Jieli Liu

Jieli Liu, Weilin Zheng, Dingyuan Lu et al.

Recently, many Delegated Proof-of-Stake (DPoS)-based blockchains have been widely used in decentralized applications, such as EOSIO, Tron, and Binance Smart Chain. Compared with traditional PoW-based blockchain systems, these systems achieve a higher transaction throughput and are well adapted to large-scale scenes in daily applications. Decentralization is a key element in blockchain networks. However, little is known about the evolution of decentralization in DPoS-based blockchain networks. In this paper, we conduct a systematic analysis on the decentralization of DPoS with data from up to 135,000,000 blocks in EOSIO, the first successful DPoS-based blockchain system. We characterize the decentralization evolution of the two phases in DPoS, namely block producer election and block production. Moreover, we study the voters with similar voting behaviors and propose methods to discover abnormal mutual voting behaviors in EOSIO. The analytical results show that our methods can effectively capture the decentralization evolution and abnormal voting phenomena in the system, which also have reference significance for other DPoS-based blockchains.

Zhiying Wu, Jieli Liu, Jiajing Wu et al.

Security incidents such as scams and hacks, have become a major threat to the health of the blockchain ecosystem, causing billions of dollars in losses each year for blockchain users. To reveal the real-world entities behind the pseudonymous blockchain account and recover the stolen funds from the massive transaction data, much effort has been devoted to tracing the flow of illicit funds in blockchains recently. However, most current tracing approaches based on heuristics and taint analysis have limitations in terms of universality, effectiveness, and efficiency. This paper models the blockchain transaction records as a blockchain transaction graph and tackles blockchain transaction tracing as a graph searching task. We propose TRacer, a scalable transaction tracing tool for account-based blockchains. To infer the relevance between accounts during graph searching, we develop a novel personalized PageRank method in TRacer based on the directed, weighted, temporal, and multi-relationship blockchain transaction graphs. To the best of our knowledge, TRacer is the first intelligent transaction tracing tool in account-based blockchains that can handle complex transaction actions in decentralized finance (DeFi). Experimental results and theoretical analysis prove that TRacer can complete the transaction tracing task effectively at a low cost. All codes of TRacer are available at GitHub.