Fawkescoin a cryptocurrency without public-key cryptography

Joseph Bonneau, Andrew Miller

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

We present, Fawkescoin, a simple cryptocurrency using no public-key cryptography. Our proposal utilizes the distributed consensus mechanism of Bitcoin but for transactions replaces Bitcoin’s ECDSA signatures with hash-based Guy Fawkes signatures. While this introduces a number of complexities, it demonstrates that a distributed cryptocurrency is in fact possible with only symmetric cryptographic operations with no dramatic loss of efficiency overall and several efficiency gains.

Original languageEnglish (US)
Title of host publicationSecurity Protocols XXII - 22nd International Workshop, Revised Selected Papers
EditorsFrank Stajano, Vashek Matyáš, Petr Švenda, Jonathan Anderson, Bruce Christianson, James Malcolm
PublisherSpringer Verlag
Pages350-358
Number of pages9
ISBN (Electronic)9783319123998
DOIs
StatePublished - 2014

Publication series

NameLecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
Volume8809
ISSN (Print)0302-9743
ISSN (Electronic)1611-3349

ASJC Scopus subject areas

  • Theoretical Computer Science
  • Computer Science(all)

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  • Cite this

    Bonneau, J., & Miller, A. (2014). Fawkescoin a cryptocurrency without public-key cryptography. In F. Stajano, V. Matyáš, P. Švenda, J. Anderson, B. Christianson, & J. Malcolm (Eds.), Security Protocols XXII - 22nd International Workshop, Revised Selected Papers (pp. 350-358). (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics); Vol. 8809). Springer Verlag. https://doi.org/10.1007/978-3-319-12400-1_35