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Proof-of-Work (PoW) systems face critical challenges, including excessive energy consumption and the centralization of mining power among entities with expensive hardware. Static mining pools exacerbate these issues by reducing competition…

密码学与安全 · 计算机科学 2025-04-25 Rizwanul Haque , SM Tareq Aziz , Tahrim Hossain , Faisal Haque Bappy , Muhammad Nur Yanhaona , Tariqul Islam

The blockchain initially gained traction in 2008 as the technology underlying bitcoin, but now has been employed in a diverse range of applications and created a global market worth over $150B as of 2017. What distinguishes blockchains from…

密码学与安全 · 计算机科学 2017-11-15 Shehar Bano , Alberto Sonnino , Mustafa Al-Bassam , Sarah Azouvi , Patrick McCorry , Sarah Meiklejohn , George Danezis

Large proof of work (PoW) networks allow anyone to earn rewards by running computation-intensive hash puzzles for profit, yet they typically consume electricity comparable to that of medium-sized countries. Repurposing computing resources…

密码学与安全 · 计算机科学 2026-05-06 Peihao Li , Nadia Dahmani

Blockchains with smart contracts are distributed ledger systems that achieve block-state consistency among distributed nodes by only allowing deterministic operations of smart contracts. However, the power of smart contracts is enabled by…

密码学与安全 · 计算机科学 2023-03-08 Sangdon Park , Osbert Bastani , Taesoo Kim

Blockchain is a decentralized, distributed ledger technology that ensures transparency, security, and immutability through cryptographic techniques. However, advancements in quantum computing threaten the security of classical cryptographic…

密码学与安全 · 计算机科学 2026-01-14 Nicholas J. C. Papadopoulos

The interoperability across multiple blockchains would play a critical role in future blockchain-based data management paradigm. Existing techniques either work only for two blockchains or requires a centralized component to govern the…

数据库 · 计算机科学 2020-01-07 Xinying Wang , Olamide Timothy Tawose , Feng Yan , Dongfang Zhao

This master thesis deals with Blockchain Technology in mobile turn based peer to peer games. First, it investigates the capabilities of Blockchain Technology to be used for gaming applications. In this regard, among others,…

分布式、并行与集群计算 · 计算机科学 2023-04-18 Dominik Braun

The Algorand blockchain is a secure and decentralized public ledger based on pure proof of stake rather than proof of work. At its core it is a novel consensus protocol with exactly one block certified in each round: that is, the protocol…

密码学与安全 · 计算机科学 2020-08-26 Musab A. Alturki , Jing Chen , Victor Luchangco , Brandon Moore , Karl Palmskog , Lucas Peña , Grigore Roşu

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

There has been considerable advancement in the use of blockchain for trust management in large-scale dynamic systems. In such systems, blockchain is mainly used to store the trust score or trust-related information of interactions among the…

分布式、并行与集群计算 · 计算机科学 2022-06-14 Shantanu Pal , Ambrose Hill , Tahiry Rabehaja , Michael Hitchens

Applications of blockchain technologies got a lot of attention in recent years. They exceed beyond exchanging value and being a substitute for fiat money and traditional banking system. Nevertheless, being able to exchange value on a…

密码学与安全 · 计算机科学 2019-08-22 Michal Ostapowicz , Kamil Żbikowski

With the increasing adoption of decentralized information systems based on a variety of permissionless blockchain networks, the choice of consensus mechanism is at the core of many controversial discussions. Ethereum's recent transition…

密码学与安全 · 计算机科学 2024-02-01 Iván Abellán Álvarez , Vincent Gramlich , Johannes Sedlmeir

Conventional blockchains use consensus algorithms that totally order updates across all accounts, which is stronger than necessary to implement a replicated ledger. This makes updates slower and more expensive than necessary. More recent…

分布式、并行与集群计算 · 计算机科学 2023-05-29 Erick Lavoie

As an emerging service framework built by combining cryptography, P2P network, consensus mechanism and innovative contract technology, blockchain has been widely used in digital finance, data sharing, message traceability and electronic…

密码学与安全 · 计算机科学 2025-08-05 Wenwen Zhou , Dongyang Lyu , Xiaoqi Li

We develop a continuous-time control approach to optimal trading in a Proof-of-Stake (PoS) blockchain, formulated as a consumption-investment problem that aims to strike the optimal balance between a participant's (or agent's) utility from…

综合经济学 · 经济学 2023-06-13 Wenpin Tang , David D. Yao

The proof-of-work consensus protocol suffers from two main limitations: waste of energy and offering only probabilistic guarantees about the status of the blockchain. This paper introduces SklCoin, a new Byzantine consensus protocol and its…

密码学与安全 · 计算机科学 2020-08-18 Zakwan Jaroucheh , Baraq Ghaleb , William J Buchanan

Financial fraud cases are on the rise even with the current technological advancements. Due to the lack of inter-organization synergy and because of privacy concerns, authentic financial transaction data is rarely available. On the other…

Bitcoin is the most secure blockchain in the world, supported by the immense hash power of its Proof-of-Work miners, but consumes huge amount of energy. Proof-of-Stake chains are energy-efficient, have fast finality and accountability, but…

密码学与安全 · 计算机科学 2022-01-21 Ertem Nusret Tas , David Tse , Fisher Yu , Sreeram Kannan

This paper extends the blockchain sustainability framework of Budish (2018) to consider proof of stake (in addition to proof of work) consensus mechanisms and permissioned (where the number of nodes are fixed) networks. It is demonstrated…

密码学与安全 · 计算机科学 2020-12-23 Neil Gandal , Joshua S. Gans

Proof of Stake (PoS) is a burgeoning Sybil resistance mechanism that aims to have a digital asset ("token") serve as security collateral in crypto networks. However, PoS has so far eluded a comprehensive threat model that encompasses both…

综合金融 · 定量金融 2020-02-05 Tarun Chitra