SOK: Cryptocurrency networking context, state-of-the-art, challenges

Maya Dotan, Yvonne Anne Pignolet, Stefan Schmid, Saar Tochner, Aviv Zohar

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

10 Scopus citations

Abstract

Cryptocurrencies such as Bitcoin are realized using distributed systems and hence critically rely on the performance and security of the interconnecting network. The requirements on these networks and their usage, however can differ significantly from traditional communication networks, with implications on all layers of the protocol stack. This paper is motivated by these differences, and in particular by the observation that many fundamental design aspects of these networks are not well-understood today. In order to support the networking community to contribute to this emerging application domain, we present a structured overview of the field, from topology and neighbor discovery to block and transaction propagation. In particular, we provide the context, highlighting differences and commonalities with traditional networks, review the state-of-the-art, and identify open research challenges. Our paper can hence also be seen as a call-to-arms to improve the foundation on top of which cryptocurrencies are built.

Original languageAmerican English
Title of host publicationProceedings of the 15th International Conference on Availability, Reliability and Security, ARES 2020
PublisherAssociation for Computing Machinery
ISBN (Electronic)9781450388337
DOIs
StatePublished - 25 Aug 2020
Event15th International Conference on Availability, Reliability and Security, ARES 2020 - Virtual, Online, Ireland
Duration: 25 Aug 202028 Aug 2020

Publication series

NameACM International Conference Proceeding Series

Conference

Conference15th International Conference on Availability, Reliability and Security, ARES 2020
Country/TerritoryIreland
CityVirtual, Online
Period25/08/2028/08/20

Bibliographical note

Publisher Copyright:
© 2020 ACM.

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