Paper 2020/676

An airdrop that preserves recipient privacy

Riad S. Wahby, Dan Boneh, Christopher Jeffrey, and Joseph Poon

Abstract

A common approach to bootstrapping a new cryptocurrency is an airdrop, an arrangement in which existing users give away currency to entice new users to join. But current airdrops offer no recipient privacy: they leak which recipients have claimed the funds, and this information is easily linked to off-chain identities. In this work, we address this issue by defining a private airdrop and describing concrete schemes for widely-used user credentials, such as those based on ECDSA and RSA. Our private airdrop for RSA builds upon a new zero-knowledge argument of knowledge of the factorization of a committed secret integer, which may be of independent interest. We also design a private genesis airdrop that efficiently sends private airdrops to millions of users at once. Finally, we implement and evaluate. Our fastest implementation takes 40--180 ms to generate and 3.7--10 ms to verify an RSA private airdrop signature. Signatures are 1.8--3.3 kiB depending on the security parameter.