Latus Incentive Scheme: Enabling Decentralization in Blockchains based on Recursive SNARKs

Alberto Garoffolo; Dmytro Kaidalov; Roman Oliynykov

Paper 2021/399

Latus Incentive Scheme: Enabling Decentralization in Blockchains based on Recursive SNARKs

Alberto Garoffolo, Dmytro Kaidalov, and Roman Oliynykov

Abstract

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 gap by introducing details of the incentive scheme for the Latus sidechain. Represented ideas can also be adopted by other SNARK-based blockchains to incentivize decentralized proofs creation.

Metadata

Available format(s): PDF
Category: Cryptographic protocols
Publication info: Preprint. MINOR revision.
Keywords: Blockchain sidechain decentralized consensus protocol
Contact author(s): horizensidechains @ gmail com
History: 2021-03-27: received
Short URL: https://ia.cr/2021/399
License: CC BY

BibTeX

@misc{cryptoeprint:2021/399,
      author = {Alberto Garoffolo and Dmytro Kaidalov and Roman Oliynykov},
      title = {Latus Incentive Scheme: Enabling Decentralization in Blockchains based on Recursive SNARKs},
      howpublished = {Cryptology ePrint Archive, Paper 2021/399},
      year = {2021},
      note = {\url{https://eprint.iacr.org/2021/399}},
      url = {https://eprint.iacr.org/2021/399}
}