Paper 2022/433 Original: eprint.iacr.org/2022/433 ↗

McFly: Verifiable Encryption to the Future Made Practical

Abstract

Blockchain protocols have revolutionized the way individuals and devices can interact and transact over the internet. More recently, a trend has emerged to harness blockchain technology as a catalyst to enable advanced security features in distributed applications, in particular fairness. However, the tools employed to achieve these security features are either resource wasteful (e.g., time-lock primitives) or only efficient in theory (e.g., witness encryption). We present McFly, a protocol that allows one to efficiently ``encrypt a message to the future'' such that the receiver can decrypt the message almost effortlessly. Towards this goal, we design and implement a novel primitive we call signature-based witness encryption and combine it with a BFT blockchain (or a blockchain finality layer) in such a way that the decryption of the message can be piggybacked on the tasks already performed by the blockchain committee, resulting in almost-for-free decryption. To demonstrate the practicality of the McFly protocol, we implemented our signature-based witness encryption scheme and evaluated it on a standard laptop with Intel i7 @2,3 GHz. For the popular BLS12-381 curve, a $381$-bit message and a committee of size $500$ the encryption time is $9.8s$ and decryption is $14.8 s$. The scheme remains practical for a committee of size $2000$ with an encryption time of $58 s$ and decryption time of $218 s$.