Tiramisu: Layering Consensus Protocols for Scalable and Secure Blockchains

Cryptocurrencies are poised to revolutionize the modern economy by democratizing commerce. These currencies operate on top of blockchain-based distributed ledgers. Existing permissionless blockchain-based protocols offer unparalleled benefits like decentralization, anonymity, and transparency. However, these protocols suffer in performance which hinders their widespread adoption. In particular, high time-to-finality and low transaction rates keep them from replacing centralized payment systems s...