Proof of Assets in the Diem Blockchain
Proof of Assets in the Diem Blockchain
复制标题
Diem 区块链中的资产证明
DOI:
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发表时间:
2021
期刊:
影响因子:
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通讯作者:
K. Chalkias
中科院分区:
文献类型:
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作者:
Panagiotis Chatzigiannis;K. Chalkias
. A great challenge for distributed payment systems is their compliance with regulations, such as anti-money laundering, insolvency legislation, countering the financing of terrorism and sanctions laws. After Bitcoin’s MtGox scandal, one of the most needed auditing functionalities for financial solvency and tax reporting purposes is to prove ownership of blockchain reserves, a process known as Proof of Assets (PoA). This work formalizes the PoA requirements in account-based blockchains, focusing on the unique hierarchical account structure of the Diem blockchain, formerly known as Libra. In particular, we take into account some unique features of the Diem infrastructure to consider different PoA modes by exploring time-stamping edge cases, cold wallets, locked assets, spending-ability delegation and account pruning, among the others. We also propose practical optimizations to the byte-size of PoA in the presence of light clients who cannot run a full node, including skipping Validator updates, while still maintaining the 66.67% Byzantine fault tolerance (BFT) guarantee.