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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

This research gives a detailed analysis of the application of blockchain technology to the airline reservation systems in order to bolster trust, transparency, and operational efficiency by overcoming several challenges including customer…

软件工程 · 计算机科学 2024-10-21 Biman Barua , M. Shamim Kaiser

The developed system aims to incorporate a private blockchain technology in the procurement process for the supply office. The procurement process includes the canvassing, purchasing, delivery and inspection of items, inventory, and…

密码学与安全 · 计算机科学 2024-07-15 Alonel A. Hugo , Gerard Nathaniel C. Ngo

Distributed ledgers are common in the industry. Some of them can use blockchains as their underlying infrastructure. A blockchain requires participants to agree on its contents. This can be achieved via a consensus protocol, and several BFT…

性能 · 计算机科学 2024-11-13 J. D. Chan , Y. C. Tay , Brian R. Z. Yen

To address the large amount of energy wasted by blockchains, we propose a decentralized consensus protocol for blockchains in which the computation can be used to search for good approximate solutions to any optimization problem. Our…

分布式、并行与集群计算 · 计算机科学 2019-12-03 Naoki Shibata

Blockchain technologies are gaining massive momentum in the last few years. Blockchains are distributed ledgers that enable parties who do not fully trust each other to maintain a set of global states. The parties agree on the existence,…

数据库 · 计算机科学 2017-08-21 Tien Tuan Anh Dinh , Rui Liu , Meihui Zhang , Gang Chen , Beng Chin Ooi , Ji Wang

Payment channel networks (PCNs) have emerged as a scalability solution for blockchains built on the concept of a payment channel: a setting that allows two nodes to safely transact between themselves in high frequencies based on…

系统与控制 · 电气工程与系统科学 2021-04-01 Nikolaos Papadis , Leandros Tassiulas

Cryptocurrencies, implemented with blockchain protocols, promise to become a global payment system if they can overcome performance limitations. Rapidly advancing architectures improve on latency and throughput, but most require all…

分布式、并行与集群计算 · 计算机科学 2020-09-17 Alex Manuskin , Michael Mirkin , Ittay Eyal

Nowadays, sharding is deemed as a promising way to save traditional blockchain protocols from their low scalability. However, such technique also brings several potential risks and huge communication overheads. An improper design may give…

密码学与安全 · 计算机科学 2022-01-03 Mengqian Zhang , Jichen Li , Zhaohua Chen , Hongyin Chen , Xiaotie Deng

State government operations comprise a large number of transactions for different processes that must be carried out across the state. This comprises new projects, maintenance and repairs, public employee compensation, and agricultural…

密码学与安全 · 计算机科学 2022-12-06 Nibula Bente Rashid , Joyeeta Saha , Raonak Islam Prova , Nowshin Tasfia , Md. Nazrul Huda Shanto , Jannatun Noor

Sharding is a prominent technique for scaling blockchains. By dividing the network into smaller components known as shards, a sharded blockchain can process transactions in parallel without introducing inconsistencies through the…

密码学与安全 · 计算机科学 2023-09-12 Jianting Zhang , Wuhui Chen , Sifu Luo , Tiantian Gong , Zicong Hong , Aniket Kate

A blockchain replaces central counterparties with time-consuming consensus protocols to record the transfer of ownership. This settlement latency slows cross-exchange trading, exposing arbitrageurs to price risk. Off-chain settlement,…

交易与市场微观结构 · 定量金融 2023-10-20 Nikolaus Hautsch , Christoph Scheuch , Stefan Voigt

Low transaction throughput and poor scalability are significant issues in public blockchain consensus protocols such as Bitcoins. Recent research efforts in this direction have proposed shard-based consensus protocols where the key idea is…

计算机科学与博弈论 · 计算机科学 2018-09-26 Mohammad Hossein Manshaei , Murtuza Jadliwala , Anindya Maiti , Mahdi Fooladgar

We present TRAIL: an algorithm that uses a novel consensus procedure to tolerate failed or malicious shards within a blockchain-based cryptocurrency. Our algorithm takes a new approach of selecting validator shards for each transaction from…

分布式、并行与集群计算 · 计算机科学 2024-05-14 Mitch Jacovetty , Joseph Oglio , Mikhail Nesterenko , Gokarna Sharma

The main problem faced by smart contract platforms is the amount of time and computational power required to reach consensus. In a classical blockchain model, each operation is in fact performed by each node, both to update the status and…

密码学与安全 · 计算机科学 2021-11-11 Alessio Meneghetti , Tommaso Parise , Massimiliano Sala , Daniele Taufer

Blockchains provide environments where parties can interact transparently and securely peer-to-peer without needing a trusted third party. Parties can trust the integrity and correctness of transactions and the verifiable execution of…

密码学与安全 · 计算机科学 2023-03-02 Simon Tschirner , Shashank Shekher Tripathi , Mathias Roeper , Markus M. Becker , Volker Skwarek

In this paper, we consider the problem of cross-chain payment whereby customers of different escrows -- implemented by a bank or a blockchain smart contract -- successfully transfer digital assets without trusting each other. Prior to this…

分布式、并行与集群计算 · 计算机科学 2019-12-11 Rob van Glabbeek , Vincent Gramoli , Pierre Tholoniat

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

Blockchain performance has historically faced challenges posed by the throughput limitations of consensus algorithms. Recent breakthroughs in research have successfully alleviated these constraints by introducing a modular architecture that…

分布式、并行与集群计算 · 计算机科学 2026-05-19 Ray Neiheiser , Arman Babaei , Giannis Alexopoulos , Marios Kogias , Eleftherios Kokoris Kogias

Trust models are essential components of networks of any nature, as they refer to confidence frameworks to evaluate and verify if their participants act reliably and fairly. They are necessary to any social, organizational, or computer…

分布式、并行与集群计算 · 计算机科学 2025-02-11 Angelo Vera-Rivera , Ekram Hossain