Front-running has been an issue in financial instrument markets since the 1970s. With the advent of the blockchain technology, front-running has resurfaced in new forms we explore here, instigated by blockchains decentralized and transparent nature. In this paper, we draw from a scattered body of knowledge and instances of front-running across the top 25 most active decentral applications (DApps) deployed on Ethereum blockchain, and an instance of abnormal behaviour of a mining pool to participate in an ICO. We also introduce a taxonomy of front-running attacks on blockchain and map the proposed solutions to front-running into useful categories.
Published at Financial Cryptography and Data Security 2019: https://arxiv.org/abs/1902.05164
Creating an account on our site will allow you to customize your news stream and unlock additional functionalities!
The primary benefit of registring an account is that will give you the ability to customize your news feed and
select the sources from which your news are displayed.
In addition to this, registered users can
'Like' specific news items, thus showing their support and appreciation for the item
Comment on news items and rate comments
Propose new 'tags' on news items to improve searchability
The ability to engage in all of these actions is driven by a site-specific internal virtual currency
which we call Kreds. In order to encourage our users to use their moderation and
participation abilities responsibly, each action you perform will cost you a certain amount of Kreds.
You are automatically awarded a certain amount of Kreds every day and can earn Kreds by leaving comments
or propose tags which the community then approves through the on-site voting capabilities.
You have to be logged in to vote up news.
You don't have enough Kreds to execute this action.