[Resource Topic] 2019/1081: OCEAN: A Built-In Replacement for Mining Pools

Welcome to the resource topic for 2019/1081

OCEAN: A Built-In Replacement for Mining Pools

Authors: Raymond Chee, Kartik Chitturi, Edouard Dufour-Sans, Kyle Soska


We propose OCEAN, an alternative miner reward system for blockchains that seeks to discourage pooling by providing a pool’s variance mitigation functionality as a blockchain built-in. Our proposal relies on Succinct, Non-interactive Arguments of Knowledge (SNARKs), an advanced modern cryptographic tool that enables anyone to prove complex statements with the proof not growing in size with the complexity of the statement. We expect that blockchains that implement our proposal would see less pooling centralization than what is currently observable in deployed cryptocurrencies.

ePrint: https://eprint.iacr.org/2019/1081

See all topics related to this paper.

Feel free to post resources that are related to this paper below.

Example resources include: implementations, explanation materials, talks, slides, links to previous discussions on other websites.

For more information, see the rules for Resource Topics .