Blockchain Papers

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7,397 papersLast indexed Aug 16, 2026
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Feb 27, 2026Β·Open MIND
0 cites
Machine Learning–Based Vulnerability Detection in Ethereum Smart Contracts via EVM Bytecode Feature Engineering

Sergei Solovev

<b>Abstract.</b>Smart contract vulnerabilities have led to losses exceeding billions of US dollars in the decentralised finance (DeFi) ecosystem. Existing detection tools based on symbolic execution and static analysis, while precise, are computationally expensive and often impractical for large-scale screening. In this work, we propose a lightweight machine learning approach that operates directly on compiled EVM bytecode, requiring neither source code nor contract ABI. We design a feature engineering pipeline that extracts 65 security-oriented numerical features from disassembled bytecode instructions, covering reentrancy patterns, arithmetic overflow indicators, gas-based denial-of-service risks, access control anomalies, and environmental dependencies. Using a dataset of 117,091 real-world Ethereum smart contracts labelled by the Slither static analyser, we evaluate four classifiersβ€”Logistic Regression, Decision Tree, Random Forest, and XGBoostβ€”under stratified 5-fold cross-validation. XGBoost, optimised via Bayesian hyperparameter search (Optuna, 50 trials), achieves an F1-score of 0.947 on cross-validation and 93% accuracy on a held-out validation set, with 0.97 recall for vulnerable contracts and 0.85 recall for safe contracts. We additionally benchmark text-based opcode sequence representations and find that hand-crafted numerical features substantially outperform n-gram vectorisation approaches.<br>Code and materials (GitHub): https://github.com/SergeySolovyev/Machine-Learning-Based-Vulnerability-DetectionDate: 26 Feb 2026. Version: v1.

Open access
2 source records
Blockchain Technology Applications and Security
Advanced Malware Detection Techniques
Imbalanced Data Classification Techniques
Original source
Feb 26, 2026
0 cites
IoT-edge Computing enabled Secure and Intelligent Fertilizer Management Framework using Blockchain and Transformer Neural Network

Rohit Kumar Kasera, Tapodhir Acharjee

Modern precision agriculture depends on safe and effective fertilizer management. However, existing systems lack real-time decision-making capabilities, rarely incorporate secure traceability methods, and mainly concentrate on nutrient prediction without determining the type of soil fertilizer utilized for a specific crop. To classify fertilizer types (organic vs. inorganic) in real-time based on soil nutrient parameters (temperature, pH, EC, N, P, and K), this investigation suggests an innovative, lightweight self-attention transformer neural network (TNN) based Fertilizer class contract network (FCCN) model. The proposed research is one of the first to combine secure blockchain recording, fertigation, and fertilizer-type detection into a single edge-based pipeline that operates in real time. The process integrates blockchain-based transaction logging and IoT-edge computing for recording transparent and secure agricultural activity. Whenever deficits emerge, the suggested method uses Venturi irrigation to automatically activate fertigation after processing real-time sensor data at the edge to determine the types of fertilizer utilized and the nutritional status. This work uses a decentralized and scalable architecture compared to cloud-dependent or AI-based-only models. Fertilizer classification and fertigation actions based on the real-time nutrient level recommendation are recorded as immutable transactions on an Ethereum blockchain using a Proof-of-Stake (PoS) consensus. Before the final on-chain recording, validator logic confirms the accuracy of field data, fertigation events, and real-time soil nutrient levels. Real-time blockchain measurements reveal transaction completion speeds of less than 0.03 seconds, gas consumption of less than 62,000 units, and throughput of 15-35. Experimental findings show that FCCN categorization accuracy surpasses 98.85%.

Open access
Smart Agriculture and AI
Internet of Things and AI
Intravenous Infusion Technology and Safety
Original source
Feb 25, 2026Β·arXiv
0 cites
Pools as Portfolios: Observed arbitrage efficiency & LVR analysis of dynamic weight AMMs

Matthew Willetts, Christian Harrington

Dynamic-weight AMMs (aka Temporal Function Market Makers, TFMMs) implement algorithmic asset allocation, analogous to index or smart beta funds, by continuously updating pools' weights. A strategy updates target weights over time, and arbitrageurs trade the pool back toward those weights. This creates a sequence of small, predictable mispricings that grow until taken, effectively executing rebalances as a series of Dutch reverse auctions. Prior theoretical and simulation work (Willetts & Harrington, 2024) predicted that this mechanism could outperform CEX-style rebalancing. We test that claim on two live pools on the QuantAMM protocol, one on Ethereum mainnet and one on Base, across two short rebalancing windows six months apart (July 2025 and January 2026). We perform block-level arbitrage analysis, and then measure long term outcomes using Loss-vs-Rebalancing (LVR) and Rebalancing-vs-Rebalancing (RVR) benchmarks. On mainnet, rebalancing becomes markedly more efficient over time (more frequent arbitrage trades with lower value extracted per trade), reaching performance comparable to or better than CEX-based models. On Base, rebalancing persists even when per-trade extraction is near (or below) zero, consistent with routing-driven execution, and achieves efficiencies that meet or exceed standard "perfect rebalancing" LVR baselines. These results demonstrate dynamic-weight AMMs as a competitive execution layer for tokenised funds, with superior performance on L2s where routing and lower data costs compress arbitrage spreads.

Open access
q-fin.TR
q-fin.PM
Original source
Feb 25, 2026Β·Journal of Artificial Intelligence and Soft Computing Research
1 cites
Phishing Fraud Identity Inference Based on Graph Gated Recurrent Neural Network

Zhaohuang Chen, Zhongqi Fu, Tao Liang, Haidong Ma Β· 6 authors

Abstract Since the proposal of the blockchain, its application scenarios have been continuously expanded. However, the anonymity feature of the blockchain has hindered market regulation, leading to numerous illegal activities such as phishing fraud, which has now become a serious type of crime. Currently, most phishing fraud detection technologies on blockchain platforms use transaction data to construct basic raw transaction graphs and then use neural network methods to mine key information. This study proposes a graph gated recurrent neural network (GGRNN) model that fully integrates temporal and spatial information, effectively utilizing time-related information in the transaction graph. It first takes an account as the center node to obtain its second-order transaction data and then constructs a dynamic transaction graph (DTG). Subsequently, the DTG is fed to the GGRNN to process the temporal features in a gated recurrent unit (GRU) framework and introduce graph convolutional network (GCN) operations to fully use the node neigh-bourhood topology features, obtain the embedded representation of the graph, and then perform graph classification for phishing node detection. To verify the effectiveness of the proposed model, it was applied to real-world Ethereum transaction datasets. Numerical results show that the proposed GGRNN model significantly outperforms state-of-the-art methods.

Open access
Blockchain Technology Applications and Security
Imbalanced Data Classification Techniques
Advanced Graph Neural Networks
Original source
Feb 24, 2026Β·Journal of Computing Theories and Applications
1 cites
Investigating Security Enhancement in Hybrid Clouds via a Blockchain-Fused Privacy Preservation Strategy: Pilot Study

Tabitha Chukwudi Aghaunor, Eferhire Valentine Ugbotu, Emeke Ugboh, Paul Avwerosuoghene Onoma Β· 9 authors

The proliferation of cloud infrastructures has intensified concerns regarding data security, integrity, identity and access management, and user privacy. Despite recent advances, existing solutions often lack comprehensive integration of privacy-preserving mechanisms, dynamic trust management, and cross-provider interoperability. This study proposes an AI-enabled, zero-trust, blockchain-fused identity management framework for secure, privacy-preserving multi-cloud environments. The framework integrates homomorphic encryption with differential privacy for aggregate-level protection and secure multi-party computation for collaborative data processing. The proposed system was validated in a simulated multi-cloud environment using CloudSim, Ethereum blockchain, and AWS EC2. Experimental results indicate homomorphic encryption latency of approximately 450ms per operation and statistically significant security improvements (t(128) = 12.47, p &lt; 0.001), privacy (t(95) = 8.93, p &lt; 0.001), and throughput (t(156) = 15.21, p &lt; 0.001). The framework achieved differential privacy with Ξ΅ = 0.1 while retaining 99.2% data utility, and demonstrated a 34% improvement in processing speed over conventional differential privacy approaches. In addition, the implementation was observed to be 2.3Γ— faster than BGV-based configurations, with 45% lower memory consumption than CKKS and a 67% reduction in ciphertext size relative to baseline implementations. From an operational perspective, the framework shows a 23% reduction in security management costs, a 31% improvement in resource utilization efficiency, and an 18% decrease in compliance audit expenses. The model further indicates a 27% reduction in total cost of ownership (TCO) compared with multi-vendor security solutions, a projected return on investment (ROI) within 14 months, and an 89% reduction in security incident response costs under the evaluated conditions.

Open access
Cryptography and Data Security
Cloud Data Security Solutions
Blockchain Technology Applications and Security
Original source
Feb 24, 2026Β·Zenodo (CERN European Organization for Nuclear Research)
0 cites
An Optimal Behavioral Model Developed for Trading Ethereum Cryptocurrency in the Forex Market

Hamid Najafi Bouyaghchi, Ameneh Farahani, Ismail A Mageed

The cryptocurrency market is volatile, which makes it very difficult to accurately predict. The Long Short-Term Memory (LSTM) is an approach to Predict Price Cryptocurrency (PPC) that uses price time series data. However, in this method, the prediction accuracy is dependent on the tuning of meta-parameters. Therefore, to tune these meta-parameters, an improved version of the optimization algorithms is needed that provides the task of selecting the optimal values of these parameters for price predictions. Therefore, in this study, the LSTM is combined with the classic version of the Differential Evolution (DE) algorithm, and the real data against the prediction results of the model presented in this study showed the appropriate accuracy of this model. Then, the classic version of the DE algorithm was modified to reduce its errors compared to previous algorithms. In this regard, coding was done in MATLAB version 2023b software, and the improved version was compared in terms of error rate with the Gray Wolf Optimizer (GWO), Particle Swarm Optimization (PSO), Genetic Algorithm (GA), and the new Bald Eagle Search (BES) algorithm, which showed an accuracy of 86.94% for the improved model in this study.

Open access
2 source records
Blockchain Technology Applications and Security
Stock Market Forecasting Methods
Financial Markets and Investment Strategies
Original source
Feb 22, 2026
0 cites
SARMF: Smart Contract Automated Remediation and Mitigation Framework v1

Mohit Tiwari

SARMF (Smart Contract Automated Remediation and Mitigation Framework) is a structured and reproducible security engineering pipeline designed for vulnerability detection, taxonomy alignment, automated remediation, and adversarial validation of Ethereum-compatible smart contracts. This operational protocol presents a structured workflow for smart contract vulnerability detection and automated mitigation within blockchain-based systems. The methodology integrates deterministic environment setup, multi-tool static analysis, vulnerability normalization using standardized taxonomies, rule-based automated patch generation, and dynamic adversarial validation. By combining static detection tools with controlled refactoring patterns and behavioral verification, the framework ensures reproducibility, traceability, and measurable performance impact assessment. The protocol concludes with comprehensive audit reporting and archival procedures to support transparency and independent verification. This workflow provides a systematic foundation for secure smart contract lifecycle management in decentralized applications. Unlike traditional audit checklists, this framework operationalizes vulnerability detection, taxonomy alignment, automated remediation generation, and validation feedback loops into a unified reproducible security engineering pipeline. Key Contributions of SARMF: Deterministic environment and compilation reproducibility model. Unified multi-tool vulnerability normalization aligned with SWC taxonomy. Rule-based automated mitigation generation preserving semantic integrity. Iterative validation loop combining static, adversarial, and fuzz testing. Structured audit archival enabling independent verification and traceability.

Open access
Blockchain Technology Applications and Security
Adversarial Robustness in Machine Learning
Security and Verification in Computing
Original source
Feb 20, 2026Β·Zenodo (CERN European Organization for Nuclear Research)
0 cites
Legal Challenges in Regulating Cryptocurrency in India

Sheetal Sharma

The sudden growth of cryptocurrencies has created a set of intricate regulatory and legal issues for the financial and governance system of India. The decentralized nature of digital currencies like Bitcoin and Ethereum challenges the conventional monetary system, giving rise to concerns about their legal status, protection of investors, taxation, and overall financial stability. This paper critically analyzes the regulatory environment in India, especially in the wake of the 2018 circular issued by the Reserve Bank of India and its subsequent strike-down in the case of Internet and Mobile Association of India v. Reserve Bank of India. It also discusses challenges with respect to money laundering under the Prevention of Money Laundering Act, 2002, taxation of virtual digital assets, and the lack of a comprehensive statutory regulatory framework for cryptocurrency exchanges. The paper contends that the current stance of India is one of regulatory ambivalence, vacillating between control and tolerance.

Open access
2 source records
Blockchain Technology Applications and Security
Security, Politics, and Digital Transformation
Law, AI, and Intellectual Property
Original source
Feb 19, 2026Β·International Journal for Research in Applied Science and Engineering Technology
0 cites
A Smart Contract-Driven Blockchain Architecture for Secure Digital Voting

Smit Pingale

In democratic systems, secure and transparent voting mechanisms are essential to maintain public trust and electoral integrity. Traditional paper-based and centralized electronic voting systems often face challenges such as limited transparency, risk of data manipulation, and dependence on centralized authorities. To address these issues, this project proposes a decentralized blockchain-based voting system designed to enhance security, transparency, and reliability. The system is developed on the Ethereum blockchain, where each vote is recorded as an immutable transaction to prevent tampering or duplication. Smart contracts written in Solidity automate essential election functions including voter registration, vote validation, and result computation. A web-based interface built using React.js and Web3.js enables secure interaction with the blockchain, while wallet-based authentication ensures that each authorized user can cast only one vote The system is implemented and tested in a controlled environment to evaluate performance, accuracy, and resistance to double voting.

Open access
Internet Traffic Analysis and Secure E-voting
Blockchain Technology Applications and Security
Information Retrieval and Data Mining
Original source
Feb 19, 2026Β·Open MIND
1 cites
StableAML: Machine Learning for Behavioral Wallet Detection in Stablecoin Anti-Money Laundering on Ethereum

Luciano Juvinski, Han Li, Alessio Brini

Global illicit fund flows exceed an estimated $3.1 trillion annually, with stablecoins emerging as a preferred laundering medium due to their liquidity. While decentralized protocols increasingly adopt zero-knowledge proofs to obfuscate transaction graphs, centralized stablecoins remain critical transparent choke points for compliance. Leveraging this persistent visibility, this study analyzes an Ethereum dataset to establish an empirical baseline for behavioral AML detection. Our findings demonstrate that domain-informed tree ensemble models achieve higher Macro-F1 score, significantly outperforming graph neural networks, which struggle with the increasing fragmentation of transaction networks. The model's interpretability goes beyond binary detection, successfully dissecting distinct typologies: it differentiates the complex, high-velocity dispersion of cybercrime syndicates from the constrained, static footprints left by sanctioned entities. This methodological approach provides actionable insights that align with industry shifts toward deterministic verification, informing the auditability and compliance requirements under regulations such as the EU's MiCA and the U.S. GENIUS Act while minimizing unjustified asset freezes. By providing a high-precision behavioral classification of suspicious wallets, this approach contributes to raising the economic cost of financial misconduct while informing compliance practice under emerging stablecoin regulations.

Open access
3 source records
Crime, Illicit Activities, and Governance
Blockchain Technology Applications and Security
Cybercrime and Law Enforcement Studies
Original source
Feb 18, 2026Β·ArXiv.org
0 cites
Managing Credible Anonymous Identities in Web 3.0 Services: A Scalable On-Chain Admission Framework with Recursive Proof Aggregation

Zibin Lin, Taotao Wang, Shengli Zhang, Long Shi Β· 6 authors

Open Web 3.0 platforms increasingly operate as \emph{service ecosystems} (e.g., DeFi, DAOs, and decentralized social applications) where \emph{admission control} and \emph{account provisioning} must be delivered as an always-on service under bursty demand. Service operators face a fundamental tension: enforcing Sybil resistance (one-person-one-account) while preserving user privacy, yet keeping on-chain verification cost and admission latency predictable at scale. Existing credential-based ZK admission approaches typically require per-request on-chain verification, making the provisioning cost grow with the number of concurrent joiners. We present \textbf{ZK-AMS}, a scalable admission and provisioning layer that bridges real-world \emph{Personhood Credentials} to anonymous on-chain service accounts. ZK-AMS combines (i) zero-knowledge credential validation, (ii) a \emph{permissionless} batch submitter model, and (iii) a decentralized, privacy-preserving folding pipeline that uses Nova-style recursive aggregation together with multi-key homomorphic encryption, enabling batch settlement with \emph{constant} on-chain verification per batch. We implement ZK-AMS end-to-end on an Ethereum testbed and evaluate admission throughput, end-to-end latency, and gas consumption. Results show stable verification cost across batch sizes and substantially improved admission efficiency over non-recursive baselines, providing a practical and cost-predictable admission service for large-scale Web 3.0 communities.

Open access
Cryptography and Data Security
Access Control and Trust
Internet Traffic Analysis and Secure E-voting
Original source
Feb 18, 2026Β·Results in Control and Optimization
0 cites
Attention-based model design for Ethereum fraud detection with neural network architecture optimization using Artificial Bee Colony algorithm

Mehdi Asgari, Seyyed Mohsen Hashemi

Fraud detection within the Ethereum network remains a major research challenge due to the strong statistical resemblance between legitimate and fraudulent transaction patterns, severe class imbalance, and the multiscale complexity of temporal-interaction dependencies. Proposing and evaluating a multi-branch attention-based system with automated architecture optimization, which can detect fraudulent Ethereum accounts with high accuracy, is the aim of this study. The experimental evaluation was performed on a dataset with 9,841 samples and 17 extracted features. The proposed system employed a hybrid multi-branch architecture combining CNN, Bi-LSTM, and LSTM with a Gated Fusion mechanism along with multiscale attention layers. The Artificial Bee Colony (ABC) algorithm was applied to automatically optimize sixteen key structural and learning parameters. The results indicate that the proposed system achieved an accuracy of 99.84 %, F1 score of 98.94 %, sensitivity of 98.76 percent, and precision of 99.12 percent. These results notably outperform eight algorithms, such as Random Forest, XGBoost, LGBM, and GADL. According to the confusion matrix analysis, there is a reduction in false negatives, confirming that the system produced only five such cases in the sample set. These findings show that the proposed system is an effective and efficient approach for detecting fraud in blockchain systems and enables deployment in exchanges, DeFi platforms, and regulatory institutions.

Open access
Imbalanced Data Classification Techniques
Financial Distress and Bankruptcy Prediction
Blockchain Technology Applications and Security
Original source
Feb 18, 2026Β·Open MIND
0 cites
ZK-AMS: Credibly Anonymous Admission for Web 3.0 Platforms via Recursive Proof Aggregation

Zibin Lin, Taotao Wang, Shengli Zhang, Long Shi Β· 6 authors

Web 3.0 platforms need an onboarding mechanism that can admit real users at scale without forcing them to reveal identity documents or pay one on-chain verification cost per user. Existing approaches typically rely on KYC-style disclosure, per-request on-chain verification, or trusted batching, making onboarding cost and latency difficult to predict under bursty demand. We present \textbf{ZK-AMS}, a credibly anonymous admission infrastructure that maps Personhood Credentials to anonymous on-chain Soul Accounts. Rather than introducing a new primitive, ZK-AMS composes zero-knowledge credential validation, permissionless batch submission, recursive proof aggregation, and anonymous post-admission account provisioning into one end-to-end workflow. Its key design feature is a confidential batching pipeline in which admission instances of a common relation are folded off-chain under multi-key homomorphic encryption, allowing an untrusted batch submitter to coordinate aggregation without direct access to individual user witnesses during batching; the confidentiality scope is characterized explicitly in the security analysis. The resulting batch is settled on-chain with constant verification cost per batch rather than per admitted user. We implement ZK-AMS on an Ethereum testbed and evaluate admission throughput, end-to-end latency, gas consumption, and parameter trade-offs. Results show stable batch-verification gas across evaluated batch sizes, substantially lower amortized on-chain cost than the non-recursive baseline, and practical cost-latency trade-offs for high-concurrency onboarding in Web 3.0 platforms.

Open access
2 source records
cs.NI
cs.CR
Cryptography and Data Security
Original source
Feb 18, 2026Β·arXiv (Cornell University)
0 cites
push0: Scalable and Fault-Tolerant Orchestration for Zero-Knowledge Proof Generation

Mohsen Ahmadvand, Rok Pajnič, Ching-Lun Chiu

Zero-knowledge proof generation imposes stringent timing and reliability constraints on blockchain systems. For ZK-rollups, delayed proofs cause finality lag and economic loss; for Ethereum's emerging L1 zkEVM, proofs must complete within the 12-second slot window to enable stateless validation. The Ethereum Foundation's Ethproofs initiative coordinates multiple independent zkVMs across proving clusters to achieve real-time block proving, yet no principled orchestration framework addresses the joint challenges of (i) strict head-of-chain ordering, (ii) sub-slot latency bounds, (iii) fault-tolerant task reassignment, and (iv) prover-agnostic workflow composition. We present push0, a cloud-native proof orchestration system that decouples prover binaries from scheduling infrastructure. push0 employs an event-driven dispatcher--collector architecture over persistent priority queues, enforcing block-sequential proving while exploiting intra-block parallelism. We formalize requirements drawn from production ZK-rollup operations and the Ethereum real-time proving specification, then demonstrate via production Kubernetes cluster experiments that push0 achieves 5 ms median orchestration overhead with 99--100% scaling efficiency at 32 dispatchers for realistic workloads--overhead negligible (less than 0.1%) relative to typical proof computation times of 7+ seconds. Controlled Docker experiments validate these results, showing comparable performance (3--10 ms P50) when network variance is eliminated. Production deployment on the Zircuit zkrollup (14+ million mainnet blocks since March 2025) provides ecological validity for these controlled experiments. Our design enables seamless integration of heterogeneous zkVMs, supports automatic task recovery via message persistence, and provides the scheduling primitives necessary for both centralized rollup operators and decentralized multi-prover networks.

Open access
3 source records
Cloud Computing and Resource Management
Blockchain Technology Applications and Security
Security and Verification in Computing
Original source
Feb 17, 2026Β·arXiv
0 cites
MEV in Binance Builder

Qin Wang, Ruiqiang Li, Guangsheng Yu, Vincent Gramoli Β· 5 authors

We study builder-driven MEV arbitrage on BNB Smart Chain (BSC). BSC's Proposer-Builder Separation (PBS) adopts a leaner design: only whitelisted builders can participate, blocks are produced at shorter intervals, and private order flow bypasses the public mempool. These features have long raised community concerns over centralization, which we empirically confirm by tracing the arbitrage activities of the two dominant builders from Apr. 1, 2025 to Feb. 28, 2026 (full observable activity cycle). Within months, the two leading builders, \bd{48Club} and \bd{Blockrazor}, produced over 87\% of blocks and captured about 90\%+ of MEV profits. We find that profits concentrate in short, low-hop arbitrage routes over wrapped tokens and stablecoins, and that block construction rapidly converges toward monopoly. Beyond concentration alone, our analysis reveals a structural source of inequality: BSC's short block interval and whitelisted PBS collapse the contestable window for MEV competition, amplifying latency advantages and excluding slower builders and searchers. MEV extraction on BSC is not only more centralized than on Ethereum, but also structurally more vulnerable to censorship and fairness erosion.

Open access
cs.CR
Original source
Feb 17, 2026Β·International Journal of Engineering & Technology
0 cites
Techniques for Using Server-side Node.js Modules with the Truffle Ethereum Development Framework

Hyunmin Eom, Jae-Hwan Jin, Myung-Joon Lee

Truffle is a framework that provides compiling, testing and systematic project management for developing Ethereum decentralized applications. As of now, Truffle provides a way to easily deal with bundling node.js modules of decentralized application using the webpack tool. However, due to the Truffle project structure, server-side node.js modules such as network communication modules are not usable in a direct way. In this paper, to address this issue, we propose a method to use server-side node.js modules through Ethereum smart contracts and event processing mechanism. In the proposed method, a separate node application is associated to the server-side module to execute the module in response to the request of the decentralized application. To this end, we introduce the notion of function gateway, a smart contract for connecting two applications with Ethereum's event-watch processing technique. Also, to use the function gateway contract in a robust way, we introduce a robust function gateway that includes the process of confirming whether or not the event-watch has occurred and the node.js module function has been executed. In addition, we present a decentralized application using node.js module for sending actual e-mails based on the function gateway.

Open access
Software System Performance and Reliability
Service-Oriented Architecture and Web Services
Robotics and Automated Systems
Original source
Feb 16, 2026Β·International Journal of Science and Research Archive
0 cites
Statistical Arbitrage Strategies Using Cointegration Analysis in Cryptocurrency Markets

Taekyung Park

The dissertation examines statistical arbitrage methods in the cryptocurrency markets using cointegration analysis on Bitcoin, ethereum, Litecoin, Ripple using daily price data of the cryptocurrencies between January 2022 and October 2024. The research deploys strict econometric procedures, such as the Engle-Granger two-step process and Johansen test, to uncover and take advantage of the mean-reverting relationships between the key cryptocurrencies. Findings indicate that there are strong relationships of cointegration especially between Bitcoin-Ether and Ethereum-Litecoin with the relationship between Bitcoin-Ether and Ethereum being very stable in many market regimes. The statistically arbitrage strategies depending on such cointegrated pairs led to large risk-adjusted returns whose Sharpe ratios of 1.58 to 2.45 were markedly higher than buy-and-hold standards. The Bitcoin-Etherer pairs trading strategy had an annualized return of 16.34 evidenced by a volatility of just 8.45 against the volatility of Bitcoin on buy and hold at 54.67. These strategies had low beta (0.09-0.18), which was an affirmative of their market-neutral qualities and their positive alpha generation of between 11-15% per annum.

Open access
Blockchain Technology Applications and Security
Security, Politics, and Digital Transformation
Stock Market Forecasting Methods
Original source
Feb 16, 2026Β·Scientia Africana
0 cites
Modelling the vola tility of Ethereum returns using GARCH (1,1) under normal, student-t, and GED distributions

O.O. Amam, M.T. Nwakuya, M.A. Ijomah

This study investigates the volatility behaviour of Ethereum (Coinbase) returns using the Generalized Autoregressive Heteroskedasticity GARCH (1,1) model under three distributional assumptions: Normal, Student-t, and the Generalized Error Distribution (GED). Cryptocurrency markets are characterized by extreme price swings, heavy-tailed behaviour, and persistent volatility, making traditional constant-variance models ineffective. Descriptive statistics reveal strong deviations from normality in Ethereum returns, with high kurtosis (7.8454) and an extremely large Jarque–Bera statistic (1797.182 with its p-value less than 5%), indicating excess tail risk and frequent extreme movements. Preliminary analysis reveal that the return series is stationary, free from serial correlation, but exhibits significant ARCH effects, justifying the use of conditional heteroskedasticity models. Empirical results show highly persistent volatility across all models, with Ξ± + Ξ² values close to unity: approximately 0.99 under the Normal distribution, 1.01 under the Student-t specification, and 0.994 under GED distribution. Model comparison reveals that heavy-tailed error structures outperform the Normal model, with GED achieving the lowest AIC (βˆ’3.781), SIC (βˆ’3.7629), HQC (βˆ’3.7743), and the lowest MAPE (114.6606). These findings demonstrate that flexible distributional assumptions greatly enhance the modelling of extreme and persistent volatility in Ethereum returns. The study emphasizes the importance of adopting heavy-tailed GARCH frameworks when analysing cryptocurrency risk and forecasting volatility.

Open access
Financial Risk and Volatility Modeling
Blockchain Technology Applications and Security
Financial Markets and Investment Strategies
Original source
Feb 14, 2026Β·Financial Innovation
1 cites
Volatility spillover and connectedness among US renewable energy, green bonds, and cryptocurrencies

Amro Saleem Alamaren, Korhan K. Gâkmenoğlu, Nigar Taşpınar

Abstract This study investigates the volatility spillover and connectedness networks among renewable energy sources (Biofuel, Fuel cell, Geothermal, Solar), green bonds, and cryptocurrencies (Bitcoin, Ethereum, Tether, and BNB coin) in the U.S. market. To accomplish this objective, we analyzed data from November 15, 2017, to May 31, 2024, via the methods introduced by Diebold and Yilmaz (Int J Forecast 28:57–66, 2012) and BarunΓ­k and KΕ™ehlΓ­k (J Financ Econometr 16:271 296, 2018). Our findings reveal that major global disruptionsβ€”including the COVID-19 pandemic, the Russia–Ukraine war, the collapse of Silicon Valley Bank, and the Credit Suisse crisisβ€”have intensified volatility spillovers and financial contagion across markets, exacerbating their outcomes. The findings suggest that the effectiveness of green finance depends on its allocation across these sectors, highlighting the importance of examining each sector to understand the success of these financial initiatives. The influence of COVID-19 on the U.S. economy has increased transmission risk across markets. Renewable energy is less volatile than green bonds and cryptocurrencies are, with these indices reacting more quickly to short-term shocks. Investors should focus on short-term impacts to manage market risk effectively. By providing insights into how financial shocks propagate across sectors, emphasizing the need for a sector-specific approach to assessing financial sustainability, and underscoring the importance of short-term risk management strategies, this research offers valuable contributions to decision-makers and investors.

Open access
Market Dynamics and Volatility
Sustainable Finance and Green Bonds
Blockchain Technology Applications and Security
Original source
Feb 14, 2026Β·arXiv (Cornell University)
0 cites
NFT Games: an Empirical Look into the Play-to-Earn Model

Yixiao Gao, Fei Li, Ruizhe Shi, Ruizhi Cheng Β· 7 authors

The past decade has witnessed the burgeoning and continuous development of blockchain and its applications. Besides various cryptocurrencies, an industry that has quickly embraced this trend is gaming. Thanks to the support of blockchain, games have started to incorporate non-fungible tokens (NFTs) that can enable a new gaming model, play-to-earn (P2E), which incentivizes users to participate and play. While recent studies looked at several NFT games qualitatively and individually, an in-depth understanding is still missing, particularly on how the P2E model has transformed traditional games. In this work, we set to conduct a measurement study of NFT games, aiming to gain a comprehensive understanding of the effectiveness of P2E in practice. For this purpose, we collect and analyze relevant NFT transaction data from the underlying blockchain (e.g., Ethereum) of 12 games, supplemented with various data scraped from their websites. Our study shows that (1) a few top wallets control unproportionally high percentage of NFTs, and the majority of wallets own only one or two NFTs and do not actively trade; (2) promotion events do boost the trade amount and the NFT price for some games, but their effect does not sustain; and (3) few players actually earned a profit, and players in 9 out of 12 games who traded NFTs have a negative profit on average. Motivated by these findings, we further investigate effective incentive mechanisms based on game theory to improve the trading profits that players can earn from these NFT games. Both modeling and simulation results confirm the effectiveness of the proposed incentive mechanism.

Open access
3 source records
cs.CE
cs.GT
Blockchain Technology Applications and Security
Original source
Feb 13, 2026Β·Energies
1 cites
SMARGE: An AI–Blockchain Smart EV Charging Platform with Cryptocurrency-Based Energy Transactions

Al Mothana Al Shareef, Serap Ulusam SeΓ§kiner

The accelerating adoption of electric vehicles (EVs) is intensifying pressure on urban power grids, particularly during evening peak hours. Existing smart-charging frameworks remain constrained by centralized control, static pricing, and limited integration of predictive intelligence. This study presents SMARGE, a hybrid AI–Blockchain smart charging platform that combines load forecasting, dynamic pricing, and cryptocurrency-based incentives to enhance decentralized EV energy management in Gaziantep Province. An ensemble of forecasting models (SARIMA, LightGBM, N-BEATS, and TFT) predicts 2026 hourly electricity demand, while an adaptive inverse-sigmoid pricing mechanism generates real-time incentives and disincentives for EV charging behavior. A fuzzy logic-based behavioral model simulates both unmanaged and managed charging across three scenarios. Results show that managed charging reduces peak load by 22.43%, shifts 67.45% of energy demand to off-peak periods, and achieves 94.86% charging fulfillment under constrained grid conditions. The blockchain layerβ€”implemented through a custom ERC-20 token (SMARGE) on the Ethereum Sepolia testnetβ€”enables secure, transparent, and low-cost microtransactions with an average confirmation time of 0.63 s. These findings demonstrate that tightly coupling AI forecasting with tokenized blockchain incentives can improve grid stability, lower operational costs, and enhance user autonomy in a scalable and decentralized manner. While promising, the study is limited by assumptions of synthetic user behavior and ideal communication conditions; future work will validate the platform in real-world pilot deployments and across different urban regions.

Open access
Electric Vehicles and Infrastructure
Transportation and Mobility Innovations
Smart Grid Energy Management
Original source
Feb 13, 2026Β·Zenodo (CERN European Organization for Nuclear Research)
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KRILL: Bio-Inspired Network Architecture for the Internet of Things.

Krill2026

KRILL β€” Bio-Inspired Architecture for IoT Consensus Decentralized IoT consensus without blockchain β€” inspired by ant colonies, immune systems & chemical diffusion. What is KRILL? The problem: Blockchain doesn't work for IoT. It's too heavy, too slow, and too expensive for devices running on batteries with 32KB of RAM. IoT needs to answer "What is the physical state of the world?" β€” not "Who has how much money?" The solution: KRILL replaces blockchain with 9 mechanisms borrowed from biology: Mechanism Biological inspiration What it does Stigmergic Consensus Ant pheromone trails Nodes "deposit" readings like ants deposit pheromones. Truth emerges from convergence, not voting. Pentastratic Immune System Human immune layers 5-layer anomaly detection: skin (format check) β†’ innate (statistical) β†’ adaptive (learned) β†’ NK audit β†’ autoimmune suppression. Metabolic State Cell metabolism Data has a "half-life" β€” old readings decay and die automatically. No infinite ledger. Entropic Data Valuation Thermodynamic entropy Network autonomously decides which data is worth storing based on information theory. Quorum Sensing Bacterial quorum sensing Nodes detect local density and switch modes (solo β†’ quorum β†’ swarm) without any coordinator. Horizontal Gene Transfer Bacterial gene sharing Firmware updates spread node-to-node like genes between bacteria. No update server needed. Morphogenetic Topology Embryonic development Network self-organizes its topology using reaction-diffusion (Turing patterns). Thymic Tolerance T-cell training in thymus System learns what "normal" looks like to avoid false alarms. Immunological Memory Vaccine/antibody memory Once the network detects an attack pattern, it "vaccinates" all nodes. The result: 1000x less energy than blockchain consensus Runs on a $2 ESP32 microcontroller (240KB RAM) Works with intermittent connectivity (mesh, BLE, LoRa, WiFi) No miners, no staking, no tokens β€” consensus is grounded in physical reality Scales to millions of nodes without coordinator Status: Research paper + engineering specification. No working implementation yet. Documents Document Description Research Paper (HTML) Full academic paper β€” mathematical formalizations, energy analysis, novelty assessment, risk analysis. 20 sections. Open in browser β†’ Print β†’ Save as PDF. Engineering Specification (HTML) Implementation reference β€” byte-level wire formats, state machines, pseudocode, test vectors, transport layers. Ready to code from. Source files (Markdown): krill-bioinspired-architecture.md β€” Research paper krill-bia-engineering-spec.md β€” Engineering spec Architecture at a Glance β”Œβ”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β” β”‚ KRILL Node (ESP32) β”‚ β”œβ”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”¬β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”¬β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”¬β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”¬β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€ β”‚ Stigmer- β”‚ Immune β”‚ Metabolicβ”‚ Quorum β”‚ Morpho- β”‚ β”‚ gic β”‚ System β”‚ State β”‚ Sensing β”‚ genetic β”‚ β”‚ Consensusβ”‚ (5-layer)β”‚ (decay) β”‚ (modes) β”‚ Topology β”‚ β”œβ”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”΄β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”΄β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”΄β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”΄β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€ β”‚ Transport: BLE mesh / WiFi / LoRa β”‚ β”œβ”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€ β”‚ PUF Identity + Ed25519 Enrollment β”‚ β””β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”€β”˜ MVP β€” Where to Start If you want to implement KRILL, start with these 4 subsystems (the rest can be added later): ES-13 β€” Cryptographic enrollment (PUF + Ed25519 identity) ES-12 β€” Transport layer (BLE mesh for local, WiFi for bridging) ES-1 β€” Core data types and wire formats ES-3 β€” Stigmergic Consensus (the core algorithm) ES-10 β€” Main event loop and message dispatch Target hardware: ESP32 (Nano node) + nRF52840 (Dust node, optional) Why Not Blockchain? Blockchain (e.g. Ethereum) KRILL-BIA Consensus energy ~50 Wh/tx (PoW) or ~0.01 Wh/tx (PoS) ~0.00001 Wh/tx Minimum RAM 512MB+ 32KB (Dust), 240KB (Nano) State growth Infinite (append-only) Bounded (data decays) Offline tolerance Minutes before fork Days (pheromone half-life) Hardware cost $50+ SBC $2 ESP32 Finality Probabilistic (blocks) Convergent (pheromone field) Key Innovation: Physical-World Consensus Grounding Unlike blockchain where consensus is purely computational, KRILL grounds consensus in physical reality: Sensor readings must be physically plausible (a thermometer can't jump 50C in 1 second) Nodes that are physically closer have more weight (radio signal strength = distance proxy) The laws of physics constrain what values are possible β€” this is a defense layer that doesn't exist in financial systems This means an attacker must not only compromise the software but also defeat physics β€” a fundamentally harder problem. Contributing See CONTRIBUTING.md for how to get involved. Areas where help is most needed: Rust/C firmware for ESP32 (core protocol implementation) Simulation β€” model pheromone convergence with 100-10,000 virtual nodes Hardware testing β€” BLE mesh range, LoRa timing, PUF enrollment on real chips Security review β€” formal verification of immune system thresholds Documentation β€” diagrams, tutorials, translations License This project is licensed under the MIT License. Supporting This Work If KRILL is useful to your research or organization, consider supporting further development: ETH / ERC-20 / Base / Arbitrum / Polygon: 0x0BC290355c0B16B5B247701B7BC9AB2E1e61ffa7 Funds go toward: Reference firmware for ESP32 + nRF52840 Hardware test beds (100-node BLE mesh) Independent security audits Bug bounty program for protocol vulnerabilities Code contributions are equally welcome β€” see CONTRIBUTING.md.

Open access
Artificial Immune Systems Applications
Slime Mold and Myxomycetes Research
Molecular Communication and Nanonetworks
Original source
Feb 12, 2026Β·International Journal of Science and Research (IJSR)
0 cites
Donor Guard-Ensuring Efficient Organ Donation via Hyperledger Fabric

Shrutika Khobragade, Pradnya Patil

Blockchain technology, characterized by its immutable, distributed ledger, has evolved significantly beyond its cryptocurrency origins, finding application in healthcare and organ donation systems. Specifically, Hyperledger Fabric emerges as a secure, enterprise grade solution for healthcare data management, with a primary focus on patient medical records. Traditional centralized storage of medical records poses challenges for patients, prompting the development of a Hyperledger Fabric-based system driven by smart contracts to enhance accessibility and security. In the realm of organ donation systems, blockchain is proposed as a remedy for the shortcomings of centralized models, offering heightened transparency and security. Notably, while previous solutions often leaned on Ethereum-based blockchains, this research pioneers the use of Hyperledger Fabric. Beyond organ donation, blockchain's attributes, including decentralization, transparency, and privacy, offer transformative potential in healthcare.

Open access
Blockchain Technology Applications and Security
Organ Donation and Transplantation
Cryptography and Data Security
Original source
Feb 12, 2026Β·Journal Of World Science
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Learning Nonlinear Temporal Patterns in Ethereum Prices Via LSTM Networks

Cevi Herdian

A Long Short-Term Memory (LSTM) neural network trained on hourly ETH/USDT market data from the Binance exchange is used in this study to examine short-term Ethereum price behavior. The proposed model emphasizes learning temporal dependencies and momentum-driven structures rather than relying on conventional linear forecasting assumptions, acknowledging the highly nonlinear and noise-dominated nature of cryptocurrency markets. The daily high price of Ethereum is selected as the target variable in the forecasting task, which is defined as a univariate regression problem. To ensure realistic predictive assessment, model performance is evaluated using a strictly out-of-sample testing methodology. Empirical findings demonstrate that the LSTM model achieves a strong statistical fit despite significant market volatility. The obtained resultsβ€”RMSE of 127.33, MAE of 98.76, MSE of 16,213.76, MAPE of 2.73%, and an RΒ² of 0.96β€”indicate that a substantial portion of short-term price volatility is effectively captured by the nonlinear architecture. Even in a noise-dominated market, the low MAPE and high coefficient of determination suggest robust predictive alignment. Forecasts over the next five days reveal a recurring short-term directional pattern accompanied by widening prediction intervals, which reflect increasing uncertainty as the forecast horizon extends. This pattern underscores the intrinsic difficulty of achieving accurate price-level forecasts in highly volatile cryptocurrency markets. Overall, when applied to short-term cryptocurrency price dynamics, the results indicate that LSTM models are well-suited for capturing trend persistence and regime-related signals, affirming their usefulness as risk-aware decision-support tools rather than deterministic forecasting systems.

Open access
Blockchain Technology Applications and Security
Stock Market Forecasting Methods
Financial Risk and Volatility Modeling
Original source