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Longest-chain blockchain protocols, such as Bitcoin, guarantee liveness even when the number of actively participating users is variable, i.e., they are adaptive. However, they are not safe under network partitions, i.e., they do not guarantee finality. On the other hand, classical blockchain protocols, like PBFT, achieve finality but not adaptivity. Indeed, the CAP theorem in the context of blockchains asserts that no protocol can simultaneously offer both adaptivity and finality. We propose a new blockchain protocol, called the checkpointed longest chain, that offers individual users the choice between finality and adaptivity instead of imposing it at a system-wide level. This protocols salient feature is that it supports two distinct confirmation rules: one that guarantees adaptivity and the other finality. The more optimistic adaptive rule always confirms blocks that are marked as finalized by the more conservative rule, and may possibly confirm more blocks during variable participation levels. Clients (users) make a local choice between the confirmation rules as per their personal preference, while miners follow a fixed block proposal rule that is consistent with both confirmation rules. The proposed protocol has the additional benefit of intrinsic validity: the finalized blocks always lie on a single blockchain, and therefore miners can attest to the validity of transactions while proposing blocks. Our protocol builds on the notion of a finality gadget, a popular technique for adding finality to longest-chain protocols.
Blockchain protocols differ in fundamental ways, including the mechanics of selecting users to produce blocks (e.g., proof-of-work vs. proof-of-stake) and the method to establish consensus (e.g., longest chain rules vs. BFT-inspired protocols). These
In distributed applications, Brewers CAP theorem tells us that when networks become partitioned, there is a tradeoff between consistency and availability. Consistency is agreement on the values of shared variables across a system, and availability is
The CAP theorem says that no blockchain can be live under dynamic participation and safe under temporary network partitions. To resolve this availability-finality dilemma, we formulate a new class of flexible consensus protocols, ebb-and-flow protoco
Soteria is a user right management system designed to safeguard user-data privacy in a transparent and provable manner in compliance to regulations such as GDPR and CCPA. Soteria represents user data rights as formal executable sharing agreements, wh
Blockchain is a radical innovation with a unique value proposition that shifts trust from institutions to algorithms. Still, the potential of blockchains remains elusive due to knowledge gaps between computer science research and socio-economic resea