Cai

We present a general consensus framework that allows to easily introduce a customizable Byzantine fault tolerant consensus algorithm to an existing (Delegated) Proof-of-Stake blockchain. We prove the safety of the protocol under the…

分布式、并行与集群计算 · 计算机科学 2021-05-06 Jan Hackfeld

A family of leaderless, decentralized consensus protocols, called Snow consensus was introduced in a recent whitepaper by Yin et al. These protocols address limitations of existing consensus methods, such as those using proof-of-work or…

分布式、并行与集群计算 · 计算机科学 2024-01-08 Ignacio Amores-Sesar , Christian Cachin , Philipp Schneider

Blockchain consensus is a state whereby each node in a network agrees on the current state of the blockchain. Existing protocols achieve consensus via a contest or voting procedure to select one node as a dictator to propose new blocks.…

理论经济学 · 经济学 2022-06-22 Joshua S. Gans , Richard Holden

This paper presents Adamastor, a new low latency and scalable decentralized anonymous payment system, which is an extension of Ring Confidential Transactions (RingCT) that is compatible with consensus algorithms that use Delegated Proof of…

密码学与安全 · 计算机科学 2023-12-15 Rui Morais , Paul Crocker , Simao Melo de Sousa

For permissionless blockchains, scalability is paramount. While current technologies still fail to address this problem fully, many research works propose sharding or other techniques that extensively adopt parallel processing of…

密码学与安全 · 计算机科学 2022-12-23 Andrea Mariani , Gianluca Mariani , Diego Pennino , Maurizio Pizzonia

Programmable blockchains have long been a hot research topic given their tremendous use in decentralized applications. Smart contracts, using blockchains as their underlying technology, inherit the desired properties such as verifiability,…

密码学与安全 · 计算机科学 2025-08-19 Zhaorun Lin

Bitcoin is the first fully-decentralized permissionless blockchain protocol to achieve a high level of security, but at the expense of poor throughput and latency. Scaling the performance of Bitcoin has a been a major recent direction of…

分布式、并行与集群计算 · 计算机科学 2023-02-20 Lei Yang , Xuechao Wang , Vivek Bagaria , Gerui Wang , Mohammad Alizadeh , David Tse , Giulia Fanti , Pramod Viswanath

As smart contract platforms autonomously manage billions of dollars of capital, quantifying the portfolio risk that investors engender in these systems is increasingly important. Recent work illustrates that Proof of Stake (PoS) is…

综合金融 · 定量金融 2020-06-22 Tarun Chitra , Alex Evans

Given the parallels between game theory and consensus, it makes sense to intelligently design blockchain or DAG protocols with an incentive-compatible-first mentality. To that end, we propose a new blockchain or DAG protocol enhancement…

计算机科学与博弈论 · 计算机科学 2018-04-19 Drew Stone