44.8CRApr 30
MEV in Binance BuilderQin Wang, Ruiqiang Li, Guangsheng Yu et al.
We study builder-driven MEV arbitrage on BNB Smart Chain (BSC). BSC's Proposer-Builder Separation (PBS) adopts a leaner design: only whitelisted builders can participate, blocks are produced at shorter intervals, and private order flow bypasses the public mempool. These features have long raised community concerns over centralization, which we empirically confirm by tracing the arbitrage activities of the two dominant builders from Apr. 1, 2025 to Feb. 28, 2026 (full observable activity cycle). Within months, the two leading builders, \bd{48Club} and \bd{Blockrazor}, produced over 87\% of blocks and captured about 90\%+ of MEV profits. We find that profits concentrate in short, low-hop arbitrage routes over wrapped tokens and stablecoins, and that block construction rapidly converges toward monopoly. Beyond concentration alone, our analysis reveals a structural source of inequality: BSC's short block interval and whitelisted PBS collapse the contestable window for MEV competition, amplifying latency advantages and excluding slower builders and searchers. MEV extraction on BSC is not only more centralized than on Ethereum, but also structurally more vulnerable to censorship and fairness erosion.
DCJul 21, 2020
ZLB: A Blockchain to Tolerate Colluding MajoritiesAlejandro Ranchal-Pedrosa, Vincent Gramoli
In the general setting, consensus cannot be solved if an adversary controls a third of the system. Yet, blockchain participants typically reach consensus "eventually" despite an adversary controlling a minority of the system. Exceeding this $\frac{1}{3}$ cap is made possible by tolerating transient disagreements, where distinct participants select distinct blocks for the same index, before eventually agreeing to select the same block. Until now, no blockchain could tolerate an attacker controlling a majority of the system. In this paper, we present Zero-Loss Blockchain (ZLB), the first blockchain that tolerates an adversary controlling more than half of the system. ZLB is an open blockchain that combines recent theoretical advances in accountable Byzantine agreement to exclude undeniably deceitful replicas. progressively reduces the portion of deceitful replicas below $\frac{1}{3}$, and reaches consensus. Geo-distributed experiments show that ZLB outperforms HotStuff and is almost as fast as the scalable Red Belly Blockchain that cannot tolerate $n/3$ faults.
CRDec 22, 2019
Dispel: Byzantine SMR with Distributed PipeliningGauthier Voron, Vincent Gramoli
Byzantine State Machine Replication (SMR) is a long studied topic that received increasing attention recently with the advent of blockchains as companies are trying to scale them to hundreds of nodes. Byzantine SMRs try to increase throughput by either reducing the latency of consensus instances that they run sequentially or by reducing the number of replicas that send messages to others in order to reduce the network usage. Unfortunately, the former approach makes use of resources in burst whereas the latter requires CPU-intensive authentication mechanisms. In this paper, we propose a new Byzantine SMR called Dispel (Distributed Pipeline) that allows any node to distributively start new consensus instances whenever they detect sufficient resources locally. We evaluate the performance of Dispel within a single datacenter and across up to 380 machines over 3 continents by comparing it against four other SMRs. On 128 nodes, Dispel speeds up HotStuff, the Byzantine fault tolerant SMR being integrated within Facebook's blockchain, by more than 12 times. In addition, we also test Dispel under isolated and correlated failures and show that the Dispel distributed design is more robust than HotStuff. Finally, we evaluate Dispel in a cryptocurrency application with Bitcoin transactions and show that this SMR is not the bottleneck.
LGOct 29, 2019
Federated Learning over Wireless Networks: Convergence Analysis and Resource AllocationCanh T. Dinh, Nguyen H. Tran, Minh N. H. Nguyen et al.
There is an increasing interest in a fast-growing machine learning technique called Federated Learning, in which the model training is distributed over mobile user equipments (UEs), exploiting UEs' local computation and training data. Despite its advantages in data privacy-preserving, Federated Learning (FL) still has challenges in heterogeneity across UEs' data and physical resources. We first propose a FL algorithm which can handle the heterogeneous UEs' data challenge without further assumptions except strongly convex and smooth loss functions. We provide the convergence rate characterizing the trade-off between local computation rounds of UE to update its local model and global communication rounds to update the FL global model. We then employ the proposed FL algorithm in wireless networks as a resource allocation optimization problem that captures the trade-off between the FL convergence wall clock time and energy consumption of UEs with heterogeneous computing and power resources. Even though the wireless resource allocation problem of FL is non-convex, we exploit this problem's structure to decompose it into three sub-problems and analyze their closed-form solutions as well as insights to problem design. Finally, we illustrate the theoretical analysis for the new algorithm with Tensorflow experiments and extensive numerical results for the wireless resource allocation sub-problems. The experiment results not only verify the theoretical convergence but also show that our proposed algorithm outperforms the vanilla FedAvg algorithm in terms of convergence rate and testing accuracy.
CRFeb 26, 2019
The Attack of the Clones Against Proof-of-AuthorityParinya Ekparinya, Vincent Gramoli, Guillaume Jourjon
In this paper, we explore vulnerabilities and countermeasures of the recently proposed blockchain consensus based on proof-of-authority. The proof-of-work blockchains, like Bitcoin and Ethereum, have been shown both theoretically and empirically vulnerable to double spending attacks. This is why Byzantine fault tolerant consensus algorithms have gained popularity in the blockchain context for their ability to tolerate a limited number t of attackers among n participants. We formalize the recently proposed proof-of-authority consensus algorithms that are Byzantine fault tolerant by describing the Aura and Clique protocols present in the two mainstream implementations of Ethereum. We then introduce the Cloning Attack and show how to apply it to double spend in each of these protocols with a single malicious node. Our results show that the Cloning Attack against Aura is always successful while the same attack against Clique is about twice as fast and succeeds in most cases.
CRDec 31, 2018
Evaluating the Red Belly BlockchainTyler Crain, Christopher Natoli, Vincent Gramoli
In this paper, we present the most extensive evaluation of blockchain system to date. To achieve scalability across servers in more than 10 countries located on 4 different continents, we drastically revisited Byzantine fault tolerant blockchains and verification of signatures. The resulting blockchain, called the Red Belly Blockchain (RBBC), commits more than a hundred thousand transactions issued by permissionless nodes. These transactions are grouped into blocks within few seconds through a partially synchronous consensus run by permissioned nodes. It prevents double spending by guaranteeing that a unique block is decided at any given index of the chain in a deterministic way by all participants. We compared the performance of RBBC against traditional Byzantine fault tolerant alternatives and more recent randomized solutions. In the same geo-distributed environment with low-end machines, we noticed two interesting comparisons: (i) the RBBC throughput scales to hundreds of machines whereas the classic 3-step leader-based BFT state machine used by consortium blockchains cannot scale to 40 identically configured nodes; (ii) RBBC guarantees transaction finality in 3 seconds and experiences a third of the latency that randomized-based solutions like HoneyBadgerBFT can offer. This empirical evaluation demonstrates that blockchain scalability can be achieved without sacrificing security.
CRMay 14, 2018
Double-Spending Risk Quantification in Private, Consortium and Public Ethereum BlockchainsParinya Ekparinya, Vincent Gramoli, Guillaume Jourjon
Recently, several works conjectured the vulnerabilities of mainstream blockchains under several network attacks. All these attacks translate into showing that the assumptions of these blockchains can be violated in theory or under simulation at best. Unfortunately, previous results typically omit both the nature of the network under which the blockchain code runs and whether blockchains are private, consortium or public. In this paper, we study the public Ethereum blockchain as well as a consortium and private blockchains and quantify the feasibility of man-in-the-middle and double spending attacks against them. To this end, we list important properties of the Ethereum public blockchain topology, we deploy VMs with constrained CPU quantum to mimic the top-10 mining pools of Ethereum and we develop full-fledged attacks, that first partition the network through BGP hijacking or ARP spoofing before issuing a Balance Attack to steal coins. Our results demonstrate that attacking Ethereum is remarkably devastating in a consortium or private context as the adversary can multiply her digital assets by 200, 000x in 10 hours through BGP hijacking whereas it would be almost impossible in a public context.
DCFeb 10, 2017
DBFT: Efficient Byzantine Consensus with a Weak Coordinator and its Application to Consortium BlockchainsTyler Crain, Vincent Gramoli, Mikel Larrea et al.
This paper introduces a deterministic Byzantine consensus algorithm that relies on a new weak coordinator. As opposed to previous algorithms that cannot terminate in the presence of a faulty or slow coordinator, our algorithm can terminate even when its coordinator is faulty, hence the name weak coordinator. The key idea is to allow processes to complete asynchronous rounds as soon as they receive a threshold of messages, instead of having to wait for a message from a coordinator that may be slow. The resulting algorithm assumes partial synchrony, is resilience optimal, time optimal and does not need signatures. Our presentation is didactic: we first present a simple safe binary Byzantine consensus algorithm, modify it to ensure termination, and finally present an optimized reduction from multivalue consensus to binary consensus that may terminate in 4 message delays. To evaluate our algorithm, we deployed it on 100 machines distributed in 5 datacenters across different continents and compared its performance against the randomized solution from Mostefaoui, Moumem and Raynal [PODC14] that terminates in O(1) rounds in expectation. Our algorithm always outperforms the latter even in the presence of Byzantine behaviors. Our algorithm has a subsecond average latency in most of our geo-distributed experiments, even when attacked by a well-engineered coalition of Byzantine processes.
DCDec 30, 2016
The Balance Attack Against Proof-Of-Work Blockchains: The R3 Testbed as an ExampleChristopher Natoli, Vincent Gramoli
In this paper, we identify a new form of attack, called the Balance attack, against proof-of-work blockchain systems. The novelty of this attack consists of delaying network communications between multiple subgroups of nodes with balanced mining power. Our theoretical analysis captures the precise tradeoff between the network delay and the mining power of the attacker needed to double spend in Ethereum with high probability. We quantify our probabilistic analysis with statistics taken from the R3 consortium, and show that a single machine needs 20 minutes to attack the consortium. Finally, we run an Ethereum private chain in a distributed system with similar settings as R3 to demonstrate the feasibility of the approach, and discuss the application of the Balance attack to Bitcoin. Our results clearly confirm that main proof-of-work blockchain protocols can be badly suited for consortium blockchains.