Decentralization in Bitcoin and Ethereum Networks

Blockchain-based cryptocurrencies have demonstrated how to securely implement traditionally centralized systems, such as currencies, in a decentralized fashion. However, there have been few measurement studies on the level of decentralization they achieve in practice. We present a measurement study on various decentralization metrics of two of the leading cryptocurrencies with the largest market capitalization and user base, Bitcoin and Ethereum. We investigate the extent of decentralization by measuring the network resources of nodes and the interconnection among them, the protocol requirements affecting the operation of nodes, and the robustness of the two systems against attacks. In particular, we adapted existing internet measurement techniques and used the Falcon Relay Network as a novel measurement tool to obtain our data. We discovered that neither Bitcoin nor Ethereum has strictly better properties than the other. We also provide concrete suggestions for improving both systems.Comment: Financial Cryptography and Data Security 201

When Intrusion Detection Meets Blockchain Technology: A Review

With the purpose of identifying cyber threats and possible incidents, intrusion detection systems (IDSs) are widely deployed in various computer networks. In order to enhance the detection capability of a single IDS, collaborative intrusion detection networks (or collaborative IDSs) have been developed, which allow IDS nodes to exchange data with each other. However, data and trust management still remain two challenges for current detection architectures, which may degrade the effectiveness of such detection systems. In recent years, blockchain technology has shown its adaptability in many fields, such as supply chain management, international payment, interbanking, and so on. As blockchain can protect the integrity of data storage and ensure process transparency, it has a potential to be applied to intrusion detection domain. Motivated by this, this paper provides a review regarding the intersection of IDSs and blockchains. In particular, we introduce the background of intrusion detection and blockchain, discuss the applicability of blockchain to intrusion detection, and identify open challenges in this direction

Library Writers Reward Project

Open-source library development exploits the distributed intelligence of participants in Internet communities. Nowadays, contribution to the open-source community is fading [16] (Stackalytics, 2016) as there is not much recognition for library writers. They can start exploring ways to generate revenue as they actively contribute to the open-source community. This project helps library writers to generate revenue in the form of bitcoins for their contribution. Our solution to generate revenue for library writers is to integrate bitcoin mining with existing JavaScript libraries, such as jQuery. More use of the library leads to more revenue for the library writers. It uses the visitor system’s computational power to mine bitcoins. As stated above, library writers can make sure that every visitor is contributing towards revenue generation. The amount of bitcoins that can be generated is directly related to the user\u27s participation. When I tested this project for about a week on the single machine, it was able to make 0.021226 BTC, which in today’s value is 8.96 U.S. dollars. The project also includes support for a digital wallet, which will keep track of a private key for currency balance

Detection of Bitcoin miners from network measurements

This project displays a novel method to find cryptomining using Netflow mesurements. This is achieved by investigating the differences betwen mining traffic and the rest of the traffic, and through the use of machine learning. This helps find miners with high confidence and using little resources

Blockchain Layer Zero: Characterizing the Bitcoin Network through Measurements, Models, and Simulations

In recent years, research has shown the networking layer’s significant influence on the scalability, security, and privacy of blockchain systems. Such large-scale networks however exhibit a degree of complexity that demands model-based simulations as real-world experiments are often not possible. In this work, we methodically characterize blockchain networks by reference to the paradigmatic Bitcoin peer-to-peer network, explore the state-of-the-art protocols, and emphasize this key design space. To this end, we conducted a longitudinal measurement study on the Bitcoin network, from which we extract a comprehensive network model and implement it as part of the bns network simulation framework. We validate the model in comparison to real-world measurements as well as to results from related work. Moreover, we experimentally show how network utilization and miners’ geographical location impact the block propagation characteristics