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Proof-of-stake (PoS) is a promising approach for designing efficient blockchains, where block proposers are randomly chosen with probability proportional to their stake. A primary concern with PoS systems is the "rich getting richer"…

密码学与安全 · 计算机科学 2018-10-17 Giulia Fanti , Leonid Kogan , Sewoong Oh , Kathleen Ruan , Pramod Viswanath , Gerui Wang

Authorization is challenging in distributed systems that cannot rely on the identification of nodes. Proof-of-work offers an alternative gate-keeping mechanism, but its probabilistic nature is incompatible with conventional security…

密码学与安全 · 计算机科学 2022-09-20 Patrik Keller , Rainer Böhme

Proof-of-work (PoW) is an algorithmic tool used to secure networks by imposing a computational cost on participating devices. Unfortunately, traditional PoW schemes require that correct devices perform computational work perpetually, even…

分布式、并行与集群计算 · 计算机科学 2018-02-20 Diksha Gupta , Jared Saia , Maxwell Young

Proof-of-Work (PoW) blockchains have emerged as a robust and effective consensus mechanism in open environments, leading to widespread deployment with numerous cryptocurrency platforms and substantial investments. However, the commonly…

密码学与安全 · 计算机科学 2024-05-15 Andrea Merlina , Thiago Garrett , Roman Vitenberg

We introduce Auditable Proof-of-Work (APoW), a novel proof-of-work (PoW) construction inspired by Hashcash-style nonce searching, which enables the auditing of other miners' work through accountable re-scanning of the nonce space. The…

密码学与安全 · 计算机科学 2026-01-09 Sergio Demian Lerner

Proof-of-stake blockchain protocols have emerged as a compelling paradigm for organizing distributed ledger systems. In proof-of-stake (PoS), a subset of stakeholders participate in validating a growing ledger of transactions. For the…

计算机科学与博弈论 · 计算机科学 2024-07-12 Aggelos Kiayias , Elias Koutsoupias , Francisco Marmolejo-Cossio , Aikaterini-Panagiota Stouka

Blockchain protocols differ in fundamental ways, including the mechanics of selecting users to produce blocks (e.g., proof-of-work vs. proof-of-stake) and the method to establish consensus (e.g., longest chain rules vs. BFT-inspired…

分布式、并行与集群计算 · 计算机科学 2020-06-19 Andrew Lewis-Pye , Tim Roughgarden

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

Blockchain technology is widely used in various fields due to its ability to provide decentralization and trustless security. This is a fundamental understanding held by many advocates, but it is misunderstood, leading participants to fail…

密码学与安全 · 计算机科学 2026-02-02 Chunyi Zhang , Fengjiao Dou , Xiaoqi Li

We revisit the longstanding open problem of implementing Nakamoto's proof-of-work (PoW) consensus based on a real-world computational task $T(x)$ (as opposed to artificial random hashing), in a truly permissionless setting where the miner…

密码学与安全 · 计算机科学 2025-11-14 Ilan Komargodski , Omri Weinstein

An enormous amount of energy is wasted in Proofof-Work (PoW) mechanisms adopted by popular blockchain applications (e.g., PoW-based cryptocurrencies), because miners must conduct a large amount of computation. Owing to this, one serious…

密码学与安全 · 计算机科学 2020-01-14 Changhao Chenli , Boyang Li , Yiyu Shi , Taeho Jung

Blockchain relay schemes enable cross-chain state proofs without requiring trusted intermediaries. This is achieved by applying the source blockchain's consensus validation protocol on the target blockchain. Existing chain relays allow for…

密码学与安全 · 计算机科学 2022-08-24 Martin Westerkamp , Maximilian Diez

In this paper, we identify a new form of attack, called the Balance attack, against proof-of-work blockchain systems. The novelty of this attack consists of delaying network communications between multiple subgroups of nodes with balanced…

分布式、并行与集群计算 · 计算机科学 2017-01-02 Christopher Natoli , Vincent Gramoli

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

Bitcoin is the first of its kind, a truly decentralized and anonymous cryptocurrency. To realize it, it has developed blockchain technology using the concept of `Proof of Work' (PoW). The miners, nodes responsible for writing transaction…

密码学与安全 · 计算机科学 2022-10-14 Yash Chaurasia , Visvesh Subramanian , Sujit Gujar

The Metaverse is rapidly evolving, bringing us closer to its imminent reality. However, the widespread adoption of this new automated technology poses significant research challenges in terms of authenticity, integrity, interoperability,…

密码学与安全 · 计算机科学 2023-07-21 Khadija Manzoor , Umara Noor , Zahid Rashid

Due to their interesting features, blockchains have become popular in recent years. They are full-stack systems where security is a critical factor for their success. The main focus of this work is to systematize knowledge about security…

密码学与安全 · 计算机科学 2019-04-16 Ivan Homoliak , Sarad Venugopalan , Qingze Hum , Pawel Szalachowski

For Nakamoto's longest-chain consensus protocol, whose proof-of-work (PoW) and proof-of-stake (PoS) variants power major blockchains such as Bitcoin and Cardano, we revisit the classic problem of the security-performance tradeoff: Given a…

密码学与安全 · 计算机科学 2024-06-26 Lucianna Kiffer , Joachim Neu , Srivatsan Sridhar , Aviv Zohar , David Tse

Proof of Work (PoW) has extensively served as the foundation of blockchain's security, consistency, and tamper-resistance. However, long has it been criticized for its tremendous and inefficient utilization of computational power and…

分布式、并行与集群计算 · 计算机科学 2025-03-04 Weihang Cao , Xintong Ling , Jiaheng Wang , Xiqi Gao , Zhi Ding

This paper examines the economic and security implications of Proof-of-Stake (POS) designs, providing a survey of POS design choices and their underlying economic principles in prominent POS-blockchains. The paper argues that…

综合经济学 · 经济学 2024-05-24 Nicolas Oderbolz , Beatrix Marosvölgyi , Matthias Hafner