Three technical aspects and security issues of Ethereum

Hongtian Shi; Ting Xiao; Jiayi Zhang

doi:10.1117/12.2675425

25 May 2023 Three technical aspects and security issues of Ethereum

Hongtian Shi, Ting Xiao, Jiayi Zhang

Proceedings Volume 12636, Third International Conference on Machine Learning and Computer Application (ICMLCA 2022); 126362Z (2023) https://doi.org/10.1117/12.2675425
Event: Third International Conference on Machine Learning and Computer Application (ICMLCA 2022), 2022, Shenyang, China

Abstract

Ethereum is a blockchian-based technology that enables a public ledger to be created and maintained without a trusted third party. Ethereum uses elliptic curve cryptography to create accounts and signature, the consensus of PoW as well as PoS to verify transactions and create blocks, and stores data in the modified Merkle Patricia tree. This paper introduced the main three technical aspects of Ethereum and updated some concepts as its technology is updating over time. At the time of Ethereum's transition from PoW to PoS, this paper compared the two mechanism and concluded that PoS is more vulnerable to security issues and more analysis is needed to maintain its long-time security. The paper also discussed uncle block attack and proposed two possible strategies to prevent.

Citation Download Citation

Hongtian Shi, Ting Xiao, and Jiayi Zhang "Three technical aspects and security issues of Ethereum", Proc. SPIE 12636, Third International Conference on Machine Learning and Computer Application (ICMLCA 2022), 126362Z (25 May 2023); https://doi.org/10.1117/12.2675425

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