Concept

Decentralized finance

Related publications (24)

Altruism, reciprocity, and tokens to reward forwarding data: Is that fair?

Verónica del Carmen Estrada Galiñanes, Arman Babaei

Decentralized storage networks offer services with intriguing possibilities to reduce inequalities in an extremely centralized market. Fair distribution of rewards, however, is still a persistent problem in the current generation of decentralized applicati ...

2024

Towards General-Purpose Decentralized Computing with Permissionless Extensibility

Enis Ceyhun Alp

Smart contracts have emerged as the most promising foundations for applications of the blockchain technology. Even though smart contracts are expected to serve as the backbone of the next-generation web, they have several limitations that hinder their wide ...

EPFL2024

Optimization Algorithms for Decentralized, Distributed and Collaborative Machine Learning

Anastasiia Koloskova

Distributed learning is the key for enabling training of modern large-scale machine learning models, through parallelising the learning process. Collaborative learning is essential for learning from privacy-sensitive data that is distributed across various ...

EPFL2024

Leaderless consensus

Rachid Guerraoui, Gauthier Jérôme Timothée Voron, Vincent Gramoli, Mihail Igor Zablotchi, Karolos Antoniadis, Antoine Philippe Matthieu Desjardins

Classic synchronous consensus algorithms are leaderless in that processes exchange proposals, choose the maximum value and decide when they see the same choice across a couple of rounds. Indulgent consensus algorithms are typically leader-based. Although t ...

ACADEMIC PRESS INC ELSEVIER SCIENCE2023

EOS: Efficient Private Delegation of zkSNARK Provers

Alessandro Chiesa, Yinuo Zhang

Succinct zero knowledge proofs (i.e. zkSNARKs) are powerful cryptographic tools that enable a prover to convince a verifier that a given statement is true without revealing any additional information. Their attractive privacy properties have led to much ac ...

Usenix Assoc2023

Anonymous Tokens with Stronger Metadata Bit Hiding from Algebraic MACs

Serge Vaudenay, Fatma Betül Durak

On the one hand, the web needs to be secured from malicious activities such as bots or DoS attacks; on the other hand, such needs ideally should not justify services tracking people's activities on the web. Anonymous tokens provide a nice tradeoff between ...

2023

Flash Freezing Flash Boys: Countering Blockchain Front-Running

Bryan Alexander Ford, Verónica del Carmen Estrada Galiñanes, Louis-Henri Manuel Jakob Merino, Haoqian Zhang

Front-running, the practice of benefiting from advanced knowledge of pending transactions, has proliferated in the cryptocurrency space with the emergence of decentralized finance. Front-running causes devastating losses to honest participants-estimated at ...

IEEE2022

Infochain: A Decentralized, Trustless and Transparent Oracle on Blockchain

Boi Faltings, Naman Goel, Aris Filos Ratsikas

Blockchain based systems allow various kinds of financial transactions to be executed in a decentralized manner. However, these systems often rely on a trusted third party (oracle) to get correct information about the real-world events, which trigger the f ...

2022

Revisiting Tendermint: Design Tradeoffs, Accountability, and Practical Use

Rachid Guerraoui, Jovan Komatovic, Zarko Milosevic, Dragos-Adrian Seredinschi

Tendermint is a deterministic consensus protocol and is one of the most mature implementations of its kind. This implementation is used as the core for building State Machine Replication (SMR) platforms with Byzantine fault-tolerant (BFT) guarantees. A not ...

IEEE2022

Heterogeneity in decentralized asset markets

Julien Hugonnier

We study a canonical model of decentralized exchange for a durable good or asset, where agents are assumed to have time-varying, heterogeneous utility types. Whereas the existing literature has focused on the special case of two types, we allow agents' uti ...

ECONOMETRIC SOCIETY2022

Frugal Decentralized Learning

Anne-Marie Kermarrec

Machine learning is currently shifting from a centralized paradigm to decentralized ones where machine learning models are trained collaboratively. In fully decentralized learning algorithms, data remains where it was produced, models are trained locally a ...

IEEE2022

CALYPSO: Private Data Management for Decentralized Ledgers

Bryan Alexander Ford, Linus Gasser, Eleftherios Kokoris Kogias, Philipp Svetolik Jovanovic, Enis Ceyhun Alp

Distributed ledgers provide high availability and integrity, making them a key enabler for practical and secure computation of distributed workloads among mutually distrustful parties. Many practical applications also require strong confidentiality, howeve ...

2021

Clouseau: Blockchain-based Data Integrity for HDFS Clusters

Ioannis Mytilinis

As the volume of produced data is exponentially increasing, companies tend to rely on distributed systems to meet the surging demand for storage capacity. With the business workflows becoming more and more complex, such systems often consist of or are acce ...

IEEE COMPUTER SOC2021

Privacy-preserving photo sharing based on blockchain

Touradj Ebrahimi, Pablo Pfister

Sharing photos online has become an extremely popular activity, raising a wide concern on privacy issues related to the shared content. ProShare, a photo-sharing solution developed by Multimedia Signal Processing Group of EPFL addresses some of these priva ...

SPIE-INT SOC OPTICAL ENGINEERING2020

Drynx: Decentralized, Secure, Verifiable System for Statistical Queries and Machine Learning on Distributed Datasets

Jean-Pierre Hubaux, Juan Ramón Troncoso-Pastoriza, David Jules Froelicher, Joao André Gomes de Sá e Sousa

Data sharing has become of primary importance in many domains such as big-data analytics, economics and medical research, but remains difficult to achieve when the data are sensitive. In fact, sharing personal information requires individuals' unconditiona ...

2020

Walkman: A Communication-Efficient Random-Walk Algorithm for Decentralized Optimization

Ali H. Sayed, Kun Yuan

This paper introduces a new algorithm for consensus optimization in a multi-agent network, where all agents collaboratively find a minimizer for the sum of their private functions. All decentralized algorithms rely on communications between adjacent nodes. ...

IEEE-INST ELECTRICAL ELECTRONICS ENGINEERS INC2020

Rethinking General-Purpose Decentralized Computing

Bryan Alexander Ford, Eleftherios Kokoris Kogias, Georgia Fragkouli, Enis Ceyhun Alp

While showing great promise, smart contracts are difficult to program correctly, as they need a deep understanding of cryptography and distributed algorithms, and offer limited functionality, as they have to be deterministic and cannot operate on secret da ...

Association for Computing Machinery2019

The Consensus Number of a Cryptocurrency

Rachid Guerraoui, Dragos-Adrian Seredinschi, Matej Pavlovic, Matteo Monti

Many blockchain-based algorithms, such as Bitcoin, implement a decentralized asset transfer system, often referred to as a cryptocurrency. As stated in the original paper by Nakamoto, at the heart of these systems lies the problem of preventing double-spen ...

ASSOC COMPUTING MACHINERY2019

OmniLedger: A Secure, Scale-Out, Decentralized Ledger via Sharding

Bryan Alexander Ford, Linus Gasser, Eleftherios Kokoris Kogias, Philipp Svetolik Jovanovic, Nicolas Gailly

Designing a secure permissionless distributed ledger (blockchain) that performs on par with centralized payment processors, such as Visa, is a challenging task. Most existing distributed ledgers are unable to scale-out, i.e., to grow their total processing ...

IEEE2018

COLA: Decentralized Linear Learning

Martin Jaggi, Lie He

Decentralized machine learning is a promising emerging paradigm in view of global challenges of data ownership and privacy. We consider learning of linear classification and regression models, in the setting where the training data is decentralized over ma ...

2018