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The synergy between Federated Learning and blockchain has been considered promising; however, the computationally intensive nature of contribution measurement conflicts with the strict computation and storage limits of blockchain systems. We propose a novel concept to decentralize the AI training process using blockchain technology and Multi-task Peer Prediction. By leveraging smart contracts and cryptocurrencies to incentivize contributions to the training process, we aim to harness the mutual benefits of AI and blockchain. We discuss the advantages and limitations of our design.
Blockchain is a decentralised, immutable ledger technology that has been widely adopted in many sectors for various applications such as cryptocurrencies, smart contracts and supply chain management. Distributed consensus is a fundamental component of blockchain, which is required to ensure trust, security, and integrity of the data stored and the transactions processed in the blockchain. Various consensus algorithms have been developed, each affected from certain issues such as node failures, high resource consumption, collusion, etc. This work introduces a fully decentralised consensus protocol, Blockchain Epidemic Consensus Protocol (BECP), suitable for very large and extreme-scale blockchain systems. The proposed approach leverages the benefits of epidemic protocols, such as no reliance on a fixed set of validators or leaders, probabilistic guarantees of convergence, efficient use of network resources, and tolerance to node and network failures. A comparative experimental analysis has been carried out with traditional protocols including PAXOS, RAFT, and Practical Byzantine Fault Tolerance (PBFT), as well as a relatively more recent protocol such as Avalanche, which is specific
Cryptocurrency blockchains, beyond their primary role as distributed payment systems, are increasingly used to store and share arbitrary content, such as text messages and files. Although often non-financial, this hidden content can impact price movements by conveying private information, shaping sentiment, and influencing public opinion. However, current analyses of such data are limited in scope and scalability, primarily relying on manual classification or hand-crafted heuristics. In this work, we address these limitations by employing Natural Language Processing techniques to analyze, detect patterns, and extract public sentiment encoded within blockchain transactional data. Using a variety of Machine Learning techniques, we showcase for the first time the predictive power of blockchain-embedded sentiment in forecasting cryptocurrency price movements on the Bitcoin and Ethereum blockchains. Our findings shed light on a previously underexplored source of freely available, transparent, and immutable data and introduce blockchain sentiment analysis as a novel and robust framework for enhancing financial predictions in cryptocurrency markets. Incidentally, we discover an asymmetry
Process (or workflow) execution on blockchain suffers from limited scalability; specifically, costs in the form of transactions fees are a major limitation for employing traditional public blockchain platforms in practice. Research, so far, has mainly focused on exploring first (Bitcoin) and second-generation (e.g., Ethereum) blockchains for business process enactment. However, since then, novel blockchain systems have been introduced - aimed at tackling many of the problems of previous-generation blockchains. We study such a system, Algorand, from a process execution perspective. Algorand promises low transaction fees and fast finality. However, Algorand's cost structure differs greatly from previous generation blockchains, rendering earlier cost models for blockchain-based process execution non-applicable. We discuss and contrast Algorand's novel cost structure with Ethereum's well-known cost model. To study the impact for process execution, we present a compiler for BPMN Choreographies, with an intermediary layer, which can support multi-platform output, and provide a translation to TEAL contracts, the smart contract language of Algorand. We compare the cost of executing process
Blockchain is a distributed ledger technology that has applications in many domains such as cryptocurrency, smart contracts, supply chain management, and many others. Distributed consensus is a fundamental component of blockchain systems that enables secure, precise, and tamper-proof verification of data without relying on central authorities. Existing consensus protocols, nevertheless, suffer from drawbacks, some of which are related to scalability, resource consumption, and fault tolerance. We introduce Blockchain Epidemic Consensus Protocol (BECP), a novel fully decentralised consensus protocol for blockchain networks at a large scale. BECP follows epidemic communication principles, without fixed roles like validators or leaders, and achieves probabilistic convergence, efficient message dissemination, and tolerance to message delays. We provide an extensive experimental comparison of BECP against classic protocols like PAXOS, RAFT, and PBFT, and newer epidemic-based protocols like Avalanche and Snowman. The findings indicate that BECP provides desirable gains in throughput, consensus latency, and substantial message-passing efficiency compared to existing epidemic-based approach
Blockchain technology transformed the digital sphere by providing a transparent, secure, and decentralized platform for data security across a range of industries, including cryptocurrencies and supply chain management. Blockchain's integrity and dependability have been jeopardized by the rising number of security threats, which have attracted cybercriminals as a target. By summarizing suggested fixes, this research aims to offer a thorough analysis of mitigating blockchain attacks. The objectives of the paper include identifying weak blockchain attacks, evaluating various solutions, and determining how effective and effective they are at preventing these attacks. The study also highlights how crucial it is to take into account the particular needs of every blockchain application. This study provides beneficial perspectives and insights for blockchain researchers and practitioners, making it essential reading for those interested in current and future trends in blockchain security research.
A lot of business and research effort currently deals with the so called decentralised ledger technology blockchain. Putting it to use carries the tempting promise to make the intermediaries of social interactions superfluous and furthermore keep secure track of all interactions. Currently intermediaries such as banks and notaries are necessary and must be trusted, which creates great dependencies, as the financial crisis of 2008 painfully demonstrated. Especially banks and notaries are said to become dispensable as a result of using the blockchain. But in real-world applications of the blockchain, the power of central actors does not dissolve, it only shifts to new, democratically illegitimate, uncontrolled or even uncontrollable power centers. As interesting as the blockchain technically is, it doesn't efficiently solve any real-world problem and is no substitute for traditional political processes or democratic regulation of power. Research efforts investigating the blockchain should be halted.
Real and effective regulation of contributions to greenhouse gas emissions and pollutants requires unbiased and truthful monitoring. Blockchain has emerged not only as an approach that provides verifiable economical interactions but also as a mechanism to keep the measurement, monitoring, incentivation of environmental conservationist practices and enforcement of policy. Here, we present a survey of areas in what blockchain has been considered as a response to concerns on keeping an accurate recording of environmental practices to monitor levels of pollution and management of environmental practices. We classify the applications of blockchain into different segments of concerns, such as greenhouse gas emissions, solid waste, water, plastics, food waste, and circular economy, and show the objectives for the addressed concerns. We also classify the different blockchains and the explored and designed properties as identified for the proposed solutions. At the end, we provide a discussion about the niches and challenges that remain for future research.
Collaborative and distributed learning techniques, such as Federated Learning (FL) and Split Learning (SL), hold significant promise for leveraging sensitive data in privacy-critical domains. However, FL and SL suffer from key limitations -- FL imposes substantial computational demands on clients, while SL leads to prolonged training times. To overcome these challenges, SplitFed Learning (SFL) was introduced as a hybrid approach that combines the strengths of FL and SL. Despite its advantages, SFL inherits scalability, performance, and security issues from SL. In this paper, we propose two novel frameworks: Sharded SplitFed Learning (SSFL) and Blockchain-enabled SplitFed Learning (BSFL). SSFL addresses the scalability and performance constraints of SFL by distributing the workload and communication overhead of the SL server across multiple parallel shards. Building upon SSFL, BSFL replaces the centralized server with a blockchain-based architecture that employs a committee-driven consensus mechanism to enhance fairness and security. BSFL incorporates an evaluation mechanism to exclude poisoned or tampered model updates, thereby mitigating data poisoning and model integrity attacks.
This student paper introduces a novel methodology for the detection and analysis of multihop cross-chain arbitrage opportunities, wherein multihop denotes arbitrage sequences involving more than two transactional steps across distinct blockchain networks, executed using sequence-dependent strategies. Utilizing a comprehensive dataset comprising over 2.4 billion transactions recorded between September 2023 and August 2024 (encompassing 12 blockchain platforms and 45 cross-chain bridges) we design and implement an algorithm capable of identifying, sequence-dependent arbitrage paths spanning multiple ecosystems. Our empirical analysis demonstrates that such arbitrage opportunities are exceedingly infrequent, underscoring the inherent challenges associated with multihop execution in cross-chain environments.
Blockchain and smart contracts have garnered significant interest in recent years as the foundation of a decentralized, trustless digital ecosystem, thereby eliminating the need for traditional centralized authorities. Despite their central role in powering Web3, their complexity still presents significant barriers for non-expert users. To bridge this gap, Artificial Intelligence (AI)-based agents have emerged as valuable tools for interacting with blockchain environments, supporting a range of tasks, from analyzing on-chain data and optimizing transaction strategies to detecting vulnerabilities within smart contracts. While interest in applying AI to blockchain is growing, the literature still lacks a comprehensive survey that focuses specifically on the intersection with AI agents. Most of the related work only provides general considerations, without focusing on any specific domain. This paper addresses this gap by presenting the first Systematization of Knowledge dedicated to AI-driven systems for blockchain, with a special focus on their security and privacy dimensions, shedding light on their applications, limitations, and future research directions.
Blockchain and blockchain-based decentralized applications are attracting increasing attentions recently. In public blockchain systems, users usually connect to third-party peers or run a peer to join the P2P blockchain network. However, connecting to unreliable blockchain peers will make users waste resources and even lose millions of dollars of cryptocurrencies. In order to select the reliable blockchain peers, it is urgently needed to evaluate and predict the reliability of them. Faced with this problem, we propose H-BRP, Hybrid Blockchain Reliability Prediction model to extract the blockchain reliability factors then make personalized prediction for each user. Large-scale real-world experiments are conducted on 100 blockchain requesters and 200 blockchain peers. The implement and dataset of 2,000,000 test cases are released. The experimental results show that the proposed model obtains better accuracy than other approaches.
We introduce a modified Schnorr signature scheme to allow for time-bound signatures for transaction fee auction bidding and smart contract purposes in a blockchain context, ensuring an honest producer can only validate a signature before a given block height. The immutable blockchain is used as a source of universal time for the signature scheme. We show the use of such a signature scheme leads to lower MEV revenue for builders. We then apply our time-bound signatures to Ethereum's EIP-1559 and show how it can be used to mitigate the effect of MEV on predicted equilibrium strategies.
The gas fee, paid for inclusion in the blockchain, is analyzed in two parts. First, we consider how effort in terms of resources required to process and store a transaction turns into a gas limit, which, through a fee, comprised of the base and priority fee in the current version of Ethereum, is converted into the cost paid by the user. We adhere closely to the Ethereum protocol to simplify the analysis and to constrain the design choices when considering multidimensional gas. Second, we assume that the gas price is given deus ex machina by a fractional Ornstein-Uhlenbeck process and evaluate various derivatives. These contracts can, for example, mitigate gas cost volatility. The ability to price and trade forwards besides the existing spot inclusion into the blockchain could enable users to hedge against future cost fluctuations. Overall, this paper offers a comprehensive analysis of gas fee dynamics on the Ethereum blockchain, integrating supply-side constraints with demand-side modelling to enhance the predictability and stability of transaction costs.
Blockchain has become a popular emergent technology in many industries. It is suitable for a broad range of applications, from its base role as an immutable distributed ledger to the deployment of distributed applications. Many organizations are adopting the technology, but choosing a specific blockchain implementation in an emerging field exposes them to significant technology risk. Selecting the wrong implementation could expose an organization to security vulnerabilities, reduce access to its target audience, or cause issues in the future when switching to a more mature protocol. Blockchain interoperability aims to solve this adaptability problem by increasing the extensibility of blockchain, enabling the addition of new use cases and features without sacrificing the performance of the original blockchain. However, most existing blockchain platforms need to be designed for interoperability, and simple operations like sending assets across platforms create problems. Cryptographic protocols that are secure in isolation may become insecure when several different (individually secure) protocols are composed. Similarly, utilizing trusted custodians may undercut most of the benefits o
The blockchain technology enables mutually untrusting participants to reach consensus on the state of a distributed and decentralized ledger (called a blockchain) in a permissionless setting. The consensus protocol of the blockchain imposes a unified view of the system state over the global network, and once a block is stable in the blockchain, its data is visible to all users and cannot be retrospectively modified or removed. Due to these properties, the blockchain technology is regarded as a general consensus infrastructure and based on which a variety of systems have been built. This article presents a study and survey of permissionless blockchain systems in the context of secure logging. We postulate the most essential properties required by a secure logging system and by considering a wide range of applications, we give insights into how the blockchain technology matches these requirements. Based on the survey, we motivate related research perspectives and challenges for blockchain-based secure logging systems, and we highlight potential solutions to some specific problems.
Blockchain is a distributed ledger with wide applications. Due to the increasing storage requirement for blockchains, the computation can be afforded by only a few miners. Sharding has been proposed to scale blockchains so that storage and transaction efficiency of the blockchain improves at the cost of security guarantee. This paper aims to consider a new protocol, Secure-Repair-Blockchain (SRB), which aims to decrease the storage cost at the miners. In addition, SRB also decreases the bootstrapping cost, which allows for new miners to easily join a sharded blockchain. In order to reduce storage, coding-theoretic techniques are used in SRB. In order to decrease the amount of data that is transferred to the new node joining a shard, the concept of exact repair secure regenerating codes is used. The proposed blockchain protocol achieves lower storage than those that do not use coding, and achieves lower bootstrapping cost as compared to the different baselines.
This work is about the mutual influence between two technologies: Databases and Blockchain. It addresses two questions: 1. How the database technology has influenced the development of blockchain technology?, and 2. How blockchain technology has influenced the introduction of new functionalities in some modern databases? For the first question, we explain how database technology contributes to blockchain technology by unlocking different features such as ACID (Atomicity, Consistency, Isolation, and Durability) transactional consistency, rich queries, real-time analytics, and low latency. We explain how the CAP (Consistency, Availability, Partition tolerance) theorem known for databases influenced the DCS (Decentralization, Consistency, Scalability) theorem for the blockchain systems. By using an analogous relaxation approach as it was used for the proof of the CAP theorem, we postulate a "DCS-satisfiability conjecture." For the second question, we review different databases that are designed specifically for blockchain and provide most of the blockchain functionality like immutability, privacy, censorship resistance, along with database features.
Security and privacy are primary concerns in IoT management. Security breaches in IoT resources, such as smart sensors, can leak sensitive data and compromise the privacy of individuals. Effective IoT management requires a comprehensive approach to prioritize access security and data privacy protection. Digital twins create virtual representations of IoT resources. Blockchain adds decentralization, transparency, and reliability to IoT systems. This research integrates digital twins and blockchain to manage access to IoT data streaming. Digital twins are used to encapsulate data access and view configurations. Access is enabled on digital twins, not on IoT resources directly. Trust structures programmed as smart contracts are the ones that manage access to digital twins. Consequently, IoT resources are not exposed to third parties, and access security breaches can be prevented. Blockchain has been used to validate digital twins and store their configuration. The research presented in this paper enables multitenant access and customization of data streaming views and abstracts the complexity of data access management. This approach provides access and configuration security and data
Blockchain-based cryptocurrencies have received extensive attention recently. Massive data has been stored on permission-less blockchains. The analysis on massive blockchain data can bring huge business values. However, the lack of well-processed up-to-date blockchain datasets impedes big data analytics of blockchain data. To fill this gap, we collect and process the up-to-date on-chain data from Ethereum, which is one of the most popular permission-less blockchains. We name these well-processed Ethereum datasets as XBlock-ETH, which consists of the data of blockchain transactions, smart contracts, and cryptocurrencies (i.e., tokens). The basic statistics and exploration of these datasets are presented. We also outline the possible research opportunities. The datasets with the raw data and codes have been publicly released online.