Daniel Reijsbergen (Singapore University of Technology and Design), Pawel Szalachowski (Singapore University of Technology and Design), Junming Ke (University of Tartu), Zengpeng Li (Singapore University of Technology and Design), Jianying Zhou (Singapore University of Technology and Design)

We present Large-scale Known-committee Stake-based Agreement (LaKSA), a chain-based Proof-of-Stake protocol that is dedicated, but not limited, to cryptocurrencies. LaKSA minimizes interactions between nodes through lightweight committee voting, resulting in a simpler, more robust, and more scalable proposal than competing systems. It also mitigates other drawbacks of previous systems, such as high reward variance and long confirmation times. LaKSA can support large numbers of nodes by design, and provides probabilistic safety guarantees in which a client makes commit decisions by calculating the probability that a transaction is reverted based on its blockchain view. We present a thorough analysis of LaKSA and report on its implementation and evaluation. Furthermore, our new technique of proving safety can be applied more broadly to other Proof-of-Stake protocols.

View More Papers

Screen Gleaning: Receiving and Interpreting Pixels by Eavesdropping on...

Zhuoran Liu, Léo Weissbart, Dirk Lauret (Radboud University)

Read More

Trust the Crowd: Wireless Witnessing to Detect Attacks on...

Kai Jansen (Ruhr University Bochum), Liang Niu (New York University), Nian Xue (New York University), Ivan Martinovic (University of Oxford), Christina Pöpper (New York University Abu Dhabi)

Read More

Dinosaur Resurrection: PowerPC Binary Patching for Base Station Analysis

Uwe Muller, Eicke Hauck, Timm Welz, Jiska Classen, Matthias Hollick (Secure Mobile Networking Lab, TU Darmstadt)

Read More

PFirewall: Semantics-Aware Customizable Data Flow Control for Smart Home...

Haotian Chi (Temple University), Qiang Zeng (University of South Carolina), Xiaojiang Du (Temple University), Lannan Luo (University of South Carolina)

Read More