Cryptology ePrint Archive: Report 2021/399

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

Alberto Garoffolo and 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.

Category / Keywords: cryptographic protocols / Blockchain, sidechain, decentralized consensus protocol

Date: received 24 Mar 2021

Contact author: horizensidechains at gmail com

Available format(s): PDF | BibTeX Citation

Version: 20210327:071649 (All versions of this report)

Short URL: ia.cr/2021/399


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