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Simulations of DAG-based Blockchain Protocols and Attacks on the PHANTOM Protocol via Transaction Selection Strategies

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PEREŠÍNI Martin HOMOLIAK Ivan MALINKA Kamil BENČIĆ Federico Matteo HLADKÝ Tomáš

Rok publikování 2022
Druh Článek ve sborníku
Konference Sborník příspěvků z 54. konference EurOpen.CZ, 28.5.-1.6.2022
Citace
Klíčová slova DAG, blockchain
Popis This work explores the performance/scalability issues of blockchain protocols. Some existing solutions present a new concept of DAG-oriented blockchain protocols to address this problem. In contrast, in this work, we investigate two unique DAG-oriented blockchain protocols – PHANTOM and GHOSTDAG and make a security analysis of their designs. To this end, we develop a custom simulator that extends the open-source simulation tool to support multiple chains within the protocol. We have empirically shown that these protocols cannot work in realistic scenarios and need to be redesigned.

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