Beyond Chains: the potential and challenges of DAG-based Distributed Ledgers

Lecture Series FS23 ——“Beyond Chains: the potential and challenges of DAG-based Distributed Ledgers".

Co-organized by UZH Blockchain Center, Trust Square, Dezentrum.

Speaker:
Prof. Sebastian Müller
(Applied mathematics at the University of Aix-Marseille)

When: 18 April 2023 18:15
Where: [Hybrid] KOL-G-221, University of Zürich, Rämistrasse 71, 8006 Zürich | Online via Zoom

Abstract:
Directed Acyclic Graphs (DAGs) offer a compelling alternative to traditional chain-based Distributed Ledger Technologies (DLTs) by enhancing scalability, throughput, and security. In this presentation, we will dissect critical design elements and compromises inherent in DAG-based DLTs, touching on consensus mechanisms and various approaches to writing access. Participants will gain insight into the delicate equilibrium among performance, security, and decentralization and the extent to which these factors can be mathematically modelled. Finally, the presentation will explore the recent DAG-based IOTA 2.0 consensus, elucidating its design rationale and underlying principles.

BIO:
Sebastian Müller is an Associate Professor of applied mathematics at the University of Aix-Marseille, currently working intensively with the IOTA foundation to explore the limits of probabilistic consensus protocols. He received his Ph.D. in mathematics from the University of Münster and has research interests that encompass probability theory and its applications.

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