1,278 research outputs found
Blockchain: A Graph Primer
Bitcoin and its underlying technology Blockchain have become popular in
recent years. Designed to facilitate a secure distributed platform without
central authorities, Blockchain is heralded as a paradigm that will be as
powerful as Big Data, Cloud Computing and Machine learning. Blockchain
incorporates novel ideas from various fields such as public key encryption and
distributed systems. As such, a reader often comes across resources that
explain the Blockchain technology from a certain perspective only, leaving the
reader with more questions than before. We will offer a holistic view on
Blockchain. Starting with a brief history, we will give the building blocks of
Blockchain, and explain their interactions. As graph mining has become a major
part its analysis, we will elaborate on graph theoretical aspects of the
Blockchain technology. We also devote a section to the future of Blockchain and
explain how extensions like Smart Contracts and De-centralized Autonomous
Organizations will function. Without assuming any reader expertise, our aim is
to provide a concise but complete description of the Blockchain technology.Comment: 16 pages, 8 figure
Chainspace: A Sharded Smart Contracts Platform
Chainspace is a decentralized infrastructure, known as a distributed ledger,
that supports user defined smart contracts and executes user-supplied
transactions on their objects. The correct execution of smart contract
transactions is verifiable by all. The system is scalable, by sharding state
and the execution of transactions, and using S-BAC, a distributed commit
protocol, to guarantee consistency. Chainspace is secure against subsets of
nodes trying to compromise its integrity or availability properties through
Byzantine Fault Tolerance (BFT), and extremely high-auditability,
non-repudiation and `blockchain' techniques. Even when BFT fails, auditing
mechanisms are in place to trace malicious participants. We present the design,
rationale, and details of Chainspace; we argue through evaluating an
implementation of the system about its scaling and other features; we
illustrate a number of privacy-friendly smart contracts for smart metering,
polling and banking and measure their performance
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