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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

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

A hard-fork reconfiguration of the peer to peer Bitcoin network is described that substitutes tamper-evident logs and proof-of-stake consensus for proof-of-work consensus. The block creation rewards and transaction fees are reallocated to…

计算机与社会 · 计算机科学 2014-05-23 Stephen L. Reed

The security of blockchain systems based on Proof of Work relies on mining. However, mining suffers from unstable revenue, prompting many miners to form cooperative mining pools. Most existing mining pools operate in a centralized manner,…

密码学与安全 · 计算机科学 2025-01-28 Akira Sakurai , Kazuyuki Shudo

Proof-of-Work (PoW) is a popular consensus protocol used by Bitcoin since its inception. PoW has the well-known flaw of assigning all the reward to the single miner (or pool) that inserts the new block. This has the consequence of making…

分布式、并行与集群计算 · 计算机科学 2022-07-13 Danilo Bazzanella , Andrea Gangemi

Blockchain technology has become a trusted method for establishing secure and transparent transactions through a distributed, encrypted network. The operation of blockchain is governed by consensus algorithms, among which Proof of Stake…

密码学与安全 · 计算机科学 2024-06-03 Bruno Ramos-Cruz , Javier Andreu-Pérez , Francisco J. Quesada , Luis Martínez

In blockchain systems, especially cryptographic currencies such as Bitcoin, the double-spending and Byzantine-general-like problem are solved by reaching consensus protocols among all nodes. The state-of-the-art protocols include…

密码学与安全 · 计算机科学 2018-08-02 Jianwen Chen , Kai Duan , Rumin Zhang , Liaoyuan Zeng , Wenyi Wang

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

Although proof of work (PoW) consensus dominates the current blockchain-based systems mostly, it has always been criticized for the uneconomic brute-force calculation. As alternatives, energy-conservation and energy-recycling mechanisms…

密码学与安全 · 计算机科学 2022-11-03 Shengling Wang , Lina Shi , Hongwei Shi , Yifang Zhang , Qin Hu , Xiuzhen Cheng

The consensus protocol is the core of a blockchain system which guarantees its secure and stable operation. Proof of Activity (PoA) is a consensus protocol that tries to address some of the issues pertinent to the most widely used…

In the paper, we present designs for multiple blockchain consensus primitives and a novel blockchain system, all based on the use of trusted execution environments (TEEs), such as Intel SGX-enabled CPUs. First, we show how using TEEs for…

密码学与安全 · 计算机科学 2017-03-17 Mitar Milutinovic , Warren He , Howard Wu , Maxinder Kanwal

The consensus protocol is a critical component of distributed ledgers and blockchains. Achieving consensus over a decentralized network poses challenges to transaction finality and performance. Currently, the highest-performing consensus…

密码学与安全 · 计算机科学 2024-08-09 Pascal Berrang , Inês Cruz , Bruno França , Philipp von Styp-Rekowsky , Marvin Wissfeld

Proof-of-work (PoW) cryptocurrencies rely on a balance of security and fairness in order to maintain a sustainable ecosystem of miners and users. Users demand fast and consistent transaction confirmation, and in exchange drive the adoption…

密码学与安全 · 计算机科学 2023-06-22 Patrik Keller , Ben Glickenhaus , George Bissias , Gregory Griffith

A blockchain and smart contract enabled security mechanism for IoT applications has been reported recently for urban, financial, and network services. However, due to the power-intensive and a low-throughput consensus mechanism in existing…

分布式、并行与集群计算 · 计算机科学 2019-09-25 Ronghua Xu , Yu Chen , Erik Blasch , Genshe Chen

Bitcoin's Proof of Work (PoW) mechanism, while central to achieving decentralized consensus, has long been criticized for excessive energy use and hardware inefficiencies \cite{devries2018bitcoin, truby2018decarbonizing}. This paper…

密码学与安全 · 计算机科学 2025-08-19 Mohammad Ishzaz Asif Rafid , Morsalin Sakib

Proof of Stake (PoS) blockchains offer promising alternatives to traditional Proof of Work (PoW) systems, providing scalability and energy efficiency. However, blockchains operate in a decentralized manner and the network is composed of…

分布式、并行与集群计算 · 计算机科学 2025-04-25 Faisal Haque Bappy , Tariqul Islam , Kamrul Hasan , Md Sajidul Islam Sajid , Mir Mehedi Ahsan Pritom

The success of blockchain as the underlying technology for cryptocurrencies has opened up possibilities for its use in other application domains as well. The main advantages of blockchain for its potential use in other domains are its…

网络与互联网体系结构 · 计算机科学 2019-06-21 Mehrdad Salimitari , Mainak Chatterjee

This paper opts to mitigate the energy-inefficiency of the Blockchain Proof-of-Work (PoW) consensus algorithm by rationally repurposing the power spent during the mining process. The original PoW mining scheme is designed to consider one…

密码学与安全 · 计算机科学 2020-07-09 Noureddine Lasla , Lina Alsahan , Mohamed Abdallah , Mohamed Younis

Currently there exist many blockchains with weak trust guarantees, limiting applications and participation. Existing solutions to boost the trust using a stronger blockchain, e.g., via checkpointing, requires the weaker blockchain to give…

密码学与安全 · 计算机科学 2023-09-22 Peiyao Sheng , Xuechao Wang , Sreeram Kannan , Kartik Nayak , Pramod Viswanath

As cross-chain technologies make the interactions among different blockchains (hereinafter "chains") possible, multi-chains consensus is becoming more and more important in blockchain networks. However, more attention has been paid to the…

密码学与安全 · 计算机科学 2021-11-03 Wenbo Zhang , Tao Wang , Jingyu Feng