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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

The blockchain constitutes a technology-based, rather than social or regulation based, means to lower uncertainty about one another in order to exchange value. However, its use may very well also lead to increased complexity resulting from…

计算机与社会 · 计算机科学 2018-01-09 Henry Kim , Marek Laskowski

Modern cryptocurrency systems, such as Ethereum, permit complex financial transactions through scripts called smart contracts. These smart contracts are executed many, many times, always without real concurrency. First, all smart contracts…

分布式、并行与集群计算 · 计算机科学 2017-02-16 Thomas Dickerson , Paul Gazzillo , Maurice Herlihy , Eric Koskinen

Blockchain solutions typically assume a synchronous network to ensure consistency and achieve consensus. In contrast, offline transaction systems aim to enable users to agree on and execute transactions without assuming bounded…

密码学与安全 · 计算机科学 2025-04-08 Nektarios Evangelou , Rowdy Chotkan , Bulat Nasrulin , Jérémie Decouchant

We argue that the current POW based consensus algorithm of the Bitcoin network suffers from a fundamental economic discrepancy between the real world transaction (txn) costs incurred by miners and the wealth that is being transacted. Put…

数值分析 · 数学 2024-04-24 Valdemar Melicher

The Ethereum blockchain network enables transaction processing and smart-contract execution through levies of transaction fees, commonly known as gas fees. This framework mediates economic participation via a market-based mechanism for gas…

综合金融 · 定量金融 2025-01-10 Lennart Ante , Aman Saggu

The cross-blockchain transaction remains one of the most challenging problems in blockchains. The root cause of the challenge lies in the nondeterministic nature of blockchains: A $n$-party transaction across multiple blockchains might be…

密码学与安全 · 计算机科学 2020-04-17 Dongfang Zhao

With the rapid evolution of technological, economic, and regulatory landscapes, contemporary blockchain platforms are all but certain to undergo major changes. Therefore, the applications that rely on them will eventually need to migrate…

分布式、并行与集群计算 · 计算机科学 2021-05-27 HMN Dilum Bandara , Xiwei Xu , Ingo Weber

Permissionless blockchain consensus protocols have been designed primarily for defining decentralized economies for the commercial trade of assets, both virtual and physical, using cryptocurrencies. In most instances, the assets being…

计算机科学与博弈论 · 计算机科学 2021-03-31 Aditya Ahuja , Vinay J. Ribeiro , Ranjan Pal

Blockchain has received much attention in recent years. This immense popularity has raised a number of concerns, scalability of blockchain systems being a common one. In this paper, we seek to understand how Ethereum, a well-established…

分布式、并行与集群计算 · 计算机科学 2018-05-10 Enrique Fynn , Fernando Pedone

Non-fungible tokens(NFTs) are on the rise. They can represent artworks exhibited for marketing purposes on webpages of companies or online stores -- analogously to physical artworks. Lending of NFTs is an attractive form of passive income…

计算机与社会 · 计算机科学 2023-08-07 Alfred Sopi , Johannes Schneider , Jan vom Brocke

We present a two-party protocol for quantum gambling, a new task closely related to coin tossing. The protocol allows two remote parties to play a gambling game, such that in a certain limit it becomes a fair game. No unconditionally secure…

量子物理 · 物理学 2009-01-23 Lior Goldenberg , Lev Vaidman , Stephen Wiesner

In collaborative data sharing and machine learning, multiple parties aggregate their data resources to train a machine learning model with better model performance. However, as the parties incur data collection costs, they are only willing…

Ethereum has emerged as a dynamic platform for exchanging cryptocurrency tokens. While token crowdsales cannot simultaneously guarantee buyers both certainty of valuation and certainty of participation, we show that if each token buyer…

理论经济学 · 经济学 2019-08-14 Jason Teutsch , Vitalik Buterin , Christopher Brown

Fairness is a desirable and crucial property of many protocols that handle, for instance, exchanges of message. It states that if at least one agent engaging in the protocol is honest, then either the protocol will unfold correctly and…

计算机科学与博弈论 · 计算机科学 2024-11-01 Léonard Brice , Jean-François Raskin , Mathieu Sassolas , Guillaume Scerri , Marie van den Bogaard

Users bid in a transaction fee mechanism (TFM) to get their transactions included and confirmed by a blockchain protocol. Roughgarden (EC'21) initiated the formal treatment of TFMs and proposed three requirements: user incentive…

计算机科学与博弈论 · 计算机科学 2025-09-16 Hao Chung , Tim Roughgarden , Elaine Shi

Rollups have become the de facto scalability solution for Ethereum, securing more than $55B in assets. They achieve scale by executing transactions on a Layer 2 ledger, while periodically posting data and finalizing state on the Layer 1,…

密码学与安全 · 计算机科学 2025-09-23 Stefanos Chaliasos , Conner Swann , Sina Pilehchiha , Nicolas Mohnblatt , Benjamin Livshits , Assimakis Kattis

We present FairTraDEX, a decentralized exchange (DEX) protocol based on frequent batch auctions (FBAs), which provides formal game-theoretic guarantees against extractable value. FBAs when run by a trusted third-party provide unique…

计算机科学与博弈论 · 计算机科学 2022-08-05 Conor McMenamin , Vanesa Daza , Matthias Fitzi , Padraic O'Donoghue

As a trusted middleware connecting the blockchain and the real world, the blockchain oracle can obtain trusted real-time price information for financial applications such as payment and settlement, and asset valuation on the blockchain.…

密码学与安全 · 计算机科学 2024-10-17 Youquan Xian , Xueying Zeng , Hao Wu , Danping Yang , Peng Wang , Peng Liu

Cloud computing has become an irreversible trend. Together comes the pressing need for verifiability, to assure the client the correctness of computation outsourced to the cloud. Existing verifiable computation techniques all have a high…

密码学与安全 · 计算机科学 2017-09-05 Changyu Dong , Yilei Wang , Amjad Aldweesh , Patrick McCorry , Aad van Moorsel
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