Applications of Structural Balance in Signed Social Networks

We present measures, models and link prediction algorithms based on the structural balance in signed social networks. Certain social networks contain, in addition to the usual 'friend' links, 'enemy' links. These networks are called signed social networks. A classical and major concept for signed social networks is that of structural balance, i.e., the tendency of triangles to be 'balanced' towards including an even number of negative edges, such as friend-friend-friend and friend-enemy-enemy triangles. In this article, we introduce several new signed network analysis methods that exploit structural balance for measuring partial balance, for finding communities of people based on balance, for drawing signed social networks, and for solving the problem of link prediction. Notably, the introduced methods are based on the signed graph Laplacian and on the concept of signed resistance distances. We evaluate our methods on a collection of four signed social network datasets.Comment: 37 page

FastPay: High-Performance Byzantine Fault Tolerant Settlement

FastPay allows a set of distributed authorities, some of which are Byzantine, to maintain a high-integrity and availability settlement system for pre-funded payments. It can be used to settle payments in a native unit of value (crypto-currency), or as a financial side-infrastructure to support retail payments in fiat currencies. FastPay is based on Byzantine Consistent Broadcast as its core primitive, foregoing the expenses of full atomic commit channels (consensus). The resulting system has low-latency for both confirmation and payment finality. Remarkably, each authority can be sharded across many machines to allow unbounded horizontal scalability. Our experiments demonstrate intra-continental confirmation latency of less than 100ms, making FastPay applicable to point of sale payments. In laboratory environments, we achieve over 80,000 transactions per second with 20 authorities---surpassing the requirements of current retail card payment networks, while significantly increasing their robustness