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Financial speculators often seek to increase their potential gains with leverage. Debt is a popular form of leverage, and with over 39.88B USD of total value locked (TVL), the Decentralized Finance (DeFi) lending markets are thriving.…

综合金融 · 定量金融 2021-10-04 Kaihua Qin , Liyi Zhou , Pablo Gamito , Philipp Jovanovic , Arthur Gervais

Ethereum 2.0 is a major upgrade to improve its scalability, throughput, and security. In this version, RANDAO is the scheme to randomly select the users who propose, confirm blocks, and get rewards. However, a vulnerability, referred to as…

密码学与安全 · 计算机科学 2024-03-15 Do Hai Son , Tran Thi Thuy Quynh , Le Quang Minh

We propose a model suggesting that honest-but-rational consensus participants may play timing games, and strategically delay their block proposal to optimize MEV capture, while still ensuring the proposal's timely inclusion in the canonical…

计算机科学与博弈论 · 计算机科学 2023-05-17 Caspar Schwarz-Schilling , Fahad Saleh , Thomas Thiery , Jennifer Pan , Nihar Shah , Barnabé Monnot

Sharding is proposed to enhance blockchain scalability. However, a size-security dilemma where every shard must be large enough to ensure its security constrains the efficacy of individual shards and the degree of sharding itself. Most…

密码学与安全 · 计算机科学 2025-03-26 Jianting Zhang , Zhongtang Luo , Raghavendra Ramesh , Aniket Kate

Consensus algorithms facilitate agreement on and resolution of blockchain functions, such as smart contracts and transactions. Ethereum uses a Proof-of-Stake (PoS) consensus mechanism, which depends on financial incentives to ensure that…

计算机科学与博弈论 · 计算机科学 2023-08-02 Alpesh Bhudia , Anna Cartwright , Edward Cartwright , Darren Hurley-Smith , Julio Hernandez-Castro

Blokchain is used in a variety of applications where trustworthy computing is re-quired. Trade finance is one of these areas that would benefit immensely from a decentralized way of doing transactions. This paper presents the preliminary…

密码学与安全 · 计算机科学 2022-04-29 Asif Bhat , Rizal Mohd Nor , Md Amiruzzaman , Md. Rajibul Islam

Maximal Extractable Value (MEV) drives the prosperity of the blockchain ecosystem. By strategically including, excluding, or reordering transactions within blocks, block producers can extract additional value, which in turn incentivizes…

密码学与安全 · 计算机科学 2024-10-11 Tianyang Chi , Ningyu He , Xiaohui Hu , Haoyu Wang

We present SmartShards: a new sharding algorithm for improving Byzantine tolerance and churn resistance in blockchains. Our algorithm places a peer in multiple shards to create an overlap. This simplifies cross-shard communication and shard…

分布式、并行与集群计算 · 计算机科学 2025-03-17 Joseph Oglio , Mikhail Nesterenko , Gokarna Sharma

Adversarial smart contracts, mostly on EVM-compatible chains like Ethereum and BSC, are deployed as EVM bytecode to exploit vulnerable smart contracts for financial gain. Detecting such malicious contracts at the time of deployment is an…

密码学与安全 · 计算机科学 2025-11-17 Yating Liu , Xing Su , Hao Wu , Sijin Li , Yuxi Cheng , Fengyuan Xu , Sheng Zhong

As one of the most popular blockchain platforms supporting smart contracts, Ethereum has caught the interest of both investors and criminals. Differently from traditional financial scenarios, executing Know Your Customer verification on…

社会与信息网络 · 计算机科学 2023-01-03 Dan Lin , Jiajing Wu , Qishuang Fu , Zibin Zheng , Ting Chen

Propagation latency is inherent to any distributed network, including blockchains. Typically, blockchain protocols provide a timing buffer for block propagation across the network. In leader-based blockchains, the leader -- block proposer…

计算机科学与博弈论 · 计算机科学 2026-02-12 Rasheed M , Parth Desai , Sujit Gujar

In blockchains such as Bitcoin and Ethereum, transactions represent the primary mechanism that the external world can use to trigger a change of blockchain state. Transactions serve as key sources of evidence and play a vital role in…

密码学与安全 · 计算机科学 2024-05-15 Chao Li , Balaji Palanisamy

We present Blizzard, a Byzantine Fault Tolerant (BFT) distributed ledger protocol that is aimed at making mobile devices first-class citizens in the consensus process. Blizzard introduces a novel two-tier architecture by having the mobile…

分布式、并行与集群计算 · 计算机科学 2022-01-07 Mehrdad Kiamari , Bhaskar Krishnamachari , Muhammad Naveed , Seokgu Yun

Transactions represent a fundamental component in blockchains as they are the primary means for users to change the blockchain state. Current blockchain systems such as Bitcoin and Ethereum require users to constantly observe the state…

密码学与安全 · 计算机科学 2020-06-08 Chao Li , Balaji Palanisamy

Decentralized finance, i.e., DeFi, has become the most popular type of application on many public blockchains (e.g., Ethereum) in recent years. Compared to the traditional finance, DeFi allows customers to flexibly participate in diverse…

密码学与安全 · 计算机科学 2021-03-05 Bin Wang , Han Liu , Chao Liu , Zhiqiang Yang , Qian Ren , Huixuan Zheng , Hong Lei

As the number of decentralized applications and users on Ethereum grows, the ability of the blockchain to efficiently handle a growing number of transactions becomes increasingly strained. Ethereums current execution model relies heavily on…

分布式、并行与集群计算 · 计算机科学 2025-04-03 Souradeep Das , Konpat Preechakul , Jonas Bäumer , Riddhi Patel , Jefferson Jinchuan Li

We construct an empirically founded model of a repo trade intermediated by two broker-dealers and prove multiple equilibrium and the existence of equilibrium at the joint profit maximizing volume of trade. We then present a smart contract…

理论经济学 · 经济学 2026-04-21 Daniel Aronoff , Robert M. Townsend

This paper presents a novel adversary model specifically tailored to distributed systems, aiming to assess the security of blockchain networks. Building upon concepts such as adversarial assumptions, goals, and capabilities, our proposed…

密码学与安全 · 计算机科学 2024-04-04 Erwan Mahe , Rouwaida Abdallah , Sara Tucci-Piergiovanni , Pierre-Yves Piriou

Smart contract platforms facilitate the development of important and diverse distributed applications in a simple manner. This simplicity stems from the inherent utility of employing the state of smart contracts to store, query and verify…

分布式、并行与集群计算 · 计算机科学 2019-08-05 Christos Patsonakis , Mema Roussopoulos

The Binary Vector Clock is a simple, yet space-efficient algorithm for generating a partial order of transactions in account-based blockchain systems. The Binary Vector Clock solves the problem of order dependency in systems such as…

分布式、并行与集群计算 · 计算机科学 2020-04-17 Lum Ramabaja