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Blockchains such as Bitcoin and Ethereum execute payment transactions securely, but their performance is limited by the need for global consensus. Payment networks overcome this limitation through off-chain transactions. Instead of writing…

密码学与安全 · 计算机科学 2019-10-29 Joshua Lind , Oded Naor , Ittay Eyal , Florian Kelbert , Peter Pietzuch , Emin Gun Sirer

Bitcoin mining is a wasteful and resource-intensive process. To add a block of transactions to the blockchain, miners spend a considerable amount of energy. The Bitcoin protocol, named 'proof of work' (PoW), resembles a lottery and the…

分布式、并行与集群计算 · 计算机科学 2020-01-28 Andrei Lihu , Jincheng Du , Igor Barjaktarevic , Patrick Gerzanics , Mark Harvilla

Most concurrent blockchain systems rely heavily on the Proof-of-Work (PoW) or Proof-of-Stake (PoS) mechanisms for decentralized consensus and security assurance. However, the substantial energy expenditure stemming from computationally…

密码学与安全 · 计算机科学 2026-05-05 Zishuo Zhao , Zhixuan Fang , Xuechao Wang , Xi Chen , Hongxu Su , Haibo Xiao , Yuan Zhou

Blockchains use peer-to-peer networks for disseminating information among peers, but these networks currently do not have any provable guarantees for desirable properties such as Byzantine fault tolerance, good connectivity and small…

分布式、并行与集群计算 · 计算机科学 2022-02-01 Vijeth Aradhya , Seth Gilbert , Aquinas Hobor

There appears to be an insatiable desire for spawning new bespoke blockchains to harness the functionality provided by blockchain technologies, resulting in a constant stream of blockchain start-up companies entering the market with their…

密码学与安全 · 计算机科学 2019-03-25 Sandra Johnson , Peter Robinson , John Brainard

Many blockchain systems today, including Bitcoin, rely on Proof of Work (PoW). Proof of work is crucial to the liveness and security of cryptocurrencies. The assumption when using PoW is that a lot of trial and error is required on average…

密码学与安全 · 计算机科学 2021-11-09 Maya Dotan , Saar Tochner

Proof-of-Work (PoW) is a popular blockchain consensus algorithm that is used in cryptocurrencies like Bitcoin in which hashing operations are repeated until the resulting hash has certain properties. This approach uses lots of computational…

密码学与安全 · 计算机科学 2022-09-09 Felix Hoffmann

Lightning Network (LN) is designed to amend the scalability and privacy issues of Bitcoin. It's a payment channel network where Bitcoin transactions are issued off chain, onion routed through a private payment path with the aim to settle…

密码学与安全 · 计算机科学 2020-07-14 Ferenc Beres , Istvan Andras Seres , Andras A. Benczur

The emergence of more and more blockchain solutions with innovative approaches to optimising performance, scalability, privacy and governance complicates performance analysis. Reasons for the difficulty of benchmarking blockchains include,…

分布式、并行与集群计算 · 计算机科学 2023-11-28 Frank Christian Geyer , Hans-Arno Jacobsen , Ruben Mayer , Peter Mandl

Contemporary blockchain such as Bitcoin and Ethereum execute transactions serially by miners and validators and determine the Proof-of-Work (PoW). Such serial execution is unable to exploit modern multi-core resources efficiently, hence…

分布式、并行与集群计算 · 计算机科学 2022-01-24 Shrey Baheti , Parwat Singh Anjana , Sathya Peri , Yogesh Simmhan

Blockchain has become particularly popular due to its promise to support business-critical services in very different domains (e.g., retail, supply chains, healthcare). Blockchain systems rely on complex middleware, like Ethereum or…

Blockchain applications that rely on the Proof-of-Work (PoW) have increasingly become energy inefficient with a staggering carbon footprint. In contrast, energy-efficient alternative consensus protocols such as Proof-of-Stake (PoS) may…

密码学与安全 · 计算机科学 2021-01-05 Muhammad Saad , Zhan Qin , Kui Ren , DaeHun Nyang , David Mohaisen

Bitcoin has emerged as a revolutionary payment system with its decentralized ledger concept; however it has significant problems such as high transaction fees and low throughput. Lightning Network (LN), which was introduced much later,…

密码学与安全 · 计算机科学 2023-07-21 Ahmet Kurt , Kemal Akkaya , Sabri Yilmaz , Suat Mercan , Omer Shlomovits , Enes Erdin

Recent years have witnessed an increasing interest in the blockchain technology, and many blockchain-based applications have been developed to take advantage of its decentralization, transparency, fault tolerance, and strong security. In…

密码学与安全 · 计算机科学 2021-09-30 Yihao Guo , Zhiguo Wan , Xiuzhen Cheng

Known as a distributed ledger technology (DLT), blockchain has attracted much attention due to its properties such as decentralization, security, immutability and transparency, and its potential of servicing as an infrastructure for various…

密码学与安全 · 计算机科学 2022-03-18 Minghui Xu , Feng Zhao , Yifei Zou , Chunchi Liu , Xiuzhen Cheng , Falko Dressler

Recently, blockchain has gained momentum as a novel technology that gives rise to a plethora of new decentralized applications (e.g., Internet of Things (IoT)). However, its integration with the IoT is still facing several problems (e.g.,…

密码学与安全 · 计算机科学 2022-01-28 Hajar Moudoud , Soumaya Cherkaoui , Lyes Khoukhi

The blockchain data structure maintained via the longest-chain rule---popularized by Bitcoin---is a powerful algorithmic tool for consensus algorithms. Such algorithms achieve consistency for blocks in the chain as a function of their depth…

密码学与安全 · 计算机科学 2019-11-25 Erica Blum , Aggelos Kiayias , Cristopher Moore , Saad Quader , Alexander Russell

Blockchain systems based on a reusable resource, such as proof-of-stake (PoS), provide weaker security guarantees than those based on proof-of-work. Specifically, they are vulnerable to long-range attacks, where an adversary can corrupt…

密码学与安全 · 计算机科学 2022-10-14 Sarah Azouvi , Marko Vukolić

Proof of Work (PoW) is widely regarded as the most secure permissionless blockchain consensus protocol. However, its reliance on computationally intensive yet externally useless puzzles results in excessive electric energy wasting. To…

密码学与安全 · 计算机科学 2025-10-14 Samuel Oleksak , Richard Gazdik , Martin Peresini , Ivan Homoliak

The ever-increasing size of open-source Large Language Models (LLMs) renders local deployment impractical for individual users. Decentralized computing has emerged as a cost-effective solution, allowing individuals and small companies to…

机器学习 · 计算机科学 2026-02-03 Yifan Sun , Yuhang Li , Yue Zhang , Yuchen Jin , Huan Zhang
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