R AND C HAIN : A Scalable and Fair Decentralised Randomness Beacon
R AND C HAIN : A Scalable and Fair Decentralised Randomness Beacon
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发表时间:
2021
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通讯作者:
Runchao Han;Haoyu Lin;Jiangshan Yu
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作者:
Runchao Han;Haoyu Lin;Jiangshan Yu
—We propose R AND C HAIN , a Decentralised Random-ness Beacon (DRB) that is the first to achieve both scalability (i.e., a large number of participants can join) and fairness (i.e., each participant controls comparable power on deciding random outputs). Unlike existing DRBs where participants are collaborative , i.e., aggregating their local entropy into a single output, participants in R AND C HAIN are competitive , i.e., competing with each other to generate the next output. The competitive design reduces the communication complexity from at least O ( n 2 ) to O ( n ) without trusted party, breaking the scalability limit in existing DRBs. To build R AND C HAIN , we introduce Sequential Proof-of-Work (SeqPoW) , a cryptographic puzzle that takes a random and unpredictable number of sequential steps to solve. We implement R AND C HAIN and evaluate its performance on up to 1024 nodes, demonstrating its superiority (1.3 seconds per output with a constant bandwidth of 200KB/s per node) compared to state-of-the-art DRBs RandHerd (S&P’18) and HydRand (S&P’20).