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We present two attacks targeting the Proof-of-Stake (PoS) Ethereum consensus protocol. The first attack suggests a fundamental conceptual incompatibility between PoS and the Greedy Heaviest-Observed Sub-Tree (GHOST) fork choice paradigm…

密码学与安全 · 计算机科学 2022-03-03 Joachim Neu , Ertem Nusret Tas , David Tse

This paper presents a study of the Poof-of-Stake (PoW) Ethereum consensus protocol, following the recent switch from Proof-of-Work (PoS) to Proof-of-Stake within Merge upgrade. The new protocol has resulted in reduced energy consumption and…

计算机科学与博弈论 · 计算机科学 2023-05-24 Benjamin Kraner , Nicolò Vallarano , Claudio J. Tessone , Caspar Schwarz-Schilling

Consensus protocols inherently rely on the notion of leader election, in which one or a subset of participants are temporarily elected to authorize and announce the network's latest state. While leader election is a well studied problem,…

密码学与安全 · 计算机科学 2018-02-06 Sarah Azouvi , Patrick McCorry , Sarah Meiklejohn

Recently, many Delegated Proof-of-Stake (DPoS)-based blockchains have been widely used in decentralized applications, such as EOSIO, Tron, and Binance Smart Chain. Compared with traditional PoW-based blockchain systems, these systems…

网络与互联网体系结构 · 计算机科学 2022-01-19 Jieli Liu , Weilin Zheng , Dingyuan Lu , Jiajing Wu , Zibin Zheng

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

Trustless systems, such as those blockchain enpowered, provide trust in the system regardless of the trust of its participants, who may be honest or malicious. Proof-of-stake (PoS) protocols and DAG-based approaches have emerged as a better…

分布式、并行与集群计算 · 计算机科学 2019-07-09 Quan Nguyen , Andre Cronje , Michael Kong , Alex Kampa , George Samman

Proof-of-Stake (PoS) blockchain systems, especially those that allow stakeholders to organize themselves in ``stake-pools'', have emerged as a compelling paradigm for the deployment of large scale distributed ledgers. A stake-pool operates…

计算机科学与博弈论 · 计算机科学 2021-11-17 Aggelos Kiayias , Elias Koutsoupias , Aikaterini-Panagiota Stouka

Proof-of-Stake (PoS) is a prominent Sybil control mechanism for blockchain-based systems. In "e-PoS: Making PoS Decentralized and Fair," Saad et al. (TPDS'21) introduced a new Proof-of-Stake protocol, e-PoS, to enhance PoS applications'…

密码学与安全 · 计算机科学 2025-04-25 Suhyeon Lee , Seungjoo Kim

This paper presents an empirical analysis of Steemit, a key representative of the emerging incentivized social media platforms over Blockchains, to understand and evaluate the actual level of decentralization and the practical effects of…

社会与信息网络 · 计算机科学 2021-02-03 Chao Li , Balaji Palanisamy

Proof of Stake (PoS) is a burgeoning Sybil resistance mechanism that aims to have a digital asset ("token") serve as security collateral in crypto networks. However, PoS has so far eluded a comprehensive threat model that encompasses both…

综合金融 · 定量金融 2020-02-05 Tarun Chitra

This study explores the intricacies of waiting games, a novel dynamic that emerged with Ethereum's transition to a Proof-of-Stake (PoS)-based block proposer selection protocol. Within this PoS framework, validators acquire a distinct…

密码学与安全 · 计算机科学 2023-07-13 Burak Öz , Benjamin Kraner , Nicolò Vallarano , Bingle Stegmann Kruger , Florian Matthes , Claudio Juan Tessone

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

On several proof-of-stake blockchains, agents engaged in validating transactions can open a pool to which others can delegate their stake in order to earn higher returns. We develop a model of staking pool formation in the presence of…

计算机科学与博弈论 · 计算机科学 2022-10-05 Hans Gersbach , Akaki Mamageishvili , Manvir Schneider

Proof-of-stake (PoS) has emerged as a natural alternative to the resource-intensive Proof-of-Work (PoW) blockchain, as was recently seen with the Ethereum Merge. PoS-based blockchains require an initial stake distribution among the…

计算机科学与博弈论 · 计算机科学 2024-04-16 Varul Srivastava , Sankarshan Damle , Sujit Gujar

Smart contracts enable users to execute payments depending on complex program logic. Ethereum is the most notable example of a blockchain that supports smart contracts leveraged for countless applications including games, auctions and…

We study elections where voters are faced with the challenge of expressing preferences over an extreme number of issues under consideration. This is largely motivated by emerging blockchain governance systems, which include voters with…

计算机科学与博弈论 · 计算机科学 2024-05-15 Georgios Amanatidis , Aris Filos-Ratsikas , Philip Lazos , Evangelos Markakis , Georgios Papasotiropoulos

Popular Ethereum wallets (like MetaMask) entrust centralized infrastructure providers (e.g., Infura) to run the consensus client logic on their behalf. As a result, these wallets are light-weight and high-performant, but come with security…

密码学与安全 · 计算机科学 2023-10-26 Shresth Agrawal , Joachim Neu , Ertem Nusret Tas , Dionysis Zindros

While online services emerge in all areas of life, the voting procedure in many democracies remains paper-based as the security of current online voting technology is highly disputed. We address the issue of trustworthy online voting…

密码学与安全 · 计算机科学 2017-05-15 Robert Riemann , Stéphane Grumbach

Blockchain applications that rely on the Proof-of-Work (PoW) have increasingly become energy inefficient with a staggering carbon footprint. In contrast, energy-efficient alternative consensus protocols such as Proof-of-Stake (PoS) may…

密码学与安全 · 计算机科学 2021-01-05 Muhammad Saad , Zhan Qin , Kui Ren , DaeHun Nyang , David Mohaisen

The comparative analysis examined eleven Proof-of-Stake (PoS) consensus-based blockchain networks to assess their openness based on five indicative metrics. These metrics include those of decentralization-related aspects, such as the number…

密码学与安全 · 计算机科学 2023-05-23 Jiseong Noh , Donghwan Kwon , Soohwan Cho , Neo C. K. Yiu