Blockchain Papers

Follow blockchain research across journals, conferences, and preprint repositories.

1,962 papersLast indexed Aug 31, 2026
Search papers

Paper index

1,962 results · page 71 of 82

Clear filters
Jun 1, 2019·arXiv
33 cites
Patterns for Blockchain Data Migration

H. M. N. Dilum Bandara, Xiwei Xu, Ingo Weber

With the rapid evolution of technological, economic, and regulatory landscapes, contemporary blockchain platforms are all but certain to undergo major changes. Therefore, the applications that rely on them will eventually need to migrate from one blockchain instance to another to remain competitive and secure, as well as to enhance the business process, performance, cost efficiency, privacy, and regulatory compliance. However, the differences in data and smart contract representations, modes of hosting, transaction fees, as well as the need to preserve consistency, immutability, and data provenance introduce unique challenges over database migration. We first present a set of blockchain migration scenarios and data fidelity levels using an illustrative example. We then present a set of migration patterns to address those scenarios and the above data management challenges. Finally, we demonstrate how the effort, cost, and risk of migration could be minimized by choosing a suitable set of data migration patterns, data fidelity level, and proactive system design. Practical considerations and research challenges are also highlighted.

Open access
2 source records
cs.DC
cs.DB
cs.SE
Original source
May 29, 2019·arXiv
0 cites
Workflow Management on BFT Blockchains

Joerg Evermann, Henry Kim

Blockchain technology has been proposed as a new infrastructure technology for a wide variety of novel applications. Blockchains provide an immutable record of transactions, making them useful when business actors do not trust each other. Their distributed nature makes them suitable for inter-organizational applications. However, proof-of-work based blockchains are computationally inefficient and do not provide final consensus, although they scale well to large networks. In contrast, blockchains built around Byzantine Fault Tolerance (BFT) algorithms are more efficient and provide immediate and final consensus, but do not scale well to large networks. We argue that this makes them well-suited for workflow management applications that typically include no more than a few dozen participants but require final consensus. In this paper, we discuss architectural options and present a prototype implementation of a BFT-blockchain-based workflow management system (WfMS).

Open access
cs.DC
Original source
May 29, 2019·arXiv
1 cites
Read-Uncommitted Transactions for Smart Contract Performance

Victor Cook, Zachary Painter, Christina Peterson, Damian Dechev

Smart contract transactions demonstrate issues of performance and correctness that application programmers must work around. Although the blockchain consensus mechanism approaches ACID compliance, use cases that rely on frequent state changes are impractical due to the block publishing interval of $O(10^1)$ seconds. The effective isolation level is Read-Committed, only revealing state transitions at the end of the block interval. Values read may be stale and not match program order, causing many transactions to fail when a block is committed. This paper perceives the blockchain as a transactional data structure, using this analogy in the development of a new algorithm, Hash-Mark-Set (HMS), that improves transaction throughput by providing a Read-Uncommitted view of state variables. HMS creates a directed acyclic graph (DAG) from the pending transaction pool. The transaction order derived from the DAG is used to provide a Read-Uncommitted view of the data for new transactions, which enter the DAG as they are received. An implementation of HMS is provided, interoperable with Ethereum and ready for use in smart contracts. Over a wide range of transaction mixes, HMS is demonstrated to improve throughput. A side product of the implementation is a new technique, Runtime Argument Augmentation (RAA), that allows smart contracts to communicate with external data services before submitting a transaction. RAA has use cases beyond HMS and can serve as a lightweight replacement for blockchain oracles.

Open access
2 source records
cs.DC
Blockchain Technology Applications and Security
Distributed systems and fault tolerance
Original source
May 27, 2019·arXiv
0 cites
Brick: Asynchronous Payment Channels

Georgia Avarikioti, Eleftherios Kokoris Kogias, Roger Wattenhofer, Dionysis Zindros

Off-chain protocols (channels) are a promising solution to the scalability and privacy challenges of blockchain payments. Current proposals, however, require synchrony assumptions to preserve the safety of a channel, leaking to an adversary the exact amount of time needed to control the network for a successful attack. In this paper, we introduce Brick, the first payment channel that remains secure under network asynchrony and concurrently provides correct incentives. The core idea is to incorporate the conflict resolution process within the channel by introducing a rational committee of external parties, called Wardens. Hence, if a party wants to close a channel unilaterally, it can only get the committee's approval for the last valid state. Brick provides sub-second latency because it does not employ heavy-weight consensus. Instead, Brick uses consistent broadcast to announce updates and close the channel, a light-weight abstraction that is powerful enough to preserve safety and liveness to any rational parties. Furthermore, we consider permissioned blockchains, where the additional property of auditability might be desired for regulatory purposes. We introduce Brick+, an off-chain construction that provides auditability on top of Brick without conflicting with its privacy guarantees. We formally define the properties our payment channel construction should fulfill, and prove that both Brick and Brick+ satisfy them. We also design incentives for Brick such that honest and rational behavior aligns. Finally, we provide a reference implementation of the smart contracts in Solidity.

Open access
cs.DC
cs.CR
Original source
May 27, 2019·IEEE/ACM Transactions on Networking
169 cites
Direct Acyclic Graph-Based Ledger for Internet of Things: Performance and Security Analysis

Yixin Li, Bin Cao, Mugen Peng, Long Zhang · 7 authors

Direct Acyclic Graph (DAG)-based ledger and the corresponding consensus algorithm has been identified as a promising technology for Internet of Things (IoT). Compared with Proof-of-Work (PoW) and Proof-of-Stake (PoS) that have been widely used in blockchain, the consensus mechanism designed on DAG structure (simply called as DAG consensus) can overcome some shortcomings such as high resource consumption, high transaction fee, low transaction throughput and long confirmation delay. However, the theoretic analysis on the DAG consensus is an untapped venue to be explored. To this end, based on one of the most typical DAG consensuses, Tangle, we investigate the impact of network load on the performance and security of the DAG-based ledger. Considering unsteady network load, we first propose a Markov chain model to capture the behavior of DAG consensus process under dynamic load conditions. The key performance metrics, i.e., cumulative weight and confirmation delay are analysed based on the proposed model. Then, we leverage a stochastic model to analyse the probability of a successful double-spending attack in different network load regimes. The results can provide an insightful understanding of DAG consensus process, e.g., how the network load affects the confirmation delay and the probability of a successful attack. Meanwhile, we also demonstrate the trade-off between security level and confirmation delay, which can act as a guidance for practical deployment of DAG-based ledgers.

Open access
2 source records
Blockchain Technology Applications and Security
Software-Defined Networks and 5G
Distributed systems and fault tolerance
Original source
May 26, 2019·Journal of Parallel and Distributed Computing, Volume 147, January 2021, pages 77-86
53 cites
FPC-BI: Fast Probabilistic Consensus within Byzantine Infrastructures

Serguei Popov, William J. Buchanan

This paper presents a novel leaderless protocol (FPC-BI: Fast Probabilistic Consensus within Byzantine Infrastructures) with a low communicational complexity and which allows a set of nodes to come to a consensus on a value of a single bit. The paper makes the assumption that part of the nodes are Byzantine, and are thus controlled by an adversary who intends to either delay the consensus, or break it (this defines that at least a couple of honest nodes come to different conclusions). We prove that, nevertheless, the protocol works with high probability when its parameters are suitably chosen. Along this the paper also provides explicit estimates on the probability that the protocol finalizes in the consensus state in a given time. This protocol could be applied to reaching consensus in decentralized cryptocurrency systems. A special feature of it is that it makes use of a sequence of random numbers which are either provided by a trusted source or generated by the nodes themselves using some decentralized random number generating protocol. This increases the overall trustworthiness of the infrastructure. A core contribution of the paper is that it uses a very weak consensus to obtain a strong consensus on the value of a bit, and which can relate to the validity of a transaction.

Open access
2 source records
cs.DC
math.PR
Distributed systems and fault tolerance
Original source
May 24, 2019·Cluster Computing
28 cites
Compress-Store on Blockchain: A Decentralized Data Processing and Immutable Storage for Multimedia Streaming

Åžuayb S. Arslan, Turguy Goker

Decentralization for data storage is a challenging problem for blockchain-based solutions as the blocksize plays the key role for scalability. In addition, specific requirements of multimedia data calls for various changes in the blockchain technology internals. Considering one of the most popular applications of secure multimedia streaming, i.e., video surveillance, it is not clear how to judiciously encode incentivization, immutability and compression into a viable ecosystem. In this study, we provide a genuine scheme that achieves this encoding for a video surveillance application. The proposed scheme provides a novel integration of data compression, immutable off-chain data storage using a new consensus protocol namely, Proof-of-WorkStore (PoWS) in order to enable fully useful work to be performed by the miner nodes of the network. The proposed idea is the first step towards achieving greener application of blockchain-based environment to the video storage business that utilizes system resources efficiently.

Open access
2 source records
cs.DC
Blockchain Technology Applications and Security
Advanced Steganography and Watermarking Techniques
Original source
May 24, 2019·arXiv
0 cites
Atomic Cross-Chain Swaps with Improved Space and Local Time Complexity

Soichiro Imoto, Yuichi Sudo, Hirotsugu Kakugawa, Toshimitsu Masuzawa

An effective atomic cross-chain swap protocol is introduced by Herlihy [Herlihy, 2018] as a distributed coordination protocol in order to exchange assets across multiple blockchains among multiple parties. An atomic cross-chain swap protocol guarantees; (1) if all parties conform to the protocol, then all assets are exchanged among parties, (2) even if some parties or coalitions of parties deviate from the protocol, no party conforming to the protocol suffers a loss, and (3) no coalition has an incentive to deviate from the protocol. Herlihy [Herlihy, 2018] invented this protocol by using hashed timelock contracts. A cross-chain swap is modeled as a directed graph D = (V,A). Vertex set V denotes a set of parties and arc set A denotes a set of proposed asset transfers. Herlihy's protocol uses the graph topology and signature information to set appropriate hashed timelock contracts. The space complexity of the protocol (i.e., the total number of bits written in the blockchains in a swap) is O(|A|^2). The local time complexity of the protocol (i.e., the maximum execution time of a contract in a swap to transfer the corresponding asset) is O(|V||L|), where L is a feedback vertex set computed by the protocol. We propose a new atomic cross-chain swap protocol which uses only signature information and improves the space complexity to O(|A||V|) and the local time complexity to O(|V|).

Open access
cs.DC
Original source
May 23, 2019·DROPS (Schloss Dagstuhl – Leibniz Center for Informatics)
86 cites
Cross-chain deals and adversarial commerce

Maurice Herlihy, Barbara Liskov, Liuba Shrira

Abstract Modern distributed data management systems face a new challenge: how can autonomous, mutually distrusting parties cooperate safely and effectively? Addressing this challenge brings up familiar questions from classical distributed systems: how to combine multiple steps into a single atomic action, how to recover from failures, and how to synchronize concurrent access to data. Nevertheless, each of these issues requires rethinking when participants are autonomous and potentially adversarial. We propose the notion of a cross-chain deal , a new way to structure complex distributed computations that manage assets in an adversarial setting. Deals are inspired by classical atomic transactions, but are necessarily different, in important ways, to accommodate the decentralized and untrusting nature of the exchange. We describe novel safety and liveness properties, along with two alternative protocols for implementing cross-chain deals in a system of independent blockchain ledgers. One protocol, based on synchronous communication, is fully decentralized, while the other, based on semi-synchronous communication, requires a globally shared ledger. We also prove that some degree of centralization is required in the semi-synchronous communication model.

Open access
4 source records
Blockchain Technology Applications and Security
Distributed systems and fault tolerance
Cryptography and Data Security
Original source
May 23, 2019·arXiv (Cornell University)
25 cites
StrongChain: Transparent and Collaborative Proof-of-Work Consensus

Paweł Szałachowski, Daniël Reijsbergen, Ivan Homoliak, Siwei Sun

Bitcoin is the most successful cryptocurrency so far. This is mainly due to its novel consensus algorithm, which is based on proof-of-work combined with a cryptographically-protected data structure and a rewarding scheme that incentivizes nodes to participate. However, despite its unprecedented success Bitcoin suffers from many inefficiencies. For instance, Bitcoin's consensus mechanism has been proved to be incentive-incompatible, its high reward variance causes centralization, and its hardcoded deflation raises questions about its long-term sustainability. In this work, we revise the Bitcoin consensus mechanism by proposing StrongChain, a scheme that introduces transparency and incentivizes participants to collaborate rather than to compete. The core design of our protocol is to reflect and utilize the computing power aggregated on the blockchain which is invisible and "wasted" in Bitcoin today. Introducing relatively easy, although important changes to Bitcoin's design enables us to improve many crucial aspects of Bitcoin-like cryptocurrencies making it more secure, efficient, and profitable for participants. We thoroughly analyze our approach and we present an implementation of StrongChain. The obtained results confirm its efficiency, security, and deployability.

Open access
2 source records
cs.CR
cs.DC
Blockchain Technology Applications and Security
Original source
May 22, 2019·arXiv (Cornell University)
10 cites
Towards Global Asset Management in Blockchain Systems

Victor Zakhary, Mohammad Javad Amiri, Sujaya Maiyya, Divyakant Agrawal · 5 authors

Permissionless blockchains (e.g., Bitcoin, Ethereum, etc) have shown a wide success in implementing global scale peer-to-peer cryptocurrency systems. In such blockchains, new currency units are generated through the mining process and are used in addition to transaction fees to incentivize miners to maintain the blockchain. Although it is clear how currency units are generated and transacted on, it is unclear how to use the infrastructure of permissionless blockchains to manage other assets than the blockchain's currency units (e.g., cars, houses, etc). In this paper, we propose a global asset management system by unifying permissioned and permissionless blockchains. A governmental permissioned blockchain authenticates the registration of end-user assets through smart contract deployments on a permissionless blockchain. Afterwards, end-users can transact on their assets through smart contract function calls (e.g., sell a car, rent a room in a house, etc). In return, end-users get paid in currency units of the same blockchain or other blockchains through atomic cross-chain transactions and governmental offices receive taxes on these transactions in cryptocurrency units.

Open access
2 source records
cs.DB
cs.CR
cs.DC
Original source
May 20, 2019·arXiv (Cornell University)
6 cites
Privacy-Preserving P2P Energy Market on the Blockchain

Alain Brenzikofer, Noa Melchior

Quartierstrom creates a peer-to-peer marketplace for locally generated solar power. The marketplace is implemented as a smart contract on a permissioned blockchain governed by all prosumers. Two privacy-by-design concepts are presented which guarantee that the users individual load profile is not leaked to any third party despite using a blockchain. The first approach leverages UTXO based coin mixing protocols in combination with an account-based on-chain smart contract. The second approach relies on an off-chain smart contract running in trusted execution environments.

Open access
2 source records
cs.CR
cs.DC
Blockchain Technology Applications and Security
Original source
May 17, 2019·arXiv (Cornell University)
9 cites
Concurrency Protocol Aiming at High Performance of Execution and Replay for Smart Contracts

Shuaifeng Pang, Xiaodong Qi, Zhao Zhang, Cheqing Jin · 5 authors

Although the emergence of the programmable smart contract makes blockchain systems easily embrace a wider range of industrial areas, how to execute smart contracts efficiently becomes a big challenge nowadays. Due to the existence of Byzantine nodes, the mechanism of executing smart contracts is quite different from that in database systems, so that existing successful concurrency control protocols in database systems cannot be employed directly. Moreover, even though smart contract execution follows a two-phase style, i.e, the miner node executes a batch of smart contracts in the first phase and the validators replay them in the second phase, existing parallel solutions only focus on the optimization in the first phase, but not including the second phase. In this paper, we propose a novel efficient concurrency control scheme which is the first one to do optimization in both phases. Specifically, (i) in the first phase, we give a variant of OCC (Optimistic Concurrency Control) protocol based on {\em batching} feature to improve the concurrent execution efficiency for the miner and produce a schedule log with high parallelism for validators. Also, a graph partition algorithm is devised to divide the original schedule log into small pieces and further reduce the communication cost; and (ii) in the second phase, we give a deterministic OCC protocol to replay all smart contracts efficiently on multi-core validators where all cores can replay smart contracts independently. Theoretical analysis and extensive experimental results illustrate that the proposed scheme outperforms state-of-art solutions significantly.

Open access
2 source records
Distributed systems and fault tolerance
Blockchain Technology Applications and Security
Advanced Data Storage Technologies
Original source
May 16, 2019·arXiv (Cornell University)
9 cites
Blockchain Goes Green? An Analysis of Blockchain on Low-Power Nodes

Dumitrel Loghin, Gang Chen, Tien Tuan Anh Dinh, Beng Chin Ooi · 5 authors

Motivated by the massive energy usage of blockchain, on the one hand, and by significant performance improvements in low-power, wimpy systems, on the other hand, we perform an in-depth time-energy analysis of blockchain systems on low-power nodes in comparison to high-performance nodes. We use three low-power systems to represent a wide range of the performance-power spectrum, while covering both x86/64 and ARM architectures. We show that low-end wimpy nodes are struggling to run full-fledged blockchains mainly due to their small and low-bandwidth memory. On the other hand, wimpy systems with balanced performance-to-power ratio achieve reasonable performance while saving significant amounts of energy. For example, Jetson TX2 nodes achieve around 80% and 30% of the throughput of Parity and Hyperledger, respectively, while using 18x and 23x less energy compared to traditional brawny servers with Intel Xeon CPU.

Open access
2 source records
cs.DC
cs.DB
cs.ET
Original source
May 15, 2019·arXiv
0 cites
TAPESTRY: A Blockchain based Service for Trusted Interaction Online

Yifan Yang, Daniel Cooper, John Collomosse, Constantin C. Drăgan · 10 authors

We present a novel blockchain based service for proving the provenance of online digital identity, exposed as an assistive tool to help non-expert users make better decisions about whom to trust online. Our service harnesses the digital personhood (DP); the longitudinal and multi-modal signals created through users' lifelong digital interactions, as a basis for evidencing the provenance of identity. We describe how users may exchange trust evidence derived from their DP, in a granular and privacy-preserving manner, with other users in order to demonstrate coherence and longevity in their behaviour online. This is enabled through a novel secure infrastructure combining hybrid on- and off-chain storage combined with deep learning for DP analytics and visualization. We show how our tools enable users to make more effective decisions on whether to trust unknown third parties online, and also to spot behavioural deviations in their own social media footprints indicative of account hijacking.

Open access
cs.CR
cs.DC
Original source
May 15, 2019·IEEE Network
341 cites
When Internet of Things Meets Blockchain: Challenges in Distributed Consensus

Bin Cao, Yixin Li, Lei Zhang, Long Zhang · 7 authors

Blockchain has been regarded as a promising technology for Internet of Things (IoT), since it provides significant solutions for decentralized network which can address trust and security concerns, high maintenance cost problem, etc. The decentralization provided by blockchain can be largely attributed to the use of consensus mechanism, which enables peer-to-peer trading in a distributed manner without the involvement of any third party. This article starts from introducing the basic concept of blockchain and illustrating why consensus mechanism plays an indispensable role in a blockchain enabled IoT system. Then, we discuss the main ideas of two famous consensus mechanisms including Proof of Work (PoW) and Proof of Stake (PoS), and list their limitations in IoT. Next, two mainstream Direct Acyclic Graph (DAG) based consensus mechanisms, i.e., the Tangle and Hashgraph, are reviewed to show why DAG consensus is more suitable for IoT system than PoW and PoS. Potential issues and challenges of DAG based consensus mechanism to be addressed in the future are discussed in the last.

Open access
2 source records
Blockchain Technology Applications and Security
IoT and Edge/Fog Computing
Caching and Content Delivery
Original source
May 13, 2019·arXiv
0 cites
ONLAY: Online Layering for scalable asynchronous BFT system

Quan Nguyen, Andre Cronje

This paper presents a new framework, namely \emph{\onlay}, for scalable asynchronous distributed systems. In this framework, we propose a consensus protocol $L_φ$, which is based on the Lachesis protocol~\cite{lachesis01}. At the core of $L_φ$ protocol, it introduces to use layering algorithm to achieve practical Byzantine fault tolerance (pBFT) in leaderless asynchronous Directed Acyclic Graph (DAG). Further, we present new online layering algorithms for the evolutionary DAGs across the nodes. Our new protocol achieves determistic scalable consensus in asynchronous pBFT by using assigned layers and asynchronous partially ordered sets with logical time ordering instead of blockchains. The partial ordering produced by $L_φ$ is flexible but consistent across the distributed system of nodes. We then present the formal model of our layering-based consensus. The model is generalized that can be applied to abstract asynchronous DAG-based distributed systems.

Open access
cs.DC
Original source
May 12, 2019·arXiv
0 cites
NFTracer: A Non-Fungible Token Tracking Proof-of-Concept Using Hyperledger Fabric

Mustafa Bal, Caitlin Ner

Various start-up developers and academic researchers have investigated the usage of blockchain as a data storage medium due to the advantages offered by its tamper-proof and decentralized nature. However, there have not been many attempts to provide a standard platform for virtually storing the states of unique tangible entities and their subsequent modifications. In this paper, we propose NFTracer, a non-fungible token tracking proof-of-concept based on Hyperledger Composer and Hyperledger Fabric Blockchain. To achieve the capabilities of our platform, we use NFTracer to build an artwork auction and a real estate auction, which vary in technical complexity and demonstrate the advantages of being able to track entities and their resulting modifications in a decentralized manner. We also present its accompanying modular architecture and system components, and discuss possible future works on NFTracer.

Open access
cs.DB
cs.DC
Original source
May 9, 2019·arXiv
0 cites
Charlotte: Composable Authenticated Distributed Data Structures, Technical Report

Isaac Sheff, Xinwen Wang, Haobin Ni, Robbert van Renesse · 5 authors

We present Charlotte, a framework for composable, authenticated distributed data structures. Charlotte data is stored in blocks that reference each other by hash. Together, all Charlotte blocks form a directed acyclic graph, the blockweb; all observers and applications use subgraphs of the blockweb for their own data structures. Unlike prior systems, Charlotte data structures are composable: applications and data structures can operate fully independently when possible, and share blocks when desired. To support this composability, we define a language-independent format for Charlotte blocks and a network API for Charlotte servers. An authenticated distributed data structure guarantees that data is immutable and self-authenticating: data referenced will be unchanged when it is retrieved. Charlotte extends these guarantees by allowing applications to plug in their own mechanisms for ensuring availability and integrity of data structures. Unlike most traditional distributed systems, including distributed databases, blockchains, and distributed hash tables, Charlotte supports heterogeneous trust: different observers may have their own beliefs about who might fail, and how. Despite heterogeneity of trust, Charlotte presents each observer with a consistent, available view of data. We demonstrate the flexibility of Charlotte by implementing a variety of integrity mechanisms, including consensus and proof of work. We study the power of disentangling availability and integrity mechanisms by building a variety of applications. The results from these examples suggest that developers can use Charlotte to build flexible, fast, composable applications with strong guarantees.

Open access
cs.DC
cs.CR
Original source
May 9, 2019·arXiv
0 cites
Analysis of Committee Selection Mechanism in Blockchain

Shiyu Cai

The Committee Selection Mechanism can select multiple users of blockchain network to execute a consensus algorithm, such as PBFT. In order to guarantee two properties, the mathematical form of the mechanism is relatively limited. Further, if the mechanism is used in open network, it will bring about an increase in efficiency, but it will reduce the security and practicability of the blockchain network.

Open access
cs.DC
Original source
May 8, 2019·Proceedings of the VLDB Endowment
67 cites
Atomic commitment across blockchains

Victor Zakhary, Divyakant Agrawal, Amr El Abbadi

The recent adoption of blockchain technologies and open permissionless networks suggest the importance of peer-to-peer atomic cross-chain transaction protocols. Users should be able to atomically exchange tokens and assets without depending on centralized intermediaries such as exchanges. Recent peer-to-peer atomic cross-chain swap protocols use hashlocks and timelocks to ensure that participants comply to the protocol. However, an expired timelock could lead to a violation of the all-or-nothing atomicity property. An honest participant who fails to execute a smart contract on time due to a crash failure, denial of service attacks or even network delays might end up losing assets. Although a crashed participant is the only participant who ends up worse off, current proposals are unsuitable for atomic cross-chain transactions in asynchronous environments where crash failures and network delays are the norm. In this paper, we present AC 3 WN, the first decentralized all-or-nothing atomic cross-chain commitment protocol. The redeem and refund events of the smart contracts that exchange assets are modeled as conflicting events. An open permissionless network of witnesses is used to guarantee that conflicting events could never simultaneously occur and either all smart contracts in an atomic cross-chain transaction are redeemed or all of them are refunded.

Open access
2 source records
Distributed systems and fault tolerance
Blockchain Technology Applications and Security
Cloud Computing and Resource Management
Original source
Apr 29, 2019·arXiv
19 cites
Agent-Based Simulations of Blockchain protocols illustrated via Kadena's Chainweb

Tarun Chitra, Monica Quaintance, Stuart Haber, Will Martino

While many distributed consensus protocols provide robust liveness and consistency guarantees under the presence of malicious actors, quantitative estimates of how economic incentives affect security are few and far between. In this paper, we describe a system for simulating how adversarial agents, both economically rational and Byzantine, interact with a blockchain protocol. This system provides statistical estimates for the economic difficulty of an attack and how the presence of certain actors influences protocol-level statistics, such as the expected time to regain liveness. This simulation system is influenced by the design of algorithmic trading and reinforcement learning systems that use explicit modeling of an agent's reward mechanism to evaluate and optimize a fully autonomous agent. We implement and apply this simulation framework to Kadena's Chainweb, a parallelized Proof-of-Work system, that contains complexity in how miner incentive compliance affects security and censorship resistance. We provide the first formal description of Chainweb that is in the literature and use this formal description to motivate our simulation design. Our simulation results include a phase transition in block height growth rate as a function of shard connectivity and empirical evidence that censorship in Chainweb is too costly for rational miners to engage in. We conclude with an outlook on how simulation can guide and optimize protocol development in a variety of contexts, including Proof-of-Stake parameter optimization and peer-to-peer networking design.

Open access
2 source records
cs.CR
cs.DC
cs.MA
Original source
Apr 29, 2019·arXiv
0 cites
Is Stellar As Secure As You Think?

Minjeong Kim, Yujin Kwon, Yongdae Kim

Stellar is one of the top ten cryptocurrencies in terms of market capitalization. It adopts a variant of Byzantine fault tolerance (BFT), named federated Byzantine agreement (FBA), which generalizes the traditional BFT algorithm to make it more suitable for open-membership blockchains. To this end, FBA introduces a quorum slice concept, which consists of a set of nodes. In FBA, a node can complete one consensus round when it receives specific messages from nodes in a quorum slice appointed by the node. In this study, we analyze FBA, whose security is highly dependent on the structure of quorum slices, and demonstrate that it is not superior to the traditional BFT algorithm in terms of safety and liveness. Then, to analyze the security of the Stellar consensus protocol (SCP), which is a construction for FBA, we investigate the current quorum slices in Stellar. We analyze the structure of quorum slices and measure the influence of each node quantitatively using two metrics, PageRank (PR) and the newly proposed NodeRank (NR). The results show that the Stellar system is significantly centralized. Thereafter, to determine how the centralized structure can have a negative impact on the Stellar system, we study the cascading failure caused by deleting only a few nodes (i.e., validators) in Stellar. We show that all of the nodes in Stellar cannot run SCP if only two nodes fail. To make matters worse, these two nodes are run and controlled by a single organization, the Stellar foundation.

Open access
cs.DC
cs.CY
Original source
Apr 29, 2019·The 3rd International Workshop on Integrating Edge Computing, Caching, and Offloading in Next Generation Networks (INFOCOM workshop IECCO 2019), At Paris, France
14 cites
EdgeToll: A Blockchain-based Toll Collection System for Public Sharing of Heterogeneous Edges

Bo-Wen Xiao, Xiaoyi Fan, Sheng Gao, Wei Cai

Edge computing is a novel paradigm designed to improve the quality of service for latency sensitive cloud applications. However, the state-of-the-art edge services are designed for specific applications, which are isolated from each other. To better improve the utilization level of edge nodes, public resource sharing among edges from distinct service providers should be encouraged economically. In this work, we employ the payment channel techniques to design and implement EdgeToll, a blockchain-based toll collection system for heterogeneous public edge sharing. Test-bed has been developed to validate the proposal and preliminary experiments have been conducted to demonstrate the time and cost efficiency of the system.

Open access
2 source records
cs.DC
Blockchain Technology Applications and Security
IoT and Edge/Fog Computing
Original source