Please use this identifier to cite or link to this item: http://arks.princeton.edu/ark:/88435/dsp01sx61dq067
DC FieldValueLanguage
dc.contributor.authorGoldfeder, Steven Andrew-
dc.contributor.otherComputer Science Department-
dc.date.accessioned2018-10-22T14:51:14Z-
dc.date.available2018-10-22T14:51:14Z-
dc.date.issued2018-
dc.identifier.urihttp://arks.princeton.edu/ark:/88435/dsp01sx61dq067-
dc.description.abstractThe limits of Bitcoin's scripting language motivate the need for off-blockchain protocols that extend the functionality of Bitcoin scripts. These protocols are run out-of-band by the transacting parties, but they are constructed in a manner that cryptographically binds them to on-chain scripts. Even with the advent of Ethereum, which provides a much richer scripting language, there are still privacy and scalability benefits to running off-chain protocols, even when on-chain analogs exist. We present off-chain protocols for a variety of applications as well as a general framework for off-chain smart contracts. An important tool for constructing off-chain protocols is threshold-signatures, a primitive that enables distributing the signing power of a given public key into $n$ shares, such that at least $k$ shares are required to produce a signature from that key. We show how to construct threshold signatures that are compatible with Bitcoin, and we then use this primitive to build off-chain protocols for privacy-preserving access control and escrow services. Turning to more advanced smart contracts, we present off-chain protocols for the fair-exchange of digital goods and services for payment. Finally, we present Arbitrum, a private and scalable smart contract system which enables running arbitrary smart contracts for which the code is executed off-chain and disputes are resolved on-chain.-
dc.language.isoen-
dc.publisherPrinceton, NJ : Princeton University-
dc.relation.isformatofThe Mudd Manuscript Library retains one bound copy of each dissertation. Search for these copies in the library's main catalog: <a href=http://catalog.princeton.edu> catalog.princeton.edu </a>-
dc.subjectBitcoin-
dc.subjectcryptocurrencies-
dc.subjectcryptographic protocols-
dc.subjectsmart contracts-
dc.subjectthreshold signatures-
dc.subject.classificationComputer science-
dc.titleOff-chain protocols for cryptocurrencies-