TY - JOUR
T1 - Sybil Attack Vulnerability Trilemma
AU - Platt, Moritz
AU - Platt, Daniel
AU - McBurney, Peter
N1 - Publisher Copyright:
© 2024 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group.
PY - 2024/5/4
Y1 - 2024/5/4
N2 - Public and permissionless blockchain systems are challenged by Sybil attacks, in which attackers use multiple identities to gain control. Traditionally, such attacks are prevented by consensus mechanisms relying on resource expenditure. However, such mechanisms (e.g. proof of work) face criticism for being wasteful. To address this and other concerns, novel blockchain systems backed by new consensus mechanisms have recently emerged. We formalise three key characteristics pursued by these systems: permissionlessness, Sybil attack resistance, and freeness. We demonstrate that no blockchain protocol can simultaneously achieve all three characteristics within the paradigm established by our formalisation. Thus, a trilemma emerges for distributed ledger technology designers, who must balance these characteristics thoughtfully.
AB - Public and permissionless blockchain systems are challenged by Sybil attacks, in which attackers use multiple identities to gain control. Traditionally, such attacks are prevented by consensus mechanisms relying on resource expenditure. However, such mechanisms (e.g. proof of work) face criticism for being wasteful. To address this and other concerns, novel blockchain systems backed by new consensus mechanisms have recently emerged. We formalise three key characteristics pursued by these systems: permissionlessness, Sybil attack resistance, and freeness. We demonstrate that no blockchain protocol can simultaneously achieve all three characteristics within the paradigm established by our formalisation. Thus, a trilemma emerges for distributed ledger technology designers, who must balance these characteristics thoughtfully.
UR - http://www.scopus.com/inward/record.url?scp=85192956890&partnerID=8YFLogxK
U2 - 10.1080/17445760.2024.2352740
DO - 10.1080/17445760.2024.2352740
M3 - Article
SN - 1744-5779
VL - 39
SP - 446
EP - 460
JO - International Journal of Parallel, Emergent and Distributed Systems
JF - International Journal of Parallel, Emergent and Distributed Systems
IS - 4
ER -