This Week in Blockchain Research Issue #105

Issue #105


Issue #105

Paper of the Week:

Paper Title: Virtual Art and Non-fungible Tokens.


  1. During early 2021 reports emerged of newfound excitement in the art world as a landmark sale of digital art for $ 69 million takes place.

  2. Fueled in part by the wealth recently created from digital currencies, major art dealers such as Christie’s and Sotheby’s embrace this new development.

  3. What then are nonfungible tokens, how is this related to the blockchain and what do we know about this ancient market for digital art?

  4. It now appears that digital art can be added to the growing list of uses for blockchain technology now becoming a part of modern life.

  5. This article first discusses the new and explosive market for digital art and it explores the evolution of the digital world and virtual property.

  6. It explores nonfungible tokens and presents a few thoughts about the future of digital property.

  7. This dramatic extention of blockchain and other digital technology to the world of art and music represents a new and exciting platform for creative expression.

AuthorsLawrence J. Trautman*,

Affiliations: * Prairie View A&M University.


1. Paper Title: TSGN: Transaction Subgraph Networks for Identifying Ethereum Phishing Accounts.

Summary: A novel transaction subgraph network (TSGN) model for phishing account identification.

Authors: Jinhuan Wang*, Pengtao Chen*, Shanqing Yu*, and Qi Xuan*†,

Affiliations* Zhejiang University of Technology and † Peng Cheng Laboratory.

2. Paper Title: SAILFISH: Vetting Smart Contract State-Inconsistency Bugs in Seconds.

Summary: A scalable system for automatically finding state-inconsistency bugs in smart contracts.

Authors: Priyanka Bose, Dipanjan Das, Yanju Chen, Yu Feng, Christopher Kruegel, and Giovanni Vigna*,

Affiliations* UC Santa Barbara.

3. Paper Title: Ponzi Scheme Detection in Ethereum Transaction Network.

Summary: This work collects transaction records from Ethereum and detects Ponzi schemes from a network perspective.

Authors: Shanqing Yu*, Jie Jin*, Yunyi Xie*, Jie Shen*, and Qi Xuan*†,

Affiliations* Zhejiang University of Technology and † Peng Cheng Laboratory.

4. Paper Title: A Tractable Probabilistic Approach to Analyze Sybil Attacks in Sharding-Based Blockchain Protocols.

Summary: A probabilistic approach to analyze the security of sharding-based blockchain protocols.

Authors: Abdelatif Hafid*, Abdelhakim Senhaji Hafid*, and Mustapha Samih*,

AffiliationsUniversity of Montreal and † University of Moulay Ismail.


1. Paper Title: zkHawk: Practical Private Smart Contracts from MPC-based Hawk.

Summary: The protocol presented above facilitates Interactive Private Smart Contracts (I-PSC) wherein an Interactive protocol (MPC) between the parties is executed replacing the manager in Hawk in order to determine the outcome of the smart contract and reach consensus on the payout distribution.

Authors: Aritra Banerjee*, Michael Clear*, and Hitesh Tewari*,

Affiliations* Trinity College Dublin.

2. Paper Title: Private Liquidity Matching using MPC.

Summary: A privacy preserving netting protocol to solve the gridlock resolution problem in Real Time Gross Settlement systems.

Authors: Shahla Atapoor*, Nigel P. Smart*†, and Younes Talibi Alaoui*,

Affiliations* KU Leuven and † University of Bristol.

3. Paper Title: Bitcoin Address Clustering Method Based on Multiple Heuristic Conditions.

Summary: This work analyzes the associations between Bitcoin transactions and addresses to cluster address and further find groups of addresses controlled by the same entity.

Authors: He Xi*, He Ketai*, Lin Shenwen†, Yang Jinglin†, and Mao Hongliang†

Affiliations* University of Science and Technology Beijing and † CNCERT/CC.


No papers.


1. Paper Title: TurboIKOS: Improved Non-interactive Zero Knowledge and Post-Quantum Signatures.

Summary: A zero knowledge argument for general arithmetic circuits that is public-coin and constant rounds, so it can be made non-interactive and publicly verifiable with the Fiat-Shamir heuristic.

Authors: Yaron Gvili*, Julie Ha†, Sarah Scheffler†, Mayank Varia†, Ziling Yang†, and Xinyuan Zhang‡,

Affiliations* Cryptomnium LLC, † Boston University, and ‡ George Mason University.


1. Paper Title: Modeling and control of decision-making of miners in blockchain.

Summary: A dynamical model of the decision-making of miners in the blockchain.

Authors: Kosuke Toda*, Naomi Kuze*, and Toshimitsu Ushio*

Affiliations* Osaka University.


1. Paper Title: Non-Fungible Tokens: Blockchains, Scarcity, and Value.

Summary: How valuable is an NFT in reality? It is as valuable as people express a willingness to pay for it.

AuthorsUsman W. Chohan*,

Affiliations: * UNSW Business School.

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