Authors
Phil Daian, Rafael Pass, Elaine Shi
Publication date
2019
Conference
Financial Cryptography and Data Security: 23rd International Conference, FC 2019, Frigate Bay, St. Kitts and Nevis, February 18–22, 2019, Revised Selected Papers 23
Pages
23-41
Publisher
Springer International Publishing
Description
We present the a provably secure proof-of-stake protocol called Snow White. The primary application of Snow White is to be used as a “green” consensus alternative for a decentralized cryptocurrency system with open enrollement. We break down the task of designing Snow White into the following core challenges:
  1. 1.
    identify a core “permissioned” consensus protocol suitable for proof-of-stake; specifically the core consensus protocol should offer robustness in an Internet-scale, heterogeneous deployment;
  2. 2.
    propose a robust committee re-election mechanism such that as stake switches hands in the cryptocurrency system, the consensus committee can evolve in a timely manner and always reflect the most recent stake distribution; and …
Total citations
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Scholar articles
P Daian, R Pass, E Shi - Financial Cryptography and Data Security: 23rd …, 2019