34 results sorted by ID
Efficient Execution Auditing for Blockchains under Byzantine Assumptions
Jeff Burdges, Alfonso Cevallos, Handan Kılınç Alper, Chen-Da Liu-Zhang, Fatemeh Shirazi, Alistair Stewart, Rob Habermeier, Robert Klotzner, Andronik Ordian
Cryptographic protocols
Security of blockchain technologies primarily relies on decentralization making them resilient against a subset of entities being taken down or corrupt. Blockchain scaling, crucial to decentralisation, has been addressed by architectural changes: i.e., the load of the nodes is reduced by parallelisation, called sharding or by taking computation load off the main blockchain via rollups. Both sharding and rollups have limitations in terms of decentralization and security.
A crucial component...
A Two-Layer Blockchain Sharding Protocol Leveraging Safety and Liveness for Enhanced Performance
Yibin Xu, Jingyi Zheng, Boris Düdder, Tijs Slaats, Yongluan Zhou
Cryptographic protocols
Sharding is a critical technique that enhances the scalability of blockchain technology. However, existing protocols often assume adversarial nodes in a general term without considering the different types of attacks, which limits transaction throughput at runtime because attacks on liveness could be mitigated. There have been attempts to increase transaction throughput by separately handling the attacks; however, they have security vulnerabilities. This paper introduces Reticulum, a novel...
Kronos: A Secure and Generic Sharding Blockchain Consensus with Optimized Overhead
Yizhong Liu, Andi Liu, Yuan Lu, Zhuocheng Pan, Yinuo Li, Jianwei Liu, Song Bian, Mauro Conti
Cryptographic protocols
Sharding enhances blockchain scalability by dividing the network into shards, each managing specific unspent transaction outputs or accounts. As an introduced new transaction type, cross-shard transactions pose a critical challenge to the security and efficiency of sharding blockchains. Currently, there is a lack of a generic sharding blockchain consensus pattern that achieves both security and low overhead.
In this paper, we present Kronos, a secure sharding blockchain consensus...
Bitcoin Clique: Channel-free Off-chain Payments using Two-Shot Adaptor Signatures
Siavash Riahi, Orfeas Stefanos Thyfronitis Litos
Cryptographic protocols
Blockchains suffer from scalability limitations, both in terms of latency and throughput. Various approaches to alleviate this have been proposed, most prominent of which are payment and state channels, sidechains, commit-chains, rollups, and sharding. This work puts forth a novel commit-chain protocol, Bitcoin Clique. It is the first trustless commit-chain that is compatible with all major blockchains, including (an upcoming version of) Bitcoin.
Clique enables a pool of users to pay each...
IGD-ScoreChain: A Lightweight and Scalable Blockchain Based on Node Sharding for the Internet of Things
Elnaz Mehraein, Reza Nourmohammadi
Applications
Due to the significant development of the intelligence industry worldwide, various initiatives have increasingly recognized the value of the Internet of Things (IoT). IoT systems, however, are often hin- dered by fundamental challenges, such as the need for a central server to manage them. Decentralizing these systems can be achieved through the use of blockchains. Recently, there has been an increase in the popularity of blockchain in various fields, such as banking, IoT, and the...
Private Balance-Checking on Blockchain Accounts Using Private Integer Addition
Birenjith Sasidharan, Emanuele Viterbo
Cryptographic protocols
A transaction record in a sharded blockchain can be represented as a two-dimensional array of integers with row-index associated to an account, column-index to a shard and the entry to the transaction amount. In a blockchain-based cryptocurrency system with coded sharding, a transaction record of a given epoch of time is encoded using a block code considering the entries as finite-field symbols. Each column of the resultant coded array is then stored in a server. In the particular case of...
Instachain: Breaking the Sharding Limits via Adjustable Quorums
Mustafa Safa Ozdayi, Yue Guo, Mahdi Zamani
Cryptographic protocols
Sharding is a key approach to scaling the performance of on-chain transactions: the network is randomly partitioned into smaller groups of validator nodes, known as \textit{shards}, each growing a disjoint ledger of transactions via state-machine replication (SMR) in parallel to other shards. As SMR protocols typically incur a quadratic message complexity in the network size, shards can process transactions significantly faster than the entire network. On the downside, shards cannot be made...
Zef: Low-latency, Scalable, Private Payments
Mathieu Baudet, Alberto Sonnino, Mahimna Kelkar, George Danezis
Cryptographic protocols
We introduce Zef, the first Byzantine-Fault Tolerant (BFT) protocol to support payments in anonymous digital coins at arbitrary scale. Zef follows the communication and security model of FastPay: both protocols are asynchronous, low-latency, linearly-scalable, and powered by partially-trusted sharded authorities. In contrast with FastPay, user accounts in Zef are uniquely-identified and safely removable. Zef coins are bound to an account by a digital certificate and otherwise stored...
Information Dispersal with Provable Retrievability for Rollups
Kamilla Nazirkhanova, Joachim Neu, David Tse
Cryptographic protocols
The ability to verifiably retrieve transaction or state data stored off-chain is crucial to blockchain scaling techniques such as rollups or sharding. We formalize the problem and design a storage- and communication-efficient protocol using linear erasure-correcting codes and homomorphic vector commitments. Motivated by application requirements for rollups, our solution Semi-AVID-PR departs from earlier Verifiable Information Dispersal schemes in that we do not require comprehensive...
On the Security and Performance of Blockchain Sharding
Runchao Han, Jiangshan Yu, Haoyu Lin, Shiping Chen, Paulo Esteves-Veríssimo
Cryptographic protocols
In this paper, we perform a comprehensive evaluation on blockchain sharding protocols. We deconstruct the blockchain sharding protocol into four foundational layers with orthogonal functionalities, securing some properties. We evaluate each layer of seven state-of-the-art blockchain sharding protocols, and identify a considerable number of new attacks, questionable design trade-offs and some open challenges. The layered evaluation allows us to unveil security and performance problems arising...
RepShard: Reputation-based Sharding Scheme Achieves Linearly Scaling Efficiency and Security Simultaneously
Gang Wang
Applications
Sharding technology is becoming a promising candidate to address the scalability issues in blockchain. The key concept behind sharding technology is to partition the network status into multiple distinct smaller committees, each of which handles a disjoint set of transactions to leverage its capability of parallel processing. However, when introducing sharding technology to blockchain, several key challenges need to be resolved, such as security and heterogeneity among the participating...
RandChain: Practical Scalable Decentralized Randomness Attested by Blockchain
Gang Wang, Mark Nixon
Implementation
Reliable and verifiable public randomness is not only an essential building block in various cryptographic primitives, but also is a critical component in many distributed and decentralized protocols, e.g., blockchain sharding. A 'good' randomness generator should preserve several distinctive properties, such as public-verifiability, bias-resistance, unpredictability, and availability. However, it is a challenging task to generate such good randomness. For instance, a dishonest party may...
GearBox: Optimal-size Shard Committees by Leveraging the Safety-Liveness Dichotomy
Bernardo David, Bernardo Magri, Christian Matt, Jesper Buus Nielsen, Daniel Tschudi
Cryptographic protocols
Sharding is an emerging technique to overcome scalability issues on blockchain based public ledgers. Without sharding, every node in the network has to listen to and process all ledger protocol messages. The basic idea of sharding is to parallelize the ledger protocol: the nodes are divided into smaller subsets that each take care of a fraction of the original load by executing lighter instances of the ledger protocol, also called shards. The smaller the shards, the higher the efficiency, as...
Arguments of Knowledge via hidden order groups
Steve Thakur
Cryptographic protocols
We study non-interactive arguments of knowledge (AoKs) for commitments in groups of hidden order. We provide protocols whereby a Prover can demonstrate certain properties of and relations between committed sets/multisets, with succinct proofs that are publicly verifiable against the constant-sized commitments. In particular, we provide AoKs for the disjointness of committed sets/multisets in cryptographic accumulators, with a view toward applications to verifiably outsourcing data storage...
Load Balancing for Sharded Blockchains
Naoya Okanami, Ryuya Nakamura, Takashi Nishide
Applications
Sharding is an approach to designing a highly scalable blockchain. A sharded blockchain achieves parallelism by dividing consensus nodes (validators) into groups called shards and making them process different transactions in each shard. In this paper, we economically analyze users’ behavior on sharded blockchains and identify a phenomenon that users’ accounts and smart contracts eventually get concentrated in a few shards, making shard loads unfair. This phenomenon leads to bad user...
Analysing and Improving Shard Allocation Protocols for Sharded Blockchains
Runchao Han, Jiangshan Yu, Ren Zhang
Cryptographic protocols
Sharding is a promising approach to scale permissionless blockchains. In a sharded blockchain, participants are split into groups, called shards, and each shard only executes part of the workloads. Despite its wide adoption in permissioned systems, transferring such success to permissionless blockchains is still an open problem. In permissionless networks, participants may join and leave the system at any time, making load balancing challenging. In addition, the adversary in such networks...
Overview of Polkadot and its Design Considerations
Jeff Burdges, Alfonso Cevallos, Peter Czaban, Rob Habermeier, Syed Hosseini, Fabio Lama, Handan Kilinc Alper, Ximin Luo, Fatemeh Shirazi, Alistair Stewart, Gavin Wood
Cryptographic protocols
In this paper we describe the design components of the heterogenous multi-chain protocol Polkadot and explain how these components help Polkadot address some of the existing shortcomings of blockchain technologies.
At present, a vast number of blockchain projects have been introduced and employed with various features that are not necessarily designed to work with each other. This makes it difficult for users to utilise a large number of applications on different blockchain projects....
JaxNet: Scalable Blockchain Network
Iurii Shyshatsky, Vinod Manoharan, Taras Emelyanenko, Lucas Leger
Cryptographic protocols
Today’s world is organized based on merit and value. A single global currency that’s decentralized is needed for a global economy. Bitcoin is a partial solution to this need, however it suffers from scalability problems which prevent it from being mass-adopted. Also, the deflationary nature of bitcoin motivates people to hoard and speculate on them instead of using them for day to day transactions. We propose a scalable, decentralized cryptocurrency that is based on Proof of Work. The...
2020/421
Last updated: 2023-02-03
Multichain-MWPoW: A $p/2$ Adversary Power Resistant Blockchain Sharding Approach to a Decentralised Autonomous Organisation Architecture
Yibin Xu, Yangyu Huang, Jianhua Shao, George Theodorakopoulos
Cryptographic protocols
Blockchain Sharding is a blockchain performance enhancement approach. By splitting a blockchain into several parallel-run committees (shards), it helps increase transaction throughput, reduce resources required, and increase reward expectation for participants. Recently, several flexible sharding methods that can tolerate up to $n/2$ Byzantine nodes ($n/2$ security level) have been proposed. However, these methods suffer from two main drawbacks. First, in a non-sharding blockchain, nodes can...
Anchoring the Value of Cryptocurrency
Yibin Xu, Yangyu Huang, Jianhua Shao
Implementation
A decade long thrive of cryptocurrency has shown its potential as a source of alternative-finance and the security and the robustness of the underpinning blockchain technology.
However, most cryptocurrencies fail to show inimitability and their meanings in the real world. As a result, they usually start off as favourites but quickly become the outcasts of the digital asset market.
The blockchain society attempts to anchor the value of cryptocurrency with real values by employing smart...
An n/2 byzantine node tolerated blockchain sharding approach
Yibin Xu, Yangyu Huang
Cryptographic protocols
Traditional Blockchain Sharding approaches can only tolerate up to n/3 of nodes being adversary because they rely on the hypergeometric distribution to make a failure (an adversary does not have n/3 of nodes globally but can manipulate the consensus of a Shard) hard to happen. The system must maintain a large Shard size (the number of nodes inside a Shard) to sustain the low failure probability so that only a small number of Shards may exist. In this paper, we present a new approach of...
A Flexible n/2 Adversary Node Resistant and Halting Recoverable Blockchain Sharding Protocol
Yibin Xu, Yangyu Huang, Jianhua Shao, George Theodorakopoulos
Cryptographic protocols
Blockchain sharding is a promising approach to solving the dilemma between decentralisation and high performance (transaction throughput) for blockchain. The main challenge of Blockchain sharding systems is how to reach a decision on a statement among a sub-group (shard) of people while ensuring the whole population recognises this statement. Namely, the challenge is to prevent an adversary who does not have the majority of nodes globally but have the majority of nodes inside a shard. Most...
HIBEChain: A Hierarchical Identity-based Blockchain System for Large-Scale IoT
Zhiguo Wan, Wei Liu, Hui Cui
Applications
Internet-of-Things enables interconnection of billions of devices, which perform autonomous operations
and collect various types of data. These things, along with their generated huge amount of data, need to be handled efficiently and securely. Centralized solutions are not desired due to security concerns and scalability issue.
In this paper, we propose HIBEChain, a hierarchical blockchain system that realizes scalable and accountable management of IoT devices and data. HIBEChain consists...
SoK: Sharding on Blockchain
Gang Wang, Zhijie Jerry Shi, Mark Nixon, Song Han
Foundations
Blockchain is a distributed and decentralized ledger for recording transactions. It is maintained and shared among the participating nodes by utilizing cryptographic primitives. A consensus protocol ensures that all nodes agree on a unique order in which records are appended. However, current blockchain solutions are facing scalability issues. Many methods, such as Off-chain and Directed Acyclic Graph (DAG) solutions, have been proposed to address the issue. However, they have inherent...
Lever: Breaking the Shackles of Scalable On-chain Validation
Mingming Wang, Qianhong Wu
Cryptographic protocols
Blockchain brings dawn to decentralized applications which coordinate correct computations without a prior trust. However, existing scalable on-chain frameworks are incompetent in dealing with intensive validation. On the one hand, duplicated execution pattern leads to limited throughput and unacceptable expenses. On the other hand, there lack fair and secure incentive mechanisms allocating rewards according to the actual workload of validators, thus deriving bad dilemmas among rational...
SoK: Communication Across Distributed Ledgers
Alexei Zamyatin, Mustafa Al-Bassam, Dionysis Zindros, Eleftherios Kokoris-Kogias, Pedro Moreno-Sanchez, Aggelos Kiayias, William J. Knottenbelt
Cryptographic protocols
Since the inception of Bitcoin, a plethora of distributed ledgers differing in design and purpose has been created. While by design, blockchains provide no means to securely communicate with external systems, numerous attempts towards trustless cross-chain communication have been proposed over the years. Today, cross-chain communication (CCC) plays a fundamental role in cryptocurrency exchanges, scalability efforts via sharding, extension of existing systems through sidechains, and...
Robust and Scalable Consensus for Sharded Distributed Ledgers
Eleftherios Kokoris-Kogias
Applications
ByzCoin, a promising alternative of Bitcoin, is a scalable consensus protocol used as a building block of many research and enterprise-level decentralized systems. In this paper, we show that ByzCoin is unsuitable for deployment in an anopen, adversarial network and instead introduceMOTOR. MOTORis designed as a secure, robust, and scalable consensus suitable for permissionless sharded blockchains. MOTORachieves these properties by making four key design choices: (a) it prioritizes robustness...
Monoxide: Scale Out Blockchain with Asynchronous Consensus Zones
Jiaping Wang, Hao Wang
Applications
Cryptocurrencies have provided a promising infrastructure for pseudonymous online payments. However, low throughput has significantly hindered the scalability and usability of cryptocurrency systems for increasing numbers of users and transactions. Another obstacle to achieving scalability is the requirement for every node to duplicate the communication, storage, and state representation of the entire network.
In this paper, we introduce the Asynchronous Consensus Zones, which scales...
ARPA Whitepaper
Derek Zhang, Alex Su, Felix Xu, Jiang Chen
Applications
We propose a secure computation solution for blockchain networks. The correctness of computation is verifiable even under malicious majority condition using information-theoretic Message Authentication Code (MAC), and the privacy is preserved using Secret-Sharing. With state-of-the-art multiparty computation protocol and a layer2 solution, our privacy-preserving computation guarantees data security on blockchain, cryptographically, while reducing the heavy-lifting computation job to a few...
Improvements of Blockchain’s Block Broadcasting:An Incentive Approach
Qingzhao Zhang, Yijun Leng, Lei Fan
Applications
In order to achieve a truthful distributed ledger, homogeneous nodes in Blockchain systems will propagate messages on a P2P network so that they can synchronize the status of the ledger. Currently, blockchain systems target on achieving better scalability and higher throughput to support divergent applications which will lead to heavier message propagation, especially the broadcasting of blocks. The heavier traffic on the P2P network will cause longer latency of block synchronization, which...
DEXON: A Highly Scalable, Decentralized DAG-Based Consensus Algorithm
Tai-Yuan Chen, Wei-Ning Huang, Po-Chun Kuo, Hao Chung, Tzu-Wei Chao
Cryptographic protocols
A blockchain system is a replicated state machine that must be fault tolerant. When designing a blockchain system, there is usually a trade-off between decentralization, scalability, and security. In this paper, we propose a novel blockchain system, DEXON, which achieves high scalability while remaining decentralized and robust in the real-world environment.
We have two main contributions. First, we present a highly scalable sharding framework for blockchain. This framework takes an...
PolyShard: Coded Sharding Achieves Linearly Scaling Efficiency and Security Simultaneously
Songze Li, Mingchao Yu, A. Salman Avestimehr, Sreeram Kannan, Pramod Viswanath
Foundations
Today’s blockchains do not scale in a meaningful sense. As more nodes join the system, the efficiency of the system (computation, communication, and storage) degrades, or at best stays constant. A leading idea for enabling blockchains to scale efficiency is the notion of sharding: different subsets of nodes handle different portions of the blockchain, thereby reducing the load for each individual node. However, existing sharding proposals achieve efficiency scaling by compromising on trust -...
RapidChain: Scaling Blockchain via Full Sharding
Mahdi Zamani, Mahnush Movahedi, Mariana Raykova
Cryptographic protocols
A major approach to overcoming the performance and scalability limitations of current blockchain protocols is to use sharding, which is to split the overheads of processing transactions among multiple, smaller groups of nodes. These groups work in parallel to maximize performance while requiring significantly smaller communication, computation, and storage per node, allowing the system to scale to large networks. However, existing sharding-based blockchain protocols still require a linear...
OmniLedger: A Secure, Scale-Out, Decentralized Ledger via Sharding
Eleftherios Kokoris-Kogias, Philipp Jovanovic, Linus Gasser, Nicolas Gailly, Ewa Syta, Bryan Ford
Designing a secure permissionless distributed ledger that performs on
par with centralized payment processors such as Visa is challenging.
Most existing distributed ledgers are unable to "scale-out'' --
growing total processing capacity with number of participants --
and those that do compromise security or decentralization.
This work presents OmniLedger, the first scale-out
distributed ledger that can preserve long-term security
under permissionless operation.
OmniLedger ensures strong...
Security of blockchain technologies primarily relies on decentralization making them resilient against a subset of entities being taken down or corrupt. Blockchain scaling, crucial to decentralisation, has been addressed by architectural changes: i.e., the load of the nodes is reduced by parallelisation, called sharding or by taking computation load off the main blockchain via rollups. Both sharding and rollups have limitations in terms of decentralization and security. A crucial component...
Sharding is a critical technique that enhances the scalability of blockchain technology. However, existing protocols often assume adversarial nodes in a general term without considering the different types of attacks, which limits transaction throughput at runtime because attacks on liveness could be mitigated. There have been attempts to increase transaction throughput by separately handling the attacks; however, they have security vulnerabilities. This paper introduces Reticulum, a novel...
Sharding enhances blockchain scalability by dividing the network into shards, each managing specific unspent transaction outputs or accounts. As an introduced new transaction type, cross-shard transactions pose a critical challenge to the security and efficiency of sharding blockchains. Currently, there is a lack of a generic sharding blockchain consensus pattern that achieves both security and low overhead. In this paper, we present Kronos, a secure sharding blockchain consensus...
Blockchains suffer from scalability limitations, both in terms of latency and throughput. Various approaches to alleviate this have been proposed, most prominent of which are payment and state channels, sidechains, commit-chains, rollups, and sharding. This work puts forth a novel commit-chain protocol, Bitcoin Clique. It is the first trustless commit-chain that is compatible with all major blockchains, including (an upcoming version of) Bitcoin. Clique enables a pool of users to pay each...
Due to the significant development of the intelligence industry worldwide, various initiatives have increasingly recognized the value of the Internet of Things (IoT). IoT systems, however, are often hin- dered by fundamental challenges, such as the need for a central server to manage them. Decentralizing these systems can be achieved through the use of blockchains. Recently, there has been an increase in the popularity of blockchain in various fields, such as banking, IoT, and the...
A transaction record in a sharded blockchain can be represented as a two-dimensional array of integers with row-index associated to an account, column-index to a shard and the entry to the transaction amount. In a blockchain-based cryptocurrency system with coded sharding, a transaction record of a given epoch of time is encoded using a block code considering the entries as finite-field symbols. Each column of the resultant coded array is then stored in a server. In the particular case of...
Sharding is a key approach to scaling the performance of on-chain transactions: the network is randomly partitioned into smaller groups of validator nodes, known as \textit{shards}, each growing a disjoint ledger of transactions via state-machine replication (SMR) in parallel to other shards. As SMR protocols typically incur a quadratic message complexity in the network size, shards can process transactions significantly faster than the entire network. On the downside, shards cannot be made...
We introduce Zef, the first Byzantine-Fault Tolerant (BFT) protocol to support payments in anonymous digital coins at arbitrary scale. Zef follows the communication and security model of FastPay: both protocols are asynchronous, low-latency, linearly-scalable, and powered by partially-trusted sharded authorities. In contrast with FastPay, user accounts in Zef are uniquely-identified and safely removable. Zef coins are bound to an account by a digital certificate and otherwise stored...
The ability to verifiably retrieve transaction or state data stored off-chain is crucial to blockchain scaling techniques such as rollups or sharding. We formalize the problem and design a storage- and communication-efficient protocol using linear erasure-correcting codes and homomorphic vector commitments. Motivated by application requirements for rollups, our solution Semi-AVID-PR departs from earlier Verifiable Information Dispersal schemes in that we do not require comprehensive...
In this paper, we perform a comprehensive evaluation on blockchain sharding protocols. We deconstruct the blockchain sharding protocol into four foundational layers with orthogonal functionalities, securing some properties. We evaluate each layer of seven state-of-the-art blockchain sharding protocols, and identify a considerable number of new attacks, questionable design trade-offs and some open challenges. The layered evaluation allows us to unveil security and performance problems arising...
Sharding technology is becoming a promising candidate to address the scalability issues in blockchain. The key concept behind sharding technology is to partition the network status into multiple distinct smaller committees, each of which handles a disjoint set of transactions to leverage its capability of parallel processing. However, when introducing sharding technology to blockchain, several key challenges need to be resolved, such as security and heterogeneity among the participating...
Reliable and verifiable public randomness is not only an essential building block in various cryptographic primitives, but also is a critical component in many distributed and decentralized protocols, e.g., blockchain sharding. A 'good' randomness generator should preserve several distinctive properties, such as public-verifiability, bias-resistance, unpredictability, and availability. However, it is a challenging task to generate such good randomness. For instance, a dishonest party may...
Sharding is an emerging technique to overcome scalability issues on blockchain based public ledgers. Without sharding, every node in the network has to listen to and process all ledger protocol messages. The basic idea of sharding is to parallelize the ledger protocol: the nodes are divided into smaller subsets that each take care of a fraction of the original load by executing lighter instances of the ledger protocol, also called shards. The smaller the shards, the higher the efficiency, as...
We study non-interactive arguments of knowledge (AoKs) for commitments in groups of hidden order. We provide protocols whereby a Prover can demonstrate certain properties of and relations between committed sets/multisets, with succinct proofs that are publicly verifiable against the constant-sized commitments. In particular, we provide AoKs for the disjointness of committed sets/multisets in cryptographic accumulators, with a view toward applications to verifiably outsourcing data storage...
Sharding is an approach to designing a highly scalable blockchain. A sharded blockchain achieves parallelism by dividing consensus nodes (validators) into groups called shards and making them process different transactions in each shard. In this paper, we economically analyze users’ behavior on sharded blockchains and identify a phenomenon that users’ accounts and smart contracts eventually get concentrated in a few shards, making shard loads unfair. This phenomenon leads to bad user...
Sharding is a promising approach to scale permissionless blockchains. In a sharded blockchain, participants are split into groups, called shards, and each shard only executes part of the workloads. Despite its wide adoption in permissioned systems, transferring such success to permissionless blockchains is still an open problem. In permissionless networks, participants may join and leave the system at any time, making load balancing challenging. In addition, the adversary in such networks...
In this paper we describe the design components of the heterogenous multi-chain protocol Polkadot and explain how these components help Polkadot address some of the existing shortcomings of blockchain technologies. At present, a vast number of blockchain projects have been introduced and employed with various features that are not necessarily designed to work with each other. This makes it difficult for users to utilise a large number of applications on different blockchain projects....
Today’s world is organized based on merit and value. A single global currency that’s decentralized is needed for a global economy. Bitcoin is a partial solution to this need, however it suffers from scalability problems which prevent it from being mass-adopted. Also, the deflationary nature of bitcoin motivates people to hoard and speculate on them instead of using them for day to day transactions. We propose a scalable, decentralized cryptocurrency that is based on Proof of Work. The...
Blockchain Sharding is a blockchain performance enhancement approach. By splitting a blockchain into several parallel-run committees (shards), it helps increase transaction throughput, reduce resources required, and increase reward expectation for participants. Recently, several flexible sharding methods that can tolerate up to $n/2$ Byzantine nodes ($n/2$ security level) have been proposed. However, these methods suffer from two main drawbacks. First, in a non-sharding blockchain, nodes can...
A decade long thrive of cryptocurrency has shown its potential as a source of alternative-finance and the security and the robustness of the underpinning blockchain technology. However, most cryptocurrencies fail to show inimitability and their meanings in the real world. As a result, they usually start off as favourites but quickly become the outcasts of the digital asset market. The blockchain society attempts to anchor the value of cryptocurrency with real values by employing smart...
Traditional Blockchain Sharding approaches can only tolerate up to n/3 of nodes being adversary because they rely on the hypergeometric distribution to make a failure (an adversary does not have n/3 of nodes globally but can manipulate the consensus of a Shard) hard to happen. The system must maintain a large Shard size (the number of nodes inside a Shard) to sustain the low failure probability so that only a small number of Shards may exist. In this paper, we present a new approach of...
Blockchain sharding is a promising approach to solving the dilemma between decentralisation and high performance (transaction throughput) for blockchain. The main challenge of Blockchain sharding systems is how to reach a decision on a statement among a sub-group (shard) of people while ensuring the whole population recognises this statement. Namely, the challenge is to prevent an adversary who does not have the majority of nodes globally but have the majority of nodes inside a shard. Most...
Internet-of-Things enables interconnection of billions of devices, which perform autonomous operations and collect various types of data. These things, along with their generated huge amount of data, need to be handled efficiently and securely. Centralized solutions are not desired due to security concerns and scalability issue. In this paper, we propose HIBEChain, a hierarchical blockchain system that realizes scalable and accountable management of IoT devices and data. HIBEChain consists...
Blockchain is a distributed and decentralized ledger for recording transactions. It is maintained and shared among the participating nodes by utilizing cryptographic primitives. A consensus protocol ensures that all nodes agree on a unique order in which records are appended. However, current blockchain solutions are facing scalability issues. Many methods, such as Off-chain and Directed Acyclic Graph (DAG) solutions, have been proposed to address the issue. However, they have inherent...
Blockchain brings dawn to decentralized applications which coordinate correct computations without a prior trust. However, existing scalable on-chain frameworks are incompetent in dealing with intensive validation. On the one hand, duplicated execution pattern leads to limited throughput and unacceptable expenses. On the other hand, there lack fair and secure incentive mechanisms allocating rewards according to the actual workload of validators, thus deriving bad dilemmas among rational...
Since the inception of Bitcoin, a plethora of distributed ledgers differing in design and purpose has been created. While by design, blockchains provide no means to securely communicate with external systems, numerous attempts towards trustless cross-chain communication have been proposed over the years. Today, cross-chain communication (CCC) plays a fundamental role in cryptocurrency exchanges, scalability efforts via sharding, extension of existing systems through sidechains, and...
ByzCoin, a promising alternative of Bitcoin, is a scalable consensus protocol used as a building block of many research and enterprise-level decentralized systems. In this paper, we show that ByzCoin is unsuitable for deployment in an anopen, adversarial network and instead introduceMOTOR. MOTORis designed as a secure, robust, and scalable consensus suitable for permissionless sharded blockchains. MOTORachieves these properties by making four key design choices: (a) it prioritizes robustness...
Cryptocurrencies have provided a promising infrastructure for pseudonymous online payments. However, low throughput has significantly hindered the scalability and usability of cryptocurrency systems for increasing numbers of users and transactions. Another obstacle to achieving scalability is the requirement for every node to duplicate the communication, storage, and state representation of the entire network. In this paper, we introduce the Asynchronous Consensus Zones, which scales...
We propose a secure computation solution for blockchain networks. The correctness of computation is verifiable even under malicious majority condition using information-theoretic Message Authentication Code (MAC), and the privacy is preserved using Secret-Sharing. With state-of-the-art multiparty computation protocol and a layer2 solution, our privacy-preserving computation guarantees data security on blockchain, cryptographically, while reducing the heavy-lifting computation job to a few...
In order to achieve a truthful distributed ledger, homogeneous nodes in Blockchain systems will propagate messages on a P2P network so that they can synchronize the status of the ledger. Currently, blockchain systems target on achieving better scalability and higher throughput to support divergent applications which will lead to heavier message propagation, especially the broadcasting of blocks. The heavier traffic on the P2P network will cause longer latency of block synchronization, which...
A blockchain system is a replicated state machine that must be fault tolerant. When designing a blockchain system, there is usually a trade-off between decentralization, scalability, and security. In this paper, we propose a novel blockchain system, DEXON, which achieves high scalability while remaining decentralized and robust in the real-world environment. We have two main contributions. First, we present a highly scalable sharding framework for blockchain. This framework takes an...
Today’s blockchains do not scale in a meaningful sense. As more nodes join the system, the efficiency of the system (computation, communication, and storage) degrades, or at best stays constant. A leading idea for enabling blockchains to scale efficiency is the notion of sharding: different subsets of nodes handle different portions of the blockchain, thereby reducing the load for each individual node. However, existing sharding proposals achieve efficiency scaling by compromising on trust -...
A major approach to overcoming the performance and scalability limitations of current blockchain protocols is to use sharding, which is to split the overheads of processing transactions among multiple, smaller groups of nodes. These groups work in parallel to maximize performance while requiring significantly smaller communication, computation, and storage per node, allowing the system to scale to large networks. However, existing sharding-based blockchain protocols still require a linear...
Designing a secure permissionless distributed ledger that performs on par with centralized payment processors such as Visa is challenging. Most existing distributed ledgers are unable to "scale-out'' -- growing total processing capacity with number of participants -- and those that do compromise security or decentralization. This work presents OmniLedger, the first scale-out distributed ledger that can preserve long-term security under permissionless operation. OmniLedger ensures strong...