Blockchain Papers

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7,419 papersLast indexed Aug 27, 2026
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Nov 22, 2022¡Symmetry
15 cites
A Secure Interoperability Management Scheme for Cross-Blockchain Transactions

Kuo‐Hui Yeh, Guan-Yan Yang, Chanapha Butpheng, Lin-Fa Lee · 5 authors

Blockchain technology has recently attracted tremendous interest due to its potential to revolutionize the industry by achieving decentralization while increasing the number of data sources, transparency, reliability, auditability, and trustworthiness. However, one of the major barriers to the widespread adoption of blockchain applications is the lack of mutual consensus and management across blockchains. Cross-blockchain consensus refers to one blockchain network reaching a consensus with another blockchain network to provide the ability to interact and share data. In this paper, we propose a secure management scheme with symmetric cross-blockchain communication and certificateless signature primitives, in which two heterogeneous blockchains are linked by a relay chain to simultaneously deliver cross-blockchain transaction security, achieve compatibility among various blockchains, and ensure the consistency of data exchanged, in practice. Additionally, our evaluation and security analysis shows the practicability and security of our proposed management scheme and demonstrates that a common test platform based on Ethereum can achieve acceptable computation costs.

Open access
Blockchain Technology Applications and Security
Advanced Steganography and Watermarking Techniques
Cloud Data Security Solutions
Original source
Nov 22, 2022¡International Research Journal of Modernization in Engineering Technology and Science
0 cites
SURVEY ON NFT MINT, BUY AND SELL WEB APPLICATION

Authors unavailable

Non-fungible tokens (NFTs) are rights that can be transferred to digital objects like photos, movies, or music. Since early 2021, the phenomena and its markets have experienced tremendous growth. Since a few years ago, the number of NFT marketplaces has been steadily increasing. Most of them use centralised systems for digital asset storage (files). This goes against the idea of decentralised systems. In this project, we suggest a safe exchange for trading non-fungible tokens, which represent digital assets. It will give users the ability to produce new digital assets and exchange them for Ethereum-based coinage. In addition, we want to investigate the technical viability of a decentralised file system that uses the IPFS protocol to store digital assets more securely. This is how we try to solve the file storage problem. Additionally, this project aims to promote the usage of blockchain technology.

Open access
Blockchain Technology Applications and Security
Original source
Nov 22, 2022¡Sensors
13 cites
SimBlock Simulator Enhancement with Difficulty Level Algorithm Based on Proof-of-Work Consensus for Lightweight Blockchain

Viddi Mardiansyah, Riri Fitri Sari

Proof-of-Work (PoW) was the first blockchain consensus protocol discovered, followed by Proof-of-Stake and others. The disadvantage of the PoW is that it requires high energy consumption compared to other consensus protocols. Based on this weakness, some researchers proposed a lightweight blockchain technology, a modified blockchain that has a simplified algorithm but does not reduce the security factor. This lightweight blockchain is suitable for applications requiring data reliability but with limited computing resources, such as Internet of Things devices. This paper discussed and modified the SimBlock simulator as one of the existing blockchain simulators. It has a visualization tool to look further into the propagation transition of the block. Unfortunately, the existing PoW consensus on the SimBlock simulator is unable to pinpoint the actual hash computation method. Therefore, the hashing process in the SimBlock simulator was modified by including the difficulty level for finding the hash target. The purpose of including the difficulty level was to determine how long it takes to create a block. By knowing the time needed, a recommendation could be obtained for the most suitable difficulty level for a lightweight blockchain and its implementation with IoT devices. There are two options of approaches to the difficulty level referred to in this paper; finding the number of zeros that appear sequentially and are in front of a hash value (leading zero) and finding the number of zeros that appear arbitrarily (count zero). For example, the first difficulty level on a leading-zero quest has the same meaning as searching for a leading zero, the second level of difficulty is the search for the two leading zeros, etc. The block generation time on a blockchain network using the PoW consensus highly depends on the difficulty level. Block generation time and resource utility have been analyzed and compared with other blockchain simulators and existing networks, such as Ethereum and Bitcoin. The modified SimBlock simulator was tested in this experiment using 100-600 nodes, with the expected result of creating 100-1000 blocks. Based on the experiments, creating a block using leading zeros as the hash target for the first to fourth difficulty levels took less than 1 s, whereas when using count zeros (zero-count) as the target hash, it took less than 1 s for the first to fifteenth difficulty levels. Using leading zeros took approximately 237.4 s at difficulty level 7, while count-zero took approximately 633.8 s at difficulty level 19. The experiment was not continued at the next difficulty level because it required a longer compilation time. With the modifications made, the creation of a block on a blockchain network using the PoW consensus can be clearly seen. The difficulty level added to the simulator can also provide information for determining the difficulty level to be implemented on the lightweight blockchain.

Open access
Blockchain Technology Applications and Security
IoT and Edge/Fog Computing
EEG and Brain-Computer Interfaces
Original source
Nov 21, 2022¡Zenodo (CERN European Organization for Nuclear Research)
0 cites
Supports net and cellular buying and selling:Ethereum Trader?

Ethereum Trader

Many have requested us whether or not they are able to use Ethereum Trader on their smartphones. Our research confirms that this platform is well matched with all smartphones.The Ethereum Trader app is hybrid and consequently doesn’t have OS requirements. Hybrid apps are a model of the net-dealer encased in a local app shell. This robotic is but to introduce a local app. Some evaluations declare it’s withinside the very last ranges of launching a local app.\n\nhttps://www.theethereumtrader.com

Open access
Hermeneutics and Narrative Identity
Aging, Elder Care, and Social Issues
Health, Medicine and Society
Original source
Nov 21, 2022¡arXiv (Cornell University)
4 cites
Wood traceability system using blockchain and zero-knowledge proof

Kyohei Shibano, Tohru Nakajima, Gento Mogi

The system proposed in this study uses zero-knowledge proof (ZKP) to verify the traceability of wood recorded in a public blockchain. Wood is a byproduct of several states, ranging from standing trees to logs, lumber, and wood products (hereinafter ``wood objects''). The advantage of using the blockchain for record keeping is that participants can freely record the information at their discretion, without any restrictions. However, the openness of the blockchain may allow a malicious third party to introduce disinformation. In this study, we employ ZKP and near-field communication (NFC) chips to eliminate the possibility of disinformation introduction. ZKP is used to prove/validate changes in the state of wood objects, and the unique nonce associated with that state is encrypted and recorded on an NFC chip. The nonce is concealed and id of the wood object is defined as hash value of this nonce. We developed a prototype system based on an Android application and an Ethereum smart contract. We confirm that wood traceability and verification can be performed using the prototype system.

Open access
2 source records
Digital Rights Management and Security
Advanced Steganography and Watermarking Techniques
cs.CR
Original source
Nov 20, 2022¡arXiv (Cornell University)
0 cites
A Blockchain Protocol for Human-in-the-Loop AI

Nassim Dehouche, Richard Blythman

Intelligent human inputs are required both in the training and operation of AI systems, and within the governance of blockchain systems and decentralized autonomous organizations (DAOs). This paper presents a formal definition of Human Intelligence Primitives (HIPs), and describes the design and implementation of an Ethereum protocol for their on-chain collection, modeling, and integration in machine learning workflows.

Open access
2 source records
Blockchain Technology Applications and Security
Ethics and Social Impacts of AI
Explainable Artificial Intelligence (XAI)
Original source
Nov 19, 2022¡arXiv
0 cites
Contract-Backed Digital Cash

Søren Debois, Fritz Henglein, Morten C. Nielsen, Christian Olesen ¡ 5 authors

We characterize digital cash as the digital equivalent of physical cash: secure, fungible, decentralized, directly controlled, privacy-preserving; but enhanced with qualitatively new functionality. It is extremely efficiently transferable and, most importantly, transactional or, more generally, contract-backed. This facilitates fully automated, guaranteed transactional execution of atomic resource exchanges and more complex contracts, without a multitude of intermediaries and expensive or slow semi-manual processes. A didactic objective is separating money characteristics from technology aspects such as specific blockchain and distributed ledger systems to help disentangle discussions of digital money design from implementation techniques. We finally discuss the power and role of programmable (contract-backed) digital money in case studies: tokenization of invoice debt using smart contracts on Ethereum, with stablecoins serving as digital money; smart contracts for disbursing payments transparently and reliably in accordance with social legislation; and a Danish e-krone for crowdfunding public and private community projets. These contributions are made in independent chapters by participants of the Working Group on Digital Cash at Copenhagen FinTech in 2018 and 2019, which have not been published before. Collectively, the contributions illustrate the design space and potential of digital money when powered by smart digital contracts that effectively eliminate both counterparty risk (somebody does not pay or does not deliver) and settlement risk (a trade fails and needs to be aborted) orders of magnitude faster than in current financial practice.

Open access
cs.CR
Original source
Nov 19, 2022¡Sensors
20 cites
Blockchain-Based Secure Authentication with Improved Performance for Fog Computing

Otuekong Umoren, Raman Singh, Shahid Mahmood Awan, Zeeshan Pervez ¡ 5 authors

Advancement in the Internet of Things (IoT) and cloud computing has escalated the number of connected edge devices in a smart city environment. Having billions more devices has contributed to security concerns, and an attack-proof authentication mechanism is the need of the hour to sustain the IoT environment. Securing all devices could be a huge task and require lots of computational power, and can be a bottleneck for devices with fewer computational resources. To improve the authentication mechanism, many researchers have proposed decentralized applications such as blockchain technology for securing fog and IoT environments. Ethereum is considered a popular blockchain platform and is used by researchers to implement the authentication mechanism due to its programable smart contract. In this research, we proposed a secure authentication mechanism with improved performance. Neo blockchain is a platform that has properties that can provide improved security and faster execution. The research utilizes the intrinsic properties of Neo blockchain to develop a secure authentication mechanism. The proposed authentication mechanism is compared with the existing algorithms and shows that the proposed mechanism is 20 to 90 per cent faster in execution time and has over 30 to 70 per cent decrease in registration and authentication when compared to existing methods.

Open access
Blockchain Technology Applications and Security
IoT and Edge/Fog Computing
User Authentication and Security Systems
Original source
Nov 19, 2022¡arXiv (Cornell University)
2 cites
A privacy-preserving data storage and service framework based on deep learning and blockchain for construction workers' wearable IoT sensors

Xiaoshan Zhou, Pin‐Chao Liao

Classifying brain signals collected by wearable Internet of Things (IoT) sensors, especially brain-computer interfaces (BCIs), is one of the fastest-growing areas of research. However, research has mostly ignored the secure storage and privacy protection issues of collected personal neurophysiological data. Therefore, in this article, we try to bridge this gap and propose a secure privacy-preserving protocol for implementing BCI applications. We first transformed brain signals into images and used generative adversarial network to generate synthetic signals to protect data privacy. Subsequently, we applied the paradigm of transfer learning for signal classification. The proposed method was evaluated by a case study and results indicate that real electroencephalogram data augmented with artificially generated samples provide superior classification performance. In addition, we proposed a blockchain-based scheme and developed a prototype on Ethereum, which aims to make storing, querying and sharing personal neurophysiological data and analysis reports secure and privacy-aware. The rights of three main transaction bodies - construction workers, BCI service providers and project managers - are described and the advantages of the proposed system are discussed. We believe this paper provides a well-rounded solution to safeguard private data against cyber-attacks, level the playing field for BCI application developers, and to the end improve professional well-being in the industry.

Open access
2 source records
cs.CR
cs.LG
eess.SP
Original source
Nov 18, 2022¡Distributed Ledger Technologies Research and Practice
5 cites
Resilience of Hybrid Casper Under Varying Values of Parameters

Letterio Galletta, Cosimo Laneve, Ivan Mercanti, Adele Veschetti

Hybrid Casper is the new Ethereum blockchain protocol that uses both Proof of Work and Proof of Stake to reach a consensus between nodes. Here, we analyze the protocol using PRISM+ , an extension of the probabilistic model checker PRISM with primitives for expressing blockchain data types. First, we extend PRISM+ to include data types and operations for modeling and analyzing Proof of Stake based consensus protocols. Then, we model Hybrid Casper in PRISM+ as a parallel composition of stochastic processes, thus precisely describing the behavior of the protocol and highlighting its corner cases. PRISM+ is therefore used to rapidly and automatically analyze the resilience of Hybrid Casper when tuning, up or down, several basic parameters of the protocol, such as the rates of creating blocks, and the strategies for determining penalties. Finally, we study the robustness of Hybrid Casper to two well-known attacks: the Eclipse attack and the majority attack.

Open access
Blockchain Technology Applications and Security
Distributed systems and fault tolerance
Security and Verification in Computing
Original source
Nov 17, 2022¡Sensors
5 cites
Geohash-Based Rapid Query Method of Regional Transactions in Blockchain for Internet of Vehicles

Chang Zhou, Huimei Lu, Yong Xiang, Jingbang Wu ¡ 5 authors

Many researchers have introduced blockchain into the Internet of Vehicles (IoV) to support trading or other authentication applications between vehicles. However, the traditional blockchain cannot well support the query of transactions that occur in a specified area which is important for vehicle users since they are bound to the geolocations. Therefore, the querying efficiency of the geolocation attribute of transactions is vital for blockchain-based applications. Existing work does not well handle the geolocation of vehicles in the blockchain, and thus the querying efficiency is questionable. In this paper, we design a rapid query method of regional transactions in blockchain for IoV, including data structures and query algorithms. The main idea is to utilize the Geohash code to represent the area and serve as the key for transaction indexing and querying, and the geolocation is marked as one of the attributes of transactions in the blockchain. To further verify and evaluate the proposed design, on the basis of the implementation of Ethereum, which is a well-known blockchain, the results show that the proposed design achieves significantly better-querying speed than Ethereum.

Open access
Blockchain Technology Applications and Security
Vehicular Ad Hoc Networks (VANETs)
IoT and Edge/Fog Computing
Original source
Nov 17, 2022¡arXiv (Cornell University)
1 cites
Social Networks are Divulging Your Identity behind Crypto Addresses

Shuo Chen, Shaikh Muhammad Uzair Norman

Cryptocurrencies, such as Bitcoin and Ethereum, are becoming increasingly prevalent mainly due to their anonymity, decentralization, transparency, and security. However, the completely public ledger makes the trace and analysis of each account possible as long as the identity behind the public address is revealed. Theoretically, social networks could make that happen when addresses are posted on social network platforms using accounts containing personal information. To verify such a possibility, we have collected public data from two major platforms, i.e. Twitter and Reddit, aiming to find potential privacy leakage behind the ETH public address. In the end, an easy-to-use retrieval application is also built for a better illustration.

Open access
2 source records
cs.CR
Internet Traffic Analysis and Secure E-voting
Spam and Phishing Detection
Original source
Nov 17, 2022¡arXiv (Cornell University)
1 cites
ACon$^2$: Adaptive Conformal Consensus for Provable Blockchain Oracles

Sangdon Park, Osbert Bastani, Taesoo Kim

Blockchains with smart contracts are distributed ledger systems that achieve block-state consistency among distributed nodes by only allowing deterministic operations of smart contracts. However, the power of smart contracts is enabled by interacting with stochastic off-chain data, which in turn opens the possibility to undermine the block-state consistency. To address this issue, an oracle smart contract is used to provide a single consistent source of external data; but, simultaneously, this introduces a single point of failure, which is called the oracle problem. To address the oracle problem, we propose an adaptive conformal consensus (ACon$^2$) algorithm that derives a consensus set of data from multiple oracle contracts via the recent advance in online uncertainty quantification learning. Interesting, the consensus set provides a desired correctness guarantee under distribution shift and Byzantine adversaries. We demonstrate the efficacy of the proposed algorithm on two price datasets and an Ethereum case study. In particular, the Solidity implementation of the proposed algorithm shows the potential practicality of the proposed algorithm, implying that online machine learning algorithms are applicable to address security issues in blockchains.

Open access
2 source records
cs.CR
cs.AI
cs.LG
Original source
Nov 17, 2022¡Journal of Industrial Information Integration
10 cites
Efficient computation offloading for ethereum DApps

Seongjoon Park, Jaeseung Lee, Hwangnam Kim

This paper covers a novel solution to reduce the gas consumed by Decentralized Applications (DApps) running on Ethereum Virtual Machine (EVM). Smart contracts extend the capabilities of the Blockchain, but the strict gas policy of the EVM limits the implementation of various DApps. On the other hand, Oracle provides a means to use an external execution environment for smart contracts, but its functional limitations and additional costs limit the growth of the DApp market to DApp users. To address the gas consumption crisis of DApps, we designed an event-based resource offloading solution that allows DApp developers to run their own compute servers. By adopting our solution, DApp users only pay the constant and minimized amount of gas fee, while the external server pays highly reduced amount of gas fee instead. We describe the solution in detail with a sample DApp model and mathematically demonstrate the effectiveness of the solution compared to an Oracle-based implementation. Furthermore, we conducted empirical experiment of actual DApp using EVM and verified the reduction of the gas consumption.

Open access
Blockchain Technology Applications and Security
IoT and Edge/Fog Computing
Cloud Computing and Resource Management
Original source
Nov 16, 2022¡6th Workshop on Trusted Smart Contracts, 2022
0 cites
Distributed and Adversarial Resistant Workflow Execution on the Algorand Blockchain

Yibin Xu, Tijs Slaats, Boris Dßdder, Søren Debois ¡ 5 authors

We provide a practical translation from the Dynamic Condition Response (DCR) process modelling language to the Transaction Execution Approval Language (TEAL) used by the Algorand blockchain. Compared to earlier implementations of business process notations on blockchains, particularly Ethereum, the present implementation is four orders of magnitude cheaper. This translation has the following immediate ramifications: (1) It allows decentralised execution of DCR-specified business processes in the absence of expensive intermediaries (lawyers, brokers) or counterparty risk. (2) It provides a possibly helpful high-level language for implementing business processes on Algorand. (3) It demonstrates that despite the strict limitations on Algorand smart contracts, they are powerful enough to encode models of a modern process notation.

Open access
cs.SE
Original source
Nov 16, 2022¡Lecture notes in computer science
3 cites
PU GNN: Chargeback Fraud Detection in P2E MMORPGs via Graph Attention Networks with Imbalanced PU Labels

Jiho Choi, Junghoon Park, Woocheol Kim, Jin‐Hyeok Park · 6 authors

The recent advent of play-to-earn (P2E) systems in massively multiplayer online role-playing games (MMORPGs) has made in-game goods interchangeable with real-world values more than ever before. The goods in the P2E MMORPGs can be directly exchanged with cryptocurrencies such as Bitcoin, Ethereum, or Klaytn via blockchain networks. Unlike traditional in-game goods, once they had been written to the blockchains, P2E goods cannot be restored by the game operation teams even with chargeback fraud such as payment fraud, cancellation, or refund. To tackle the problem, we propose a novel chargeback fraud prediction method, PU GNN, which leverages graph attention networks with PU loss to capture both the players' in-game behavior with P2E token transaction patterns. With the adoption of modified GraphSMOTE, the proposed model handles the imbalanced distribution of labels in chargeback fraud datasets. The conducted experiments on three real-world P2E MMORPG datasets demonstrate that PU GNN achieves superior performances over previously suggested methods.

Open access
2 source records
cs.LG
cs.SI
Imbalanced Data Classification Techniques
Original source
Nov 15, 2022¡arXiv (Cornell University)
1 cites
Operation-level Concurrent Transaction Execution for Blockchains

Haoran Lin, Yajin Zhou, Lei Wu

Despite the success in various scenarios, blockchain systems, especially EVM-compatible ones that serially execute transactions, still face the significant challenge of limited throughput. Concurrent transaction execution is a promising technique to accelerate transaction processing and increase the overall throughput. Existing concurrency control algorithms, however, fail to obtain enough speedups in real-world blockchains due to the high-contention workloads. In this paper, we propose a novel operation-level concurrency control algorithm designed for blockchains. The core idea behind our algorithm is that only operations depending on conflicts should be executed serially, while all other conflict-free operations can be executed concurrently. Therefore, in contrast to the traditional approaches, which block or abort the entire transaction when encountering conflicts, our algorithm introduces a redo phase to resolve conflicts at the operation level by re-executing conflicting operations only. We also develop a set of data dependency tracking mechanisms to achieve precise identification and speedy re-execution for conflicting operations. We implement an open-source prototype based on Go Ethereum and evaluate it using real-world Ethereum blocks. The evaluation results show that our algorithm achieves an average speedup of 4.28$\times$. If combined with state prefetching techniques, our approach can further accelerate the transaction execution by 7.11$\times$.

Open access
2 source records
cs.DC
Distributed systems and fault tolerance
Blockchain Technology Applications and Security
Original source
Nov 15, 2022¡International Research Journal of Modernization in Engineering Technology and Science
0 cites
EMPLOYING A DECENTRALIZED APPLICATION BASED ON WEB 3.0

Authors unavailable

Buyers have a lot of options these days with the rapid advent of modern centralized marketplaces which harness the internet as their main infrastructure. While convenience is provided in abundance, some major concerns with these platforms are the lack of data privacy, its power to obstruct vendors/merchants and the expenses for arbitrary reasons related with posting and selling of the items. In this work, the framework for an application is put forward by us, which benefits off of the Ethereum blockchain to address these issues. After the abstract is read by the user through the medium of a web interface, their input is sent to the Ethereum network using the web3.js API. Resolution of these security issues can be attempted by leveraging the blockchain technology and executing a DApp(Decentralized application) which will act as a virtual commercial centre wherein consumers will actually be able to trade digital resources or NFT's utilizing crypto tokens.

Open access
Mobile and Web Applications
Peer-to-Peer Network Technologies
Service-Oriented Architecture and Web Services
Original source
Nov 14, 2022¡Future Internet
6 cites
A Comparison of Blockchain Recovery Time in Static and Mobile IoT-Blockchain Networks

Yue Su, Kien Nguyen, Hiroo Sekiya

Many IoT-blockchain systems in which blockchain connections run on an infrastructure-based network, such as Wi-Fi or LTE, face a severe problem: the single point of failure (SPoF) (i.e., depending on the availability, an access point of an LTE base station). Using infrastructure-less networks (i.e., ad hoc networks) is an efficient approach to prevent such highly disruptive events. An ad hoc network can automatically restore blockchain communication using an ad hoc routing protocol, even if a node fails. Moreover, an ad hoc routing protocol is more efficient when considering the IoT nodes’ mobility. In this paper, we first construct IoT-blockchain systems on emulated and real ad hoc networks with Ethereum and three ad hoc routing protocols (i.e., OLSR, BATMAN, and BABEL). We then evaluate the blockchain recovery time in static and mobile scenarios. The results show that BATMAN achieves the best blockchain recovery performance in all investigated scenarios because BATMAN only determines whether to switch a route by comparing the number of OGM packets received from a different next-hop. More specifically, in the small-scale real IoT-blockchain, BATMAN recovers at least 73.9% and 59.8% better than OLSR and BABEL, respectively. In the medium-scale emulated IoT-blockchain, the recovery time of BATMAN is at least 69% and 60% shorter than OLSR or BABEL, respectively.

Open access
Blockchain Technology Applications and Security
Caching and Content Delivery
IoT and Edge/Fog Computing
Original source
Nov 13, 2022¡Economies Horizons
3 cites
APPLICATION OF BLOCKCHAIN TECHNOLOGY IN THE HOSPITALITY INDUSTRY

A. H. Blahopoluchna, Iryna Kyryliuk, Olha Dzhoha, Oksana Lytvyn

Blockchain technology, its economic, social and technological implications, along with artificial intelligence and 5G mobile technology, have become revolutionary trends in the last few years. Blockchain technology is primarily associated with Bitcoin, as it is built on the blockchain platform. However, this technology goes far beyond cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Ripple, as it can assist businesses in strategic planning and management. In 2018, the World Economic Forum and Gartner (an information technology, research and consulting company) announced blockchain as one of the most popular technologies. The hospitality industry should focus not on the technology itself, but on how it can be used to benefit consumers and suppliers, while creating new tourism products or systems. Blockchain technology can be used in online customer reviews, smart contracts, blockchain-based travel portals, online payment processing for hotel reservations, and supply chain management

Open access
Blockchain Technology Applications and Security
Impulse Buying and Technology Impacts
Organizational and Employee Performance
Original source
Nov 13, 2022¡arXiv (Cornell University)
1 cites
Elementary Bitcoin economics: from production and transaction demand to values

Misha Perepelitsa

In this paper we give an elementary analysis of economics of Bitcoin that combines the transaction demand by the consumers and the supply of hashrate by miners. We argue that the decreasing block reward will have no significant effect on the exchange rate (price) of Bitcoin and thus the network will be transitioning to a regime where transaction fees will play a bigger part of miners' revenue. We consider a simple model where consumers demand bitcoins for transactions, but not for hoarding bitcoins, and we analyze market equilibrium where the demand is matched with the hashrate supplied by miners. Our main conclusion is that the exchange rate of Bitcoin cannot be determined from the market equilibrium and so our arguments support the hypothesis that Bitcoin price has no economic fundamentals and is free to fluctuate according to the present demand for hoarding and speculation. We point out that increasing fees bear the risk of Bitcoin being outcompeted by its main rival Ethereum, and that decreasing revenues to miners depreciate the perception of Bitcoin as a medium for store value (hoarding demand) which will have effect its exchange rate.

Open access
2 source records
econ.GN
cs.SI
Blockchain Technology Applications and Security
Original source
Nov 11, 2022
13 cites
BETA-UAV: Blockchain-based Efficient and Trusted Authentication for UAV Communication

Sana Hafeez, Mahmoud A. Shawky, Mohammad Al-Quraan, Lina Mohjazi ¡ 6 authors

Unmanned aerial vehicles (UAV), an emerging architecture that embodies flying ad-hoc networks, face critical privacy and security challenges, mainly when engaged in data-sensitive missions. Therefore, message authentication is a crucial security feature for drone communication. This paper presents a Blockchain-based Efficient, and Trusted Authentication scheme for UAV communication BETA-UAV, which exploits the inherent properties of blockchain technology concerning memorability and immutable to record communication sessions via transaction using a smart contract. The smart contract in BETA-UAV allows participants to publish and call transactions from the blockchain network. Furthermore, the transaction addresses are proof of freshness and trustworthiness for subsequent transmissions. Furthermore, we investigate the ability to resist active attacks, e.g., impersonation, replaying, and modification. In addition, we evaluate the gas costs associated with the smart contract's functions by implementing BETA-UAV on the Ethereum public blockchain. Comparing computation and communication over-heads shows that the proposed approach can save significant costs over traditional techniques.

Open access
Blockchain Technology Applications and Security
UAV Applications and Optimization
Advanced Authentication Protocols Security
Original source
Nov 11, 2022
6 cites
A Conceptual Insight Into Achieving Interoperability Between Heterogeneous Blockchain Enabled Interconnected Smart Microgrids

Disha Lagadamane Dinesha, P. Balachandra

<p>Blockchain technology (BCT) has emerged as a game-changer for many industries since its inception in 2008. Its application in the energy industry as blockchain enabled interconnected smart microgrids (BSMG) is on the rise as it can execute energy trading, automate the market operations, manage the grid, and facilitate real-time payments. With the increase in usage of BSMGs, different types of BCT will emerge, making the system heterogeneous in nature. BCT is also limited currently due to its scalability and low transaction rate. Interoperability between heterogeneous BSMGs can counteract the drawbacks and improve the functionality and, thereby, adoption of BCT in energy. This paper recognises the need for interoperability and thoroughly reviews the different methods of interoperability that currently exist (i.e., notary mechanism, relay or side chains, hashed time-locked contracts, and blockchain routers). Two relay mechanisms - Polkadot and Cosmos with Inter Blockchain Communication Protocol (IBC) are reviewed further to determine the usability of the protocols. Finally, a conceptual architecture of interconnection of heterogeneous BSMGs is proposed. Conceptual solution to connecting Ethereum and Hyperledger Fabric to the Cosmos Hub through IBC is explored. While interoperability between heterogeneous users is addressed in Decentralized Finance (DeFi), it has not yet been addressed in energy. A conceptual solution is provided for this research gap for the first time in energy domain. </p>

Open access
3 source records
Blockchain Technology Applications and Security
Caching and Content Delivery
IoT and Edge/Fog Computing
Original source