Welcome to the resource topic for 2019/1081
Title:
OCEAN: A Built-In Replacement for Mining Pools
Authors: Raymond Chee, Kartik Chitturi, Edouard Dufour-Sans, Kyle Soska
Abstract: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
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