TY - GEN
T1 - Limits on Revocable Proof Systems, With Implications for Stateless Blockchains
AU - Christ, Miranda
AU - Bonneau, Joseph
N1 - Publisher Copyright:
© 2024, International Financial Cryptography Association.
PY - 2024
Y1 - 2024
N2 - Motivated by the goal of building a cryptocurrency with succinct global state, we introduce the abstract notion of a revocable proof system. We prove an information-theoretic result on the relation between global state size and the required number of local proof updates as statements are revoked (e.g., coins are spent). We apply our result to conclude that there is no useful trade-off point when building a stateless cryptocurrency: the system must either have a linear-sized global state (in the number of accounts in the system) or require a near-linear rate of local proof updates. The notion of a revocable proof system is quite general and also provides new lower bounds for set commitments, vector commitments and authenticated dictionaries.
AB - Motivated by the goal of building a cryptocurrency with succinct global state, we introduce the abstract notion of a revocable proof system. We prove an information-theoretic result on the relation between global state size and the required number of local proof updates as statements are revoked (e.g., coins are spent). We apply our result to conclude that there is no useful trade-off point when building a stateless cryptocurrency: the system must either have a linear-sized global state (in the number of accounts in the system) or require a near-linear rate of local proof updates. The notion of a revocable proof system is quite general and also provides new lower bounds for set commitments, vector commitments and authenticated dictionaries.
KW - Authenticated Data Structures
KW - Stateless Blockchains
UR - http://www.scopus.com/inward/record.url?scp=85180622077&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85180622077&partnerID=8YFLogxK
U2 - 10.1007/978-3-031-47751-5_4
DO - 10.1007/978-3-031-47751-5_4
M3 - Conference contribution
AN - SCOPUS:85180622077
SN - 9783031477508
T3 - Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
SP - 54
EP - 71
BT - Financial Cryptography and Data Security - 27th International Conference, FC 2023, Revised Selected Papers
A2 - Baldimtsi, Foteini
A2 - Cachin, Christian
PB - Springer Science and Business Media Deutschland GmbH
T2 - 27th International Conference on Financial Cryptography and Data Security, FC 2023
Y2 - 1 May 2023 through 5 May 2023
ER -