Paper 2021/399 Original: eprint.iacr.org/2021/399 ↗
Latus Incentive Scheme: Enabling Decentralization in Blockchains based on Recursive SNARKs
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.
- History
- 2021-03-27: last updated
- 2021-03-27: published
- Short URL
- https://ia.cr/2021/399
- License
- https://creativecommons.org/licenses/by/4.0/
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},
url = {https://eprint.iacr.org/2021/399}
}