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Throughput limitations of existing blockchain architectures are well documented and are one of the most significant hurdles for their wide-spread adoption. In our previous proof-of-concept work, we have shown that separating computation…

分布式、并行与集群计算 · 计算机科学 2019-09-13 Alexander Hentschel , Dieter Shirley , Layne Lafrance , Maor Zamski

In May 2023, the Ethereum blockchain experienced its first inactivity leak, a mechanism designed to reinstate chain finalization amid persistent network disruptions. This mechanism aims to reduce the voting power of validators who are…

密码学与安全 · 计算机科学 2024-06-07 Ulysse Pavloff , Yackolley Amoussou-Genou , Sara Tucci-Piergiovanni

The Blockchain and the programs running on it, called Smart Contracts, are more and more applied in all fields requiring trust and strong certifications. In this work we compare public and permissioned blockchains for industrial…

密码学与安全 · 计算机科学 2020-05-07 Lodovica Marchesi , Michele Marchesi , Roberto Tonelli

Blockchain technology is essential for the digital economy and metaverse, supporting applications from decentralized finance to virtual assets. However, its potential is constrained by the "Blockchain Trilemma," which necessitates balancing…

综合经济学 · 经济学 2025-08-11 Yihang Fu , Mingwei Jing , Jiaolun Zhou , Peilin Wu , Ye Wang , Luyao Zhang , Chuang Hu

Most popular blockchain solutions, like Bitcoin, rely on proof-of-work, guaranteeing that the output of the consensus is agreed upon with high probability. However, this probability depends on the delivery of messages and that the…

分布式、并行与集群计算 · 计算机科学 2016-05-19 Christopher Natoli , Vincent Gramoli

Permissionless blockchains such as Bitcoin have long been criticized for their high computational and storage overhead. Unfortunately, while a number of proposals address the energy consumption of existing Proof-of-Work deployments, little…

密码学与安全 · 计算机科学 2022-07-01 Alessandro Sforzin , Matteo Maso , Claudio Soriente , Ghassan Karame

On September 15, 2022, the Ethereum network adopted a proof-of-stake (PoS) consensus mechanism. We study the impact on the network and competing platforms in a two month event window around the Beacon chain merge. We find that the…

交易与市场微观结构 · 定量金融 2023-03-01 Elie Kapengut , Bruce Mizrach

Blockchain enables peer-to-peer transactions in cyberspace without a trusted third party. The rapid growth of Ethereum and smart contract blockchains generally calls for well-designed Transaction Fee Mechanisms (TFMs) to allocate limited…

综合经济学 · 经济学 2023-05-05 Luyao Zhang , Fan Zhang

Scalability is a common issue among the most used permissionless blockchains, and several approaches have been proposed to solve this issue. Tackling scalability while preserving the security and decentralization of the network is a…

密码学与安全 · 计算机科学 2023-11-10 Mikel Cortes-Goicoechea , Tarun Mohandas-Daryanani , Jose L. Muñoz-Tapia , Leonardo Bautista-Gomez

Decentralized systems built around blockchain technology promise clients an immutable ledger. They add a transaction to the ledger after it undergoes consensus among the replicas that run a Proof-of-Stake (PoS) or Byzantine Fault-Tolerant…

密码学与安全 · 计算机科学 2025-08-08 Junchao Chen , Suyash Gupta , Alberto Sonnino , Lefteris Kokoris-Kogias , Mohammad Sadoghi

Bitcoin demonstrated the possibility of a financial ledger that operates without the need for a trusted central authority. However, concerns persist regarding its security and considerable energy consumption. We assess the consensus…

计算机科学与博弈论 · 计算机科学 2025-03-04 Jacob D. Leshno , Elaine Shi , Rafael Pass

Current blockchain protocols (e.g., Proof-of-Work and Proof-of-Stake) secure the ledger yet cannot measure validator trustworthiness, allowing subtle misconduct that is especially damaging in decentralized-finance (DeFi) settings. We…

分布式、并行与集群计算 · 计算机科学 2025-06-30 Ailiya Borjigin , Wei Zhou , Cong He

To implement a blockchain, we need a blockchain protocol for all the nodes to follow. To design a blockchain protocol, we need a block publisher selection mechanism and a chain selection rule. In Proof-of-Stake (PoS) based blockchain…

密码学与安全 · 计算机科学 2023-03-17 Shoeb Siddiqui , Varul Srivastava , Raj Maheshwari , Sujit Gujar

Blockchains offer strong security guarantees, but they cannot protect the ordering of transactions. Powerful players, such as miners, sequencers, and sophisticated bots, can reap significant profits by selectively including, excluding, or…

密码学与安全 · 计算机科学 2023-10-24 Sen Yang , Fan Zhang , Ken Huang , Xi Chen , Youwei Yang , Feng Zhu

Blockchain and distributed ledger technologies rely on distributed consensus algorithms. In recent years many consensus algorithms and protocols have been proposed; most of them are for permissioned blockchain networks. However, the…

分布式、并行与集群计算 · 计算机科学 2023-01-19 Shiv Sondhi , Sherif Saad , Kevin Shi , Mohammad Mamun , Issa Traore

Blockchain technology emerged with the advent of Bitcoin and rapidly developed over the past few decades, becoming widely accepted and known by the public. However, in the past decades, the massive adoption of blockchain technology has yet…

密码学与安全 · 计算机科学 2024-07-26 Jia Kan

Blockchain systems run consensus rules as code to agree on the state of the distributed ledger and secure the network. Changing these rules can be risky and challenging. In addition, it can often be controversial and take much effort to…

分布式、并行与集群计算 · 计算机科学 2024-02-15 Jakob Svennevik Notland , Mariusz Nowostawski , Jingyue Li

Trading on decentralized exchanges has been one of the primary use cases for permissionless blockchains with daily trading volume exceeding billions of U.S.~dollars. In the status quo, users broadcast transactions and miners are responsible…

计算机科学与博弈论 · 计算机科学 2023-10-31 Matheus V. X. Ferreira , David C. Parkes

In cryptocurrency-based permissionless blockchain networks, the decentralized structure enables any user to join and operate across different regions. The criminal entities exploit it by using cryptocurrency transactions on the blockchain…

密码学与安全 · 计算机科学 2025-08-19 Mayank Pandey , Rachit Agarwal , Sandeep Kumar Shukla , Nishchal Kumar Verma

Given the large adoption and economical impact of permissionless blockchains, the complexity of the underlying systems and the adversarial environment in which they operate, it is fundamental to properly study and understand the emergent…

分布式、并行与集群计算 · 计算机科学 2023-05-22 Paulo Silva , David Vavřička , João Barreto , Miguel Matos