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Transparent Dishonesty: Blockchain Front-running Taxonomy

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Transparent Dishonesty: Blockchain Front-running Taxonomy

Duration: 00:05:07

Speaker: Shayan Eskandari

Type: Breakout

Expertise: Advanced

Event: Devcon 5

Date: Oct 2019

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

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Shayan Eskandari

PhD Student, Blockchain Whisperer

Shayan Eskandari is a Phd student in Information Systems Engineering program at Concordia University, also he has been involved in many projects in the blockchain space in the last 6 years. His MASc thesis in 2015 was on Bitcoin usability in real-world use cases and his PhD thesis is looking at STS (Society Technology and Science) perspective on Blockchain technology and also working on a collaborative academic project on Decentral Order books. His roles including but not limited to, Blockchain engineer at Bitaccess Inc startup, Opensource contributor to projects such as web3.js, MIST, truffle, pycoin and many more.

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