Abstract:
Distributed ledger technology, and specifically blockchain protocols, have been leveraged to define decentralized lotteries to circumvent challenges in traditional lotter...Show MoreMetadata
Abstract:
Distributed ledger technology, and specifically blockchain protocols, have been leveraged to define decentralized lotteries to circumvent challenges in traditional lottery systems. Unfortunately, lottery consensus in proof-of-resource (such as proof-of-work, proof-of-stake) blockchains is provably biased towards lottery users that command a majority of the resource determining consensus in their respective cryptocurrency networks, resulting in partial-decentralization. Further, classical consensus protocols are inherently slow in achieving consensus, and thus cannot be considered for designing fast decentralized lotteries.We present a fast, fully-decentralized computational lottery TensorFlip, where the betting users and the lottery house are peers in the same cryptocurrency network, and the bet and winning per player is a consensus based on a rudimentary quantum and classical distributed computation. We employ a two-party verifiable random function construction for computing the lottery winnings. Our lottery operates in the presence of both fail-stop and Byzantine adversaries, under the synchronous network model. Although slower classical consensus based and partially-decentralized blockchain consensus based lotteries may exist, we believe we are the first to propose a quantum and classical computation based deterministic fully-decentralized lottery, with an expected constant round complexity protocol.
Date of Conference: 05-09 January 2021
Date Added to IEEE Xplore: 17 February 2021
ISBN Information: