Account Management in Proof of Stake Ledgers

Dimitris Karakostas, Aggelos Kiayias, Mario Larangeira

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

Blockchain protocols based on Proof-of-Stake (PoS) depend—by nature—on the active participation of stakeholders. If users are offline and abstain from the PoS consensus mechanism, the system’s security is at risk, so it is imperative to explore ways to both maximize the level of participation and minimize the effects of non-participation. One such option is stake representation, such that users can delegate their participation rights and, in the process, form “stake pools”. The core idea is that stake pool operators always participate on behalf of regular users, while the users retain the ownership of their assets. Our work provides a formal PoS wallet construction that enables delegation and stake pool formation. While investigating the construction of addresses in this setting, we distil and explore address malleability, a security property that captures the ability of an attacker to manipulate the delegation information associated with an address. Our analysis consists of identifying multiple levels of malleability, which are taken into account in our paper’s core result. We then introduce the first ideal functionality of a PoS wallet’s core which captures the PoS wallet’s capabilities and is realized as a secure protocol based on standard cryptographic primitives. Finally, consider the wallet core in conjunction with a PoS ledger and investigate how delegation and stake pools affect a PoS system’s security.
Original languageEnglish
Title of host publicationSecurity and Cryptography for Networks
Subtitle of host publication12th International Conference, SCN 2020, Amalfi, Italy, September 14–16, 2020, Proceedings
EditorsClemente Galdi, Vladimir Kolesnikov
PublisherSpringer-Verlag
Pages3-23
Number of pages21
ISBN (Electronic)978-3-030-57990-6
ISBN (Print)978-3-030-57989-0
DOIs
Publication statusPublished - 7 Sep 2020
Event12th Conference on Security and Cryptography for Networks - Virtual Conference
Duration: 14 Sep 202016 Sep 2020
https://scn.unisa.it/

Publication series

NameLecture Notes in Computer Science
PublisherSpringer, Cham
Volume12238
ISSN (Print)0302-9743
ISSN (Electronic)1611-3349

Conference

Conference12th Conference on Security and Cryptography for Networks
Abbreviated titleSCN 2020
CityVirtual Conference
Period14/09/2016/09/20
Internet address

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