Cryptographic primitives in blockchains

Abstract

Blockchain, as one of the crypto-intensive creatures, has become a very hot topic recently. Although many surveys have recently been dedicated to the security and privacy issues of blockchains, there still lacks a systematic examination on the cryptographic primitives in blockchains. To this end, we in this paper conduct a systematic study on the cryptographic primitives in blockchains by comprehensive analysis on top-30 mainstream cryptocurrencies, in terms of the usages, functionalities, and evolutions of these primitives. We hope that it would be helpful for cryptographers who are going to devote themselves to the blockchain research, and the financial engineers/managers who want to evaluate cryptographic solutions for blockchain-based projects.