Solida: A Blockchain Protocol Based on Reconfigurable Byzantine Consensus

Ittai Abraham; Dahlia Malkhi; Kartik Nayak; Ling Ren; Alexander Spiegelman

Solida: A Blockchain Protocol Based on Reconfigurable Byzantine Consensus

Cryptography and Security 2017-11-21 v2 Distributed, Parallel, and Cluster Computing Computer Science and Game Theory

Authors: Ittai Abraham , Dahlia Malkhi , Kartik Nayak , Ling Ren , Alexander Spiegelman

Abstract

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.

Keywords

byzantine fault tolerance blockchain blockchain and cryptocurrency

Cite

@article{arxiv.1612.02916,
  title  = {Solida: A Blockchain Protocol Based on Reconfigurable Byzantine Consensus},
  author = {Ittai Abraham and Dahlia Malkhi and Kartik Nayak and Ling Ren and Alexander Spiegelman},
  journal= {arXiv preprint arXiv:1612.02916},
  year   = {2017}
}

Solida: A Blockchain Protocol Based on Reconfigurable Byzantine Consensus

Abstract

Keywords

Cite

Related papers