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We propose a proof-of-work algorithm that rewards blockchain miners for using computational resources to solve NP-complete puzzles. The resulting blockchain will publicly store and improve solutions to problems with real world applications…

分布式、并行与集群计算 · 计算机科学 2017-09-05 Carlos G. Oliver , Alessandro Ricottone , Pericles Philippopoulos

In a PoW-based blockchain network, mining pools (the solo miner could be regarded as a mining pool containing one miner) compete to successfully mine blocks to pursue rewards. Generally, the rewards include the fixed block subsidies and…

计算机科学与博弈论 · 计算机科学 2021-10-20 Jinmian Chen , Yukun Cheng , Zhiqi Xu , Yan Cao

We propose a blockchain architecture in which mining requires a quantum computer. The consensus mechanism is based on proof of quantum work, a quantum-enhanced alternative to traditional proof of work that leverages quantum supremacy to…

Proof-of-Stake blockchains based on a longest-chain consensus protocol are an attractive energy-friendly alternative to the Proof-of-Work paradigm. However, formal barriers to "getting the incentives right" were recently discovered, driven…

计算机科学与博弈论 · 计算机科学 2023-10-31 Matheus V. X. Ferreira , S. Matthew Weinberg

We introduce Unity, a new consensus algorithm for public blockchain settings. Unity is an eventual consistency protocol merging the Proof-of-Work (PoW) and Proof-of-Stake (PoS) into a coherent stochastic process. It encompasses hardware and…

密码学与安全 · 计算机科学 2019-06-10 Yulong Wu , Yunfei Zha , Yao Sun

A new variation of blockchain proof of work algorithm is proposed to incentivize the timely execution of image processing algorithms. A sample image processing algorithm is proposed to determine interesting images using analysis of the…

密码学与安全 · 计算机科学 2017-07-17 Jake Billings

Forks in the Bitcoin network result from the natural competition in the blockchain's Proof-of-Work consensus protocol. Their frequency is a critical indicator for the efficiency of a distributed ledger as they can contribute to resource…

分布式、并行与集群计算 · 计算机科学 2024-11-18 Paolo Barucca , Carlo Campajola , Jiahua Xu

Blockchain, the technology behind the popular Bitcoin, is considered a "security by design" system as it is meant to create security among a group of distrustful parties yet without a central trusted authority. The security of blockchain…

密码学与安全 · 计算机科学 2020-09-02 Yang Xiao , Ning Zhang , Wenjing Lou , Y. Thomas Hou

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

Proof-of-Work (PoW) is a Sybil control mechanism adopted in blockchain-based cryptocurrencies. It prevents the attempt of malicious actors to manipulate distributed ledgers. Bitcoin has successfully suppressed double-spending by accepting…

密码学与安全 · 计算机科学 2022-08-31 Suhyeon Lee , Donghwan Lee , Seungjoo Kim

A proof of work (PoW) blockchain protocol distributes rewards to its participants, called miners, according to their share of the total computational power. Sufficiently large miners can perform selfish mining - deviate from the protocol to…

密码学与安全 · 计算机科学 2020-09-16 Roi Bar-Zur , Ittay Eyal , Aviv Tamar

Abrupt changes in the miner hash rate applied to a proof-of-work (PoW) blockchain can adversely affect user experience and security. Because different PoW blockchains often share hashing algorithms, miners face a complex choice in deciding…

密码学与安全 · 计算机科学 2018-06-20 George Bissias , Brian N. Levine , David Thibodeau

Resource-based consensus is the backbone of permissionless distributed ledger systems. The security of such protocols relies fundamentally on the level of resources actively engaged in the system. The variety of different resources (and…

密码学与安全 · 计算机科学 2022-09-08 Matthias Fitzi , Xuechao Wang , Sreeram Kannan , Aggelos Kiayias , Nikos Leonardos , Pramod Viswanath , Gerui Wang

A proof of work (PoW) is an important cryptographic construct enabling a party to convince others that they invested some effort in solving a computational task. Arguably, its main impact has been in the setting of cryptocurrencies such as…

量子物理 · 物理学 2023-03-15 Alexandru Cojocaru , Juan Garay , Aggelos Kiayias , Fang Song , Petros Wallden

In response to the European Commission's aim of cutting carbon emissions by 2050, there is a growing need for cutting-edge solutions to promote low-carbon energy consumption in public infrastructures. This paper introduces a Proof of…

密码学与安全 · 计算机科学 2024-03-14 Renan Lima Baima , Iván Abellán Álvarez , Ivan Pavić , Emanuela Podda

The security of most existing cryptocurrencies is based on a concept called Proof-of-Work, in which users must solve a computationally hard cryptopuzzle to authorize transactions (`one unit of computation, one vote'). This leads to enormous…

计算机科学与博弈论 · 计算机科学 2018-09-19 Jonah Brown-Cohen , Arvind Narayanan , Christos-Alexandros Psomas , S. Matthew Weinberg

In most popular public accessible cryptocurrency systems, the mining pool plays a key role because mining cryptocurrency with the mining pool turns the non-profitable situation into profitable for individual miners. In many recent novel…

分布式、并行与集群计算 · 计算机科学 2022-06-16 Boyang Li , Qing Lu , Weiwen Jiang , Taeho Jung , Yiyu Shi

Mining attacks enable an adversary to procure a disproportionately large portion of mining rewards by deviating from honest mining practices within the PoW-based blockchain system. In this paper, we demonstrate that the security…

密码学与安全 · 计算机科学 2025-05-12 Junjie Hu , Na Ruan

Blockchain systems often employ proof-of-work consensus protocols to validate and add transactions into hashchains. These protocols stimulate competition among miners in solving cryptopuzzles (e.g. SHA-256 hash computation in Bitcoin) in…

计算机科学与博弈论 · 计算机科学 2020-05-13 Venkata Sriram Siddhardh Nadendla , Lav R. Varshney

Parallel Proof-of-Work (PoW) protocols have been suggested in the literature to improve the safety guarantees, transaction throughput and confirmation latencies of Nakamoto consensus. In this work, we first consider the existing parallel…

密码学与安全 · 计算机科学 2026-01-09 Mustafa Doger , Sennur Ulukus