TY - GEN
T1 - Solida
T2 - 21st International Conference on Principles of Distributed Systems, OPODIS 2017
AU - Abraham, Ittai
AU - Malkhi, Dahlia
AU - Nayak, Kartik
AU - Ren, Ling
AU - Spiegelman, Alexander
N1 - Funding Information:
This work is funded in part by NSF award #1518765, and a Google Ph.D. Fellowship award.
Funding Information:
∗ This work is funded in part by NSF award #1518765, and a Google Ph.D. Fellowship award.
Publisher Copyright:
© 2017 Ittai Abraham, Dahlia Malkhi, Kartik Nayak, Ling Ren, and Alexander Spiegelman.
PY - 2018/3/1
Y1 - 2018/3/1
N2 - The decentralized cryptocurrency Bitcoin has experienced great success but also encountered many challenges. One of the challenges has been the long confirmation time. Another challenge is the lack of incentives at certain steps of the protocol, raising concerns for transaction withholding, selfish mining, etc. To address these challenges, we propose Solida, a decentralized blockchain protocol based on reconfigurable Byzantine consensus augmented by proof-of-work. Solida improves on Bitcoin in confirmation time, and provides safety and liveness assuming the adversary control less than (roughly) one-third of the total mining power.
AB - The decentralized cryptocurrency Bitcoin has experienced great success but also encountered many challenges. One of the challenges has been the long confirmation time. Another challenge is the lack of incentives at certain steps of the protocol, raising concerns for transaction withholding, selfish mining, etc. To address these challenges, we propose Solida, a decentralized blockchain protocol based on reconfigurable Byzantine consensus augmented by proof-of-work. Solida improves on Bitcoin in confirmation time, and provides safety and liveness assuming the adversary control less than (roughly) one-third of the total mining power.
KW - Blockchain
KW - Byzantine fault tolerance
KW - Cryptocurrency
KW - Reconfiguration
UR - http://www.scopus.com/inward/record.url?scp=85045663842&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85045663842&partnerID=8YFLogxK
U2 - 10.4230/LIPIcs.OPODIS.2017.25
DO - 10.4230/LIPIcs.OPODIS.2017.25
M3 - Conference contribution
AN - SCOPUS:85045663842
T3 - Leibniz International Proceedings in Informatics, LIPIcs
BT - 21st International Conference on Principles of Distributed Systems, OPODIS 2017
A2 - Aspnes, James
A2 - Leitao, Joao
A2 - Bessani, Alysson
A2 - Felber, Pascal
PB - Schloss Dagstuhl- Leibniz-Zentrum fur Informatik GmbH, Dagstuhl Publishing
Y2 - 18 December 2017 through 20 December 2017
ER -