Document Open Access Logo

Permissionless and Asynchronous Asset Transfer

Authors Petr Kuznetsov, Yvonne-Anne Pignolet, Pavel Ponomarev, Andrei Tonkikh

PDF
Thumbnail PDF

File

LIPIcs.DISC.2021.28.pdf
  • Filesize: 0.75 MB
  • 19 pages

Document Identifiers

Author Details

Petr Kuznetsov
  • LTCI, Télécom Paris, Institut Polytechnique de Paris, France
Yvonne-Anne Pignolet
  • DFINITY, Zürich, Switzerland
Pavel Ponomarev
  • ITMO University, Saint Petersburg, Russia
Andrei Tonkikh
  • National Research University Higher School of Economics, Saint Petersburg, Russia

Funding

  • Kuznetsov, Petr: supported by TrustShare Innovation Chair.

Cite AsGet BibTex

Petr Kuznetsov, Yvonne-Anne Pignolet, Pavel Ponomarev, and Andrei Tonkikh. Permissionless and Asynchronous Asset Transfer. In 35th International Symposium on Distributed Computing (DISC 2021). Leibniz International Proceedings in Informatics (LIPIcs), Volume 209, pp. 28:1-28:19, Schloss Dagstuhl – Leibniz-Zentrum für Informatik (2021)
https://doi.org/10.4230/LIPIcs.DISC.2021.28

Abstract

Most modern asset transfer systems use consensus to maintain a totally ordered chain of transactions. It was recently shown that consensus is not always necessary for implementing asset transfer. More efficient, asynchronous solutions can be built using reliable broadcast instead of consensus. This approach has been originally used in the closed (permissioned) setting. In this paper, we extend it to the open (permissionless) environment. We present {Pastro}, a permissionless and asynchronous asset-transfer implementation, in which quorum systems, traditionally used in reliable broadcast, are replaced with a weighted Proof-of-Stake mechanism. {Pastro} tolerates a dynamic adversary that is able to adaptively corrupt participants based on the assets owned by them.

Subject Classification

ACM Subject Classification
  • Theory of computation → Distributed algorithms
Keywords
  • Asset transfer
  • permissionless
  • asynchronous
  • dynamic adversary

Metrics

  • Access Statistics
  • Total Accesses (updated on a weekly basis)
    0
    PDF Downloads
    0
    Metadata Views

Related Versions

References

  1. Mihir Bellare and Sara K Miner. A forward-secure digital signature scheme. In Annual International Cryptology Conference, pages 431-448, Berlin, 1999. Springer. Google Scholar
  2. Iddo Bentov, Ariel Gabizon, and Alex Mizrahi. Cryptocurrencies without proof of work. In Financial Cryptography and Data Security - FC 2016 International Workshops, BITCOIN, VOTING, and WAHC, Christ Church, Barbados, February 26, 2016, Revised Selected Papers, pages 142-157, Berlin, 2016. Springer. Google Scholar
  3. Christian Cachin, Rachid Guerraoui, and Luis Rodrigues. Introduction to Reliable and Secure Distributed Programming. Springer Publishing Company, Incorporated, 2nd edition, 2011. Google Scholar
  4. Jing Chen and Silvio Micali. Algorand: A secure and efficient distributed ledger. Theor. Comput. Sci., 777:155-183, 2019. Google Scholar
  5. CoinMarketCap. Cryptocurrency prices, charts and market capitalizations, 2021. , accessed 2021-02-15. URL: https://coinmarketcap.com/.
  6. Daniel Collins, Rachid Guerraoui, Jovan Komatovic, Petr Kuznetsov, Matteo Monti, Matej Pavlovic, Yvonne Anne Pignolet, Dragos-Adrian Seredinschi, Andrei Tonkikh, and Athanasios Xygkis. Online payments by merely broadcasting messages. In 50th Annual IEEE/IFIP International Conference on Dependable Systems and Networks, DSN 2020, Valencia, Spain, June 29 - July 2, 2020, pages 26-38. IEEE, 2020. Google Scholar
  7. John R. Douceur. The sybil attack. In Peer-to-Peer Systems, First International Workshop, IPTPS 2002, Cambridge, MA, USA, March 7-8, 2002, Revised Papers, pages 251-260, Heidelberg, 2002. Springer. Google Scholar
  8. Manu Drijvers, Sergey Gorbunov, Gregory Neven, and Hoeteck Wee. Pixel: Multi-signatures for consensus. In 29th USENIX Security Symposium (USENIX Security 20), Boston, MA, 2020. USENIX Association. URL: https://www.usenix.org/conference/usenixsecurity20/presentation/drijvers.
  9. Stefan Dziembowski, Sebastian Faust, Vladimir Kolmogorov, and Krzysztof Pietrzak. Proofs of space. In Advances in Cryptology - CRYPTO 2015 - 35th Annual Cryptology Conference, Santa Barbara, CA, USA, August 16-20, 2015, Proceedings, Part II, pages 585-605, 2015. Google Scholar
  10. Jose M. Falerio, Sriram K. Rajamani, Kaushik Rajan, G. Ramalingam, and Kapil Vaswani. Generalized lattice agreement. In Darek Kowalski and Alessandro Panconesi, editors, ACM Symposium on Principles of Distributed Computing, PODC '12, Funchal, Madeira, Portugal, July 16-18, 2012, pages 125-134. ACM, 2012. Google Scholar
  11. Michael J. Fischer, Nancy A. Lynch, and Michael S. Paterson. Impossibility of distributed consensus with one faulty process. JACM, 32(2):374-382, 1985. Google Scholar
  12. David K. Gifford. Weighted voting for replicated data. In SOSP, pages 150-162, 1979. Google Scholar
  13. Yossi Gilad, Rotem Hemo, Silvio Micali, Georgios Vlachos, and Nickolai Zeldovich. Algorand: Scaling byzantine agreements for cryptocurrencies. In Proceedings of the 26th Symposium on Operating Systems Principles, pages 51-68, 2017. Google Scholar
  14. Rachid Guerraoui, Jovan Komatovic, Petr Kuznetsov, Yvonne Anne Pignolet, Dragos-Adrian Seredinschi, and Andrei Tonkikh. Dynamic Byzantine reliable broadcast. In OPODIS, 2020. Google Scholar
  15. Rachid Guerraoui, Petr Kuznetsov, Matteo Monti, Matej Pavlovic, and Dragos-Adrian Seredinschi. The consensus number of a cryptocurrency. In PODC, 2019. URL: http://arxiv.org/abs/1906.05574.
  16. Saurabh Gupta. A Non-Consensus Based Decentralized Financial Transaction Processing Model with Support for Efficient Auditing. Master’s thesis, Arizona State University, USA, 2016. Google Scholar
  17. Anne-Marie Kermarrec and Maarten van Steen. Gossiping in distributed systems. SIGOPS Oper. Syst. Rev., 41(5):2–7, 2007. URL: https://doi.org/10.1145/1317379.1317381.
  18. Aggelos Kiayias, Alexander Russell, Bernardo David, and Roman Oliynykov. Ouroboros: A provably secure proof-of-stake blockchain protocol. In Advances in Cryptology - CRYPTO 2017 - 37th Annual International Cryptology Conference, Santa Barbara, CA, USA, August 20-24, 2017, Proceedings, Part I, pages 357-388, 2017. Google Scholar
  19. Petr Kuznetsov, Yvonne-Anne Pignolet, Pavel Ponomarev, and Andrei Tonkikh. Permissionless and asynchronous asset transfer [technical report]. arXiv preprint, 2021. URL: http://arxiv.org/abs/2105.04966.
  20. Petr Kuznetsov, Thibault Rieutord, and Sara Tucci Piergiovanni. Reconfigurable lattice agreement and applications. In Pascal Felber, Roy Friedman, Seth Gilbert, and Avery Miller, editors, 23rd International Conference on Principles of Distributed Systems, OPODIS 2019, December 17-19, 2019, Neuchâtel, Switzerland, volume 153 of LIPIcs, pages 31:1-31:17, 2019. Google Scholar
  21. Petr Kuznetsov and Andrei Tonkikh. Asynchronous reconfiguration with byzantine failures. In Hagit Attiya, editor, 34th International Symposium on Distributed Computing, DISC 2020, October 12-16, 2020, Virtual Conference, volume 179 of LIPIcs, pages 27:1-27:17, 2020. Google Scholar
  22. Dahlia Malkhi and Michael Reiter. Byzantine quorum systems. Distributed Computing, 11?(4):203-213, 1998. Google Scholar
  23. Tal Malkin, Daniele Micciancio, and Sara Miner. Efficient generic forward-secure signatures with an unbounded number of time periods. In Advances in Cryptology - Eurocrypt 2002, volume 2332 of Lecture Notes in Computer Science, pages 400-417, Amsterdam, The Netherlands, April 28 - May 2 2002. IACR, Springer-Verlag. Google Scholar
  24. Tal Moran and Ilan Orlov. Proofs of space-time and rational proofs of storage. IACR Cryptology ePrint Archive, 2016:35, 2016. Google Scholar
  25. Satoshi Nakamoto. Bitcoin: A peer-to-peer electronic cash system, 2008. Google Scholar
  26. Michael O Rabin. Randomized byzantine generals. In 24th Annual Symposium on Foundations of Computer Science (sfcs 1983), pages 403-409. IEEE, 1983. Google Scholar
  27. Marc Shapiro, Nuno M. Preguiça, Carlos Baquero, and Marek Zawirski. Conflict-free replicated data types. In SSS, pages 386-400, 2011. Google Scholar
  28. Jakub Sliwinski and Roger Wattenhofer. ABC: asynchronous blockchain without consensus. CoRR, abs/1909.10926, 2019. URL: http://arxiv.org/abs/1909.10926.
  29. Alexander Spiegelman, Idit Keidar, and Dahlia Malkhi. Dynamic reconfiguration: Abstraction and optimal asynchronous solution. In DISC, pages 40:1-40:15, 2017. Google Scholar
  30. Paul Wackerow, Ryan Cordell, Tentodev, Alwin Stockinger, and Sam Richards. Ethereum proof-of-stake (pos), 2008. accessed 2021-02-15. URL: https://ethereum.org/en/developers/docs/consensus-mechanisms/pos/.
  31. Gavin Wood. Ethereum: A secure decentralized generalized transaction ledger. White paper, 2015. Google Scholar
Questions / Remarks / Feedback
X

Feedback for Dagstuhl Publishing


Thanks for your feedback!

Feedback submitted

Could not send message

Please try again later or send an E-mail
© 2023-2024 Schloss Dagstuhl – LZI GmbH Imprint Privacy Contact