FIRST: FrontrunnIng Resilient Smart ConTracts

arXiv:2204.00955v2 Announce Type: replace
Abstract: Owing to the meteoric rise in the usage of cryptocurrencies, there has been a widespread adaptation of traditional financial applications such as lending, borrowing, margin trading, and more, to the cryptocurrency realm. In some cases, the inherently transparent and unregulated nature of cryptocurrencies leads to attacks on users of these applications. One such attack is frontrunning, where a malicious entity leverages the knowledge of currently unprocessed financial transactions submitted by users and attempts to get …

adaptation applications arxiv attacks cases contracts cryptocurrencies cryptocurrency cs.cr financial frontrunning lending nature realm resilient smart smart contracts trading