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Mining blocks in a blockchain using the \textit{Proof-of-Work} consensus protocol involves significant risk, as network participants face continuous operational costs while earning infrequent capital gains upon successfully mining a block.…

密码学与安全 · 计算机科学 2025-11-19 Pierre-Olivier Goffard , Hansjoerg Albrecher , Jean-Pierre Fouque

Bitcoin is the first successful decentralized global digital cash system. Its mining process requires intense computational resources, therefore its usefulness remains a disputable topic. We aim to solve three problems with Bitcoin and…

密码学与安全 · 计算机科学 2016-08-25 Alexander Chepurnoy , Mario Larangeira , Alexander Ojiganov

One of the most important features of blockchain protocols is decentralization, as their main contribution is that they formulate a distributed ledger that will be maintained and extended without the need of a trusted party. Bitcoin has…

密码学与安全 · 计算机科学 2023-07-25 Aikaterini-Panagiota Stouka , Thomas Zacharias

Proof-of-Work (PoW) systems face critical challenges, including excessive energy consumption and the centralization of mining power among entities with expensive hardware. Static mining pools exacerbate these issues by reducing competition…

密码学与安全 · 计算机科学 2025-04-25 Rizwanul Haque , SM Tareq Aziz , Tahrim Hossain , Faisal Haque Bappy , Muhammad Nur Yanhaona , Tariqul Islam

Bitcoin uses blockchain technology and proof-of-work (PoW) mechanism where nodes spend computing resources and earn rewards in return for spending these resources. This incentive system has caused power to be significantly biased towards a…

密码学与安全 · 计算机科学 2019-09-04 Yujin Kwon , Jian Liu , Minjeong Kim , Dawn Song , Yongdae Kim

An open distributed system can be secured by requiring participants to present proof of work and rewarding them for participation. The Bitcoin digital currency introduced this mechanism, which is adopted by almost all contemporary digital…

密码学与安全 · 计算机科学 2014-12-01 Ittay Eyal

In most popular public accessible cryptocurrency systems, the mining pool plays a key role because mining cryptocurrency with the mining pool turns the non-profitable situation into profitable for individual miners. In many recent novel…

分布式、并行与集群计算 · 计算机科学 2022-06-16 Boyang Li , Qing Lu , Weiwen Jiang , Taeho Jung , Yiyu Shi

Blockchain has become a popular emergent technology in many industries. It is suitable for a broad range of applications, from its base role as an immutable distributed ledger to the deployment of distributed applications. Many…

密码学与安全 · 计算机科学 2022-12-20 Inwon Kang , Aparna Gupta , Oshani Seneviratne

Proof of work cryptocurrencies began with the promise of a more egalitarian future with a decentralized monetary system with no powerful entities in charge. While this vision is far from realized, these cryptocurrencies are still touted to…

密码学与安全 · 计算机科学 2022-03-31 Sishan Long , Soumya Basu , Emin Gün Sirer

The lack of proper interoperability poses a significant challenge in leveraging use cases within the blockchain industry. Unlike typical solutions that rely on third parties such as oracles and witnesses, the interpool design operates as a…

计算金融 · 定量金融 2024-10-02 Henrique de Carvalho Videira

We propose in this paper BlockHouse, a decentralized/P2P storage system fully based on private blockchains. Each participant can rent his unused storage in order to host data of other members. This system uses a dual Smart Contract and…

密码学与安全 · 计算机科学 2020-01-22 Doriane Perard , Lucas Gicquel , Jérôme Lacan

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

Federated learning (FL) enables collaborative training of machine learning models without sharing training data. Traditional FL heavily relies on a trusted centralized server. Although decentralized FL eliminates the central dependence, it…

分布式、并行与集群计算 · 计算机科学 2024-01-25 Zhen Qin , Xueqiang Yan , Mengchu Zhou , Shuiguang Deng

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

Today's world is organized based on merit and value. A single global currency that's decentralized is needed for a global economy. Bitcoin is a partial solution to this need, however it suffers from scalability problems which prevent it…

分布式、并行与集群计算 · 计算机科学 2020-10-29 Iurii Shyshatsky , Vinod Manoharan , Taras Emelyanenko , Lucas Leger

Blockchains rely on a consensus among participants to achieve decentralization and security. However, reaching consensus in an online, digital world where identities are not tied to physical users is a challenging problem. Proof-of-work…

密码学与安全 · 计算机科学 2020-11-16 Hjalmar Turesson , Henry M. Kim , Marek Laskowski , Alexandra Roatis

One decade ago, Bitcoin was introduced, becoming the first cryptocurrency and establishing the concept of "blockchain" as a distributed ledger. As of today, there are many different implementations of cryptocurrencies working over a…

神经与进化计算 · 计算机科学 2019-07-26 Alejandro Baldominos , Yago Saez

Research in blockchain systems has mainly focused on improving security and bridging the performance gaps between blockchains and databases. Despite many promising results, we observe a worrying trend that the blockchain landscape is…

数据库 · 计算机科学 2019-10-23 Tien Tuan Anh Dinh , Anwitaman Datta , Beng Chin Ooi

Recent years have witnessed an increasing interest in the blockchain technology, and many blockchain-based applications have been developed to take advantage of its decentralization, transparency, fault tolerance, and strong security. In…

密码学与安全 · 计算机科学 2021-09-30 Yihao Guo , Zhiguo Wan , Xiuzhen Cheng

Various data-sharing platforms have emerged with the growing public demand for open data and legislation mandating certain data to remain open. Most of these platforms remain opaque, leading to many questions about data accuracy, provenance…

密码学与安全 · 计算机科学 2025-02-25 Linh T. Nguyen , Lam Duc Nguyen , Thong Hoang , Dilum Bandara , Qin Wang , Qinghua Lu , Xiwei Xu , Liming Zhu , Petar Popovski , Shiping Chen
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