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The rewards a blockchain miner earns vary with time. Most of the time is spent mining without receiving any rewards, and only occasionally the miner wins a block and earns a reward. Mining pools smoothen the stochastic flow of rewards, and…

密码学与安全 · 计算机科学 2023-09-06 Axel Cortes-Cubero , Juan P. Madrigal-Cianci , Kiran Karra , Zixuan Zhang

The idea of security sharing goes back to Nakamoto's introduction of merge mining, a technique that enables Bitcoin miners to reuse their hash power to bootstrap and secure other Proof-of-Work (PoW) blockchains. However, with the rise of…

Proof-of-Work (PoW) is the most widely adopted incentive model in current blockchain systems, which unfortunately is energy inefficient. Proof-of-Stake (PoS) is then proposed to tackle the energy issue. The rich-get-richer concern of PoS…

密码学与安全 · 计算机科学 2021-03-31 Yuming Huang , Jing Tang , Qianhao Cong , Andrew Lim , Jianliang Xu

The applicability of process mining techniques hinges on the availability of event logs capturing the execution of a business process. In some use cases, particularly those involving customer-facing processes, these event logs may contain…

密码学与安全 · 计算机科学 2021-08-31 Gamal Elkoumy , Alisa Pankova , Marlon Dumas

With the onset of the Information Era and the rapid growth of information technology, ample space for processing and extracting data has opened up. However, privacy concerns may stifle expansion throughout this area. The challenge of…

密码学与安全 · 计算机科学 2023-04-24 Dhinakaran D , Joe Prathap P. M , Selvaraj D , Arul Kumar D , Murugeshwari B

Although Bitcoin was intended to be a decentralized digital currency, in practice, mining power is quite concentrated. This fact is a persistent source of concern for the Bitcoin community. We provide an explanation using a simple model to…

密码学与安全 · 计算机科学 2018-11-22 Nick Arnosti , S. Matthew Weinberg

In a PoW-based blockchain network, mining pools (the solo miner could be regarded as a mining pool containing one miner) compete to successfully mine blocks to pursue rewards. Generally, the rewards include the fixed block subsidies and…

计算机科学与博弈论 · 计算机科学 2021-10-20 Jinmian Chen , Yukun Cheng , Zhiqi Xu , Yan Cao

Proof-of-work blockchains reward each miner for one completed block by an amount that is, in expectation, proportional to the number of hashes the miner contributed to the mining of the block. Is this proportional allocation rule optimal?…

计算机科学与博弈论 · 计算机科学 2019-09-25 Xi Chen , Christos Papadimitriou , Tim Roughgarden

The price-anticipating Kelly mechanism (PAKM) is one of the most extensively used strategies to allocate divisible resources for strategic users in communication networks and computing systems. The users are deemed as selfish and also…

社会与信息网络 · 计算机科学 2021-10-06 Yuedong Xu , Zhujun Xiao , Tianyu Ni , Jessie Hui Wang , Xin Wang , Eitan Altman

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 core premise of permissionless blockchains is their reliable and secure operation without the need to trust any individual agent. At the heart of blockchain consensus mechanisms is an explicit cost (whether work or stake) for…

密码学与安全 · 计算机科学 2023-08-15 Joshua S. Gans , Hanna Halaburda

Traditionally, blockchain systems involve sharing transaction information across all blockchain network participants. Clearly, this introduces barriers to the adoption of the technology by the enterprise world, where preserving the privacy…

密码学与安全 · 计算机科学 2020-10-19 Elli Androulaki , Angelo De Caro , Kaoutar Elkhiyaoui , Christian Gorenflo , Alessandro Sorniotti , Marko Vukolic

Cryptocurrency mining in the browser has the potential to provide a new pay-as-you-go monetisation mechanism for consuming digital media over the Web. However, browser mining has recently received strong criticism due to illegitimate use of…

密码学与安全 · 计算机科学 2019-01-07 Saulius Venskutonis , Feng Hao , Matthew Collison

The energy sustainability of blockchains, whose consensus protocol rests on the Proof-of-Work, nourishes a heated debate. The underlying issue lies in a highly energy-consuming process, defined as mining, required to validate crypto-asset…

Increasing awareness of privacy-preserving has led to a strong focus on anonymous systems protecting anonymity. By studying early schemes, we summarize some intractable problems of anonymous systems. Centralization setting is a universal…

密码学与安全 · 计算机科学 2020-09-25 Renpeng Zou , Xixiang Lv

Mining is a central operation of all proof-of-work (PoW) based cryptocurrencies. The vast majority of miners today participate in "mining pools" instead of "solo mining" in order to lower risk and achieve a more steady income. However, this…

计算工程、金融与科学 · 计算机科学 2022-12-15 Panagiotis Chatzigiannis , Foteini Baldimtsi , Igor Griva , Jiasun Li

We identify a subtle security issue that impacts the design of smart contracts, because agents may themselves deploy smart contracts (side contracts). Typically, equilibria of games are analyzed in vitro, under the assumption that players…

计算机科学与博弈论 · 计算机科学 2023-05-05 Daji Landis , Nikolaj I. Schwartzbach

Maximal extractable value (MEV) in which block proposers unethically gain profits by manipulating the order in which transactions are included within a block, is a key challenge facing blockchains such as Ethereum today. Left unchecked, MEV…

密码学与安全 · 计算机科学 2024-05-16 Yifan Mao , Mengya Zhang , Shaileshh Bojja Venkatakrishnan , Zhiqiang Lin

In this paper, we explore the partitioning attacks on the Bitcoin network, which is shown to exhibit spatial bias, and temporal and logical diversity. Through data-driven study we highlight: 1) the centralization of Bitcoin nodes across…

网络与互联网体系结构 · 计算机科学 2019-02-12 Muhammad Saad , Victor Cook , Lan Nguyen , My T. Thai , Aziz Mohaisen

Secure Multi-Party Computation (SMC) allows parties with similar background to compute results upon their private data, minimizing the threat of disclosure. The exponential increase in sensitive data that needs to be passed upon networked…

密码学与安全 · 计算机科学 2009-08-10 Dr. Durgesh Kumar Mishra , Neha Koria , Nikhil Kapoor , Ravish Bahety