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Banking as an essential service can be hard to access in remote, rural regions where the network connectivity is intermittent. Although micro-banking has been made possible by SMS or USSD messages in some places, their security flaws and…

Most popular blockchain solutions, like Bitcoin, rely on proof-of-work, guaranteeing that the output of the consensus is agreed upon with high probability. However, this probability depends on the delivery of messages and that the…

分布式、并行与集群计算 · 计算机科学 2016-05-19 Christopher Natoli , Vincent Gramoli

Blockchain has been considered as an important technique to enable secure management of virtual network functions and network slices. To understand such capabilities of a blockchain, e.g. transaction confirmation time, demands a thorough…

密码学与安全 · 计算机科学 2020-10-22 Befekadu G. Gebraselase , Bjarne E. Helvik , Yuming Jiang

Blockchain (BC), the technology behind the Bitcoin cryptocurrency system, is starting to be adopted for ensuring enhanced security and privacy in the Internet of Things (IoT) ecosystem. Fervent research is currently being focused in both…

密码学与安全 · 计算机科学 2018-06-15 Mahdi H. Miraz , Maaruf Ali

Modern blockchains guarantee that submitted transactions will be included eventually; a property formally known as liveness. But financial activity requires transactions to be included in a timely manner. Unfortunately, classical liveness…

理论经济学 · 经济学 2023-06-27 Elijah Fox , Mallesh Pai , Max Resnick

Cyber-physical systems and the Internet of things (IoT) is becoming an integral part of the digital society. The use of IoT services improves human life in many ways. Protection against cyber threats is an important aspect of the…

密码学与安全 · 计算机科学 2021-04-21 Yaroslav Meshcheryakov , Anna Melman , Oleg Evsutin , Vladimir Morozov , Yevgeni Koucheryavy

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

Bitcoin blockchain faces the bitcoin scalability problem, for which bitcoin's blocks contain the transactions on the bitcoin network. The on-chain transaction processing capacity of the bitcoin network is limited by the average block…

分布式、并行与集群计算 · 计算机科学 2018-08-14 Changting Lin , Ning Ma , Xun Wang , Zhenguang Liu , Jianhai Chen , Shouling Ji

A reputation of high volatility accompanies the emergence of Bitcoin as a financial asset. This paper intends to nuance this reputation and clarify our understanding of Bitcoin's volatility. Using daily, weekly, and monthly closing prices…

统计金融 · 定量金融 2021-03-02 Nassim Dehouche

Blockchain (BC) technology can revolutionize future networks by providing a distributed, secure, and unalterable way to boost collaboration among operators, users, and other stakeholders. Its implementations have traditionally been…

网络与互联网体系结构 · 计算机科学 2021-04-13 Francesc Wilhelmi , Lorenza Giupponi

We study to what extent the Bitcoin blockchain security permanently depends on the underlying distribution of cryptocurrency market outcomes. We use daily blockchain and Bitcoin data for 2014-2019 and employ the ARDL approach. We test three…

综合经济学 · 经济学 2021-02-18 Pavel Ciaian , d'Artis Kancs , Miroslava Rajcaniova

As the first decentralized digital currency introduced in 2009 together with the blockchain, Bitcoin offers new opportunities both for developed and developing countries. Bitcoin peer-to-peer transactions are independent of the banking…

物理与社会 · 物理学 2018-04-25 Francesco Parino , Mariano G. Beiro , Laetitia Gauvin

Over the past decade, the Bitcoin P2P network protocol has become a reference model for all modern cryptocurrencies. While nodes in this network are known, the connections among them are kept hidden, as it is commonly believed that this…

密码学与安全 · 计算机科学 2021-07-28 Federico Franzoni , Xavier Salleras , Vanesa Daza

Many blockchain-based algorithms, such as Bitcoin, implement a decentralized asset transfer system, often referred to as a cryptocurrency. As stated in the original paper by Nakamoto, at the heart of these systems lies the problem of…

分布式、并行与集群计算 · 计算机科学 2019-06-14 Rachid Guerraoui , Petr Kuznetsov , Matteo Monti , Matej Pavlovic , Dragos-Adrian Seredinschi

Blockchain is based on a P2P network, supporting decentralized consensus of current cryptocurrencies. Since bitcoin and altcoins all utilize an underlying blockchain, they are therefore greatly affected by the performance of the P2P…

网络与互联网体系结构 · 计算机科学 2018-09-17 Wei Bi , Huawei Yang , Maolin Zheng

Bitcoin is the world's first decentralized digital currency. Its main technical innovation is the use of a blockchain and hash-based proof of work to synchronize transactions and prevent double-spending the currency. While the qualitative…

密码学与安全 · 计算机科学 2014-02-12 Meni Rosenfeld

Blockchain is a distributed ledger, which is protected against malicious modifications by means of cryptographic tools, e.g. digital signatures and hash functions. One of the most prominent applications of blockchains is cryptocurrencies,…

密码学与安全 · 计算机科学 2019-12-20 E. O. Kiktenko , M. A. Kudinov , A. K. Fedorov

In this paper, we identify a new form of attack, called the Balance attack, against proof-of-work blockchain systems. The novelty of this attack consists of delaying network communications between multiple subgroups of nodes with balanced…

分布式、并行与集群计算 · 计算机科学 2017-01-02 Christopher Natoli , Vincent Gramoli

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

Bitcoin is the most secure blockchain in the world, supported by the immense hash power of its Proof-of-Work miners. Proof-of-Stake chains are energy-efficient, have fast finality but face several security issues: susceptibility to…

密码学与安全 · 计算机科学 2025-02-04 Ertem Nusret Tas , David Tse , Fangyu Gai , Sreeram Kannan , Mohammad Ali Maddah-Ali , Fisher Yu