What a lovely hat

Blockchain-based auction markets offer stronger fairness and transparency compared to their centralized counterparts. Deposits and sealed bid formats are usually applied to enhance security and privacy. However, to our best knowledge, the formal treatment of deposit-enabled sealed-bid auctions remains lacking in the cryptographic literature. To address this gap, we first propose a decentralized anonymous deposited-bidding (DADB) scheme, providing formal syntax and security definitions....

Automated market makers (AMMs) are a form of decentralized cryptocurrency exchanges that have attracted huge interest lately. They are considered a prime example of Decentralized Finance (DeFi) applications, a large category under Web 3.0. Their popularity and high trading activity have resulted in millions of on-chain transactions leading to serious scalability issues in terms of throughput and on-chain state size. Existing scalability solutions, when employed in the context of AMMs, are...

Cryptocurrencies and blockchain technology provide an innovative model for reshaping digital services. Driven by the movement toward Web 3.0, recent systems started to provide distributed services, such as computation outsourcing or file storage, on top of the currency exchange medium. By allowing anyone to join and collect cryptocurrency payments for serving others, these systems create decentralized markets for trading digital resources. Yet, there is still a big gap between the promise of...

Blockchains suffer from scalability limitations, both in terms of latency and throughput. Various approaches to alleviate this have been proposed, most prominent of which are payment and state channels, sidechains, commit-chains, rollups, and sharding. This work puts forth a novel commit-chain protocol, Bitcoin Clique. It is the first trustless commit-chain that is compatible with all major blockchains, including (an upcoming version of) Bitcoin. Clique enables a pool of users to pay each...

As the number of blockchain projects grows, efficient cross-chain interoperability becomes more necessary. A common cross-chain protocol is the two-way peg, which is typically used to transfer assets between blockchains and their sidechains. The criticality of cross-chain protocols require that they are designed with strong security models, which can reduce usability in the form of long transfer times. In this paper, we present Flyover, a repayment protocol to speed up the transfer of...

Cross-chain communication is instrumental in unleashing the full potential of blockchain technologies, as it allows users and developers to exploit the unique design features and the profit opportunities of different existing blockchains. The majority of interoperability solutions are provided by centralized exchanges and bridge protocols based on a trusted majority, both introducing undesirable trust assumptions compared to native blockchain assets. Hence, increasing attention has been...

With the advancement of blockchain technology, hundreds of cryptocurrencies have been deployed. The bloom of heterogeneous blockchain platforms brings a new emerging problem: typically, various blockchains are isolated systems, how to securely identify and/or transfer digital properties across blockchains? There are three main kinds of cross-chain approaches: sidechains/relays, notaries, and hashed time-lock contracts. Among them, notary-based cross-chain solutions have the best...

In the Zendoo white paper we introduced a novel sidechain construction for Bitcoin-like blockchains, which allows a mainchain to create and communicate with sidechains of different types without knowing their internal structure. In this paper, we take a step further by introducing a comprehensive method for sidechains to communicate amongst each other. We will also discuss the details of a cross-chain token transfer protocol that extends the generic communication mechanism. With the...

In recent years, Bitcoin and Ethereum have emerged as the two largest and most popular blockchain networks. While Bitcoin provides the most secure digital asset, Ethereum provides the smart contract execution platform with the richest application ecosystem. In this paper, we present RSK, a sidechain that extends Bitcoin with Ethereum-compatible and stateful smart contract functionality. RSK's goal is to bring Ethereum's advantages to Bitcoin, allowing Bitcoin users to fully benefit from...

BitBadges is a privacy preserving distributed identity platform that plans on utilizing CouchDB, the decentralized-internet SDK by Lonero, Blake3 hashing, and a PoCP or Proof of Computation consensus algorithm. It is privacy-preserving and offers a unique proposition for traditional blockchains centered around consensus algorithms. This paper introduces the conceptual design for BitBadges in its second version and as its own blockchain platform and cryptocurrency. The aim is to introduce...

This is team SmartPools’ submission for the first Ergo Hackathon. It suggests that Ergo lacks the decentralization, and focus on regular people that it was designed for, and presents a potential solution for these problems in laying the framework for crowdfunded smart contract pools compatible with non-outsourceabilty. It should allow for pool formation with a greater level of decentralization than previously possible by including metrics for diminishing returns on over-contributing hash...

In our previous paper we introduced a novel SNARK-based construction, called Zendoo, that allows Bitcoin-like blockchains to create and communicate with sidechains of different types without knowing their internal structure. We also introduced a specific construction, called Latus, allowing creation of fully verifiable sidechains. But in there we omitted a detailed description of an incentive scheme for Latus that is an essential element of a real decentralized system. This paper fills the...

This paper extends an abstract formal model of UTxO-based and account-based transactions to allow the creation and use of multiple cryptocurrencies on a single ledger. The new model also includes a general framework to establish and enforce monetary policies for created currencies. In contrast to alternative approaches, all currencies in this model exist natively on the ledger and do not necessarily depend on a main currency. In comparison to non-native approaches based on scripts and smart...

We facilitate trusted cross-blockchain state proofs by implementing a chain-relay that validates block headers from proof-of-work blockchains. While current approaches require proof sizes linear to the amount of blocks the state was built on, trusted intermediaries, or economic assumptions, we propose the utilization of off-chain computations through zkSNARKs to provide a cryptographically secure and highly scalable sidechain mechanism. Multiple block headers are included in batches and...

Sidechains are an appealing innovation devised to enable blockchain scalability and extensibility. The basic idea is simple yet powerful: construct a parallel chain - sidechain - with desired features, and provide a way to transfer coins between the mainchain and the sidechain. In this paper, we introduce Zendoo, a construction for Bitcoin-like blockchain systems that allows the creation and communication with sidechains of different types without knowing their internal structure. We...

Since the inception of Bitcoin, a plethora of distributed ledgers differing in design and purpose has been created. While by design, blockchains provide no means to securely communicate with external systems, numerous attempts towards trustless cross-chain communication have been proposed over the years. Today, cross-chain communication (CCC) plays a fundamental role in cryptocurrency exchanges, scalability efforts via sharding, extension of existing systems through sidechains, and...

Sidechains have long been heralded as the key enabler of blockchain scalability and interoperability. However, no modeling of the concept or a provably secure construction has so far been attempted. We provide the first formal definition of what a sidechain system is and how assets can be moved between sidechains securely. We put forth a security definition that augments the known transaction ledger properties of persistence and liveness to hold across multiple ledgers and enhance them ...

During the last decade, the blockchain space has exploded with a plethora of new cryptocurrencies, covering a wide array of different features, performance and security characteristics. Nevertheless, each of these coins functions in a stand-alone manner, independently. Sidechains have been envisioned as a mechanism to allow blockchains to communicate with one another and, among other applications, allow the transfer of value from one chain to another, but so far there have been no...

Open consensus protocols based on proof-of-work (PoW) mining are at the core of cryptocurrencies such Bitcoin and Ethereum, as well as many others. In this work, we construct a new primitive called Non-Interactive Proofs of Proof-of-Work (NIPoPoWs) that can be adapted into existing PoW-based cryptocurrencies to improve their performance and extend their functionality. Unlike a traditional blockchain client which must verify the entire linearly-growing chain of PoWs, clients based on NIPoPoWs...