Limits on Revocable Proof Systems, With Implications for Stateless Blockchains

Miranda Christ, Joseph Bonneau

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

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.

Original languageEnglish (US)
Title of host publicationFinancial Cryptography and Data Security - 27th International Conference, FC 2023, Revised Selected Papers
EditorsFoteini Baldimtsi, Christian Cachin
PublisherSpringer Science and Business Media Deutschland GmbH
Pages54-71
Number of pages18
ISBN (Print)9783031477508
DOIs
StatePublished - 2024
Event27th International Conference on Financial Cryptography and Data Security, FC 2023 - Bol, Croatia
Duration: May 1 2023May 5 2023

Publication series

NameLecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
Volume13951
ISSN (Print)0302-9743
ISSN (Electronic)1611-3349

Conference

Conference27th International Conference on Financial Cryptography and Data Security, FC 2023
Country/TerritoryCroatia
CityBol
Period5/1/235/5/23

Keywords

  • Authenticated Data Structures
  • Stateless Blockchains

ASJC Scopus subject areas

  • Theoretical Computer Science
  • General Computer Science

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