Projects per year
Blockchain as a new technology has created a great amount of hype and hope for different applications. There is a promise of a better, decentralised trust based on strict guarantees from cryptography. However, there is a great similarity in the structure of blockchains and classical iterated hash functions of the Merkle-Damgård (M-D) type. As the structure of M-D type hash functions has been extensively studied and many different structural weaknesses have been exposed, it is plausible to think that blockchains also share these structural problems. In this paper, we present the most relevant problems of M-D type hash functions and their relation to blockchains. We also examine how these might affect currently established blockchains. Our results can help in avoiding some problems in the design of new blockchain systems and also provide some (theoretical) limits on the trustworthiness of current blockchains.
|Title of host publication||Proceedings - 2018 IEEE 18th International Conference on Software Quality, Reliability, and Security Companion, QRS-C 2018|
|Publisher||IEEE Institute of Electrical and Electronic Engineers|
|Number of pages||6|
|Publication status||Published - 9 Aug 2018|
|MoE publication type||Not Eligible|
|Event||18th IEEE International Conference on Software Quality, Reliability, and Security Companion, QRS-C 2018 - Lisbon, Portugal|
Duration: 16 Jul 2018 → 20 Jul 2018
|Conference||18th IEEE International Conference on Software Quality, Reliability, and Security Companion, QRS-C 2018|
|Period||16/07/18 → 20/07/18|
- Consensus mechanism
- Iterated hash functions
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- 1 Finished
Savolainen, P., Savola, R., Vähä-Heikkilä, T. & Honka, H.
1/04/16 → 30/04/19
Project: Business Finland project