This Week in Blockchain Research Issue #112
|zk Capital||Jun 9|
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Paper of the Week:
Paper Title: Designing Stable Coins.
Existing cryptocurrencies are too volatile to be used as currencies for daily payments.
Stable coins, which are cryptocurrencies pegged to other stable financial assets such as the U.S. dollar, are desirable for payments within blockchain networks, whereby being often called the “Holy Grail of cryptocurrency.”
By using the option pricing theory and the Ethereum platform that allows running smart contracts, this work designs several dual-class structures.
This work builds on the ETH cryptocurrency and offers a fixed income crypto asset (class A coin), a stable coin (class A′ coin) pegged to a traditional currency, and leveraged investment instruments (class B and B′ coins).
The investigation of the values of stable coins in presence of jump risk and black-swan type events shows the robustness of the design.
1. Paper Title: Adaptively Secure Broadcast in Resource-Restricted Cryptography.
Summary: A thorough investigation of adaptively secure broadcast both in the property-based and in the simulation-based security settings.
2. Paper Title: HEX-BLOOM: An Alternative to the Merkle Tree.
Summary: An alternative model to replace the Merkle tree implemented using hash, Exclusive-OR and Bloom Filter.
Authors: Ripon Patgiri*,
Affiliations: * National Institute of Technology Silchar.
Summary: How the Dulmage-Mendelsohn decomposition of bipartite graphs can be used to characterize the information revealed by CryptoNote transaction rings.
Authors: Saravanan Vijayakumaran*,
Affiliations: * Indian Institute of Technology Bombay.
1. Paper Title: Elmo: Recursive Virtual Payment Channels for Bitcoin.
Summary: The first Bitcoin-suitable recursive virtual channel constructor that is recursive and supports channels with an indefinite lifetime.
Summary: A simple model of a proof-of-work blockchain with latencies for both the P2P and the coordinated settings.
Authors: Mohamed Alzayat*, Johnnatan Messias*, Balakrishnan Chandrasekaran*†, Krishna P. Gummadi*, and Patrick Loiseau‡,
Summary: A multi-chains consensus scheme to defend against Diverse Miners Behaviors (DMB) attacks.
Affiliations: * Xi’an University of Posts & Telecommunications.
1. Paper Title: Etherless Ethereum Tokens: Simulating Native Tokens in Ethereum.
Summary: a design methodology and formal treatment of Ethereum tokens which allow their creator to provide the option to its users of making transfers without the need to hold Ether in their wallet.
2. Paper Title: Bitcoinmania: A Ticking Time Bomb Waiting to Explode.
Summary: Bitcoin and some altcoins may become obsolete, but blockchain will continue to forge ahead unabated as many life-changing inventions have done before.
Authors: John Taskinsoy*,
Affiliations: * Universiti Malaysia Sarawak.
Summary: This work investigates the interrelationships between NFT sales, NFT users (unique active blockchain wallets), and the pricing of Bitcoin and Ether.
Authors: Lennart Ante*,
Affiliations: * University of Hamburg.
Summary: This essay explores blockchain’s implication for the art market, examines blockchain’s potentials and constraints, and proposes a starting point for the art world to reach consensus.
Authors: Yujia Zheng*,
Affiliations: * New York University.
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