Purely P2P Crypto-Currency With Finite Mini-Blockchain
J.D. Bruce

pp2p-ccmbc-rev1.pdf 208.37kB
Type: Paper
Tags: Peer to Peer, Currency, p2p, Crypto, pp2p, Purely

Bibtex:
@article{,
title = {Purely P2P Crypto-Currency With Finite Mini-Blockchain},
journal = {},
author = {J.D. Bruce},
year = {},
url = {https://bitcointalk.org/index.php?topic=195275.0},
license = {},
abstract = {Almost all P2P crypto-currencies prevent double spending and similar such attacks with a bulky "blockchain" scheme, and the ones which do not typically use some sort of pseudo-centralized solution to manage the transactions. Here I propose a purely P2P crypto-currency scheme with a finite blockchain, dubbed the "mini-blockchain". Each time a new block is solved the oldest block is trimmed from the end of the mini-blockchain so that it always has the same number of blocks. It is argued that the loss of security this trimming process incurs can be solved with a small "proof chain" and the loss of coin ownership data is solved with a database which holds the balance of all non-empty addresses, dubbed the "account tree". The proof chain secures the mini-blockchain and the mini-blockchain secures the account tree. This paper will describe the way in which these three mechanisms can work together to form a system which provides a high level of integrity and security, yet is much slimmer than all other purely P2P currencies. It also offers other potential benefits such as faster transactions and lower fees, quicker network synchronization, support for high levels of traffic, more block space for custom messages, and increased anonymity.}
}

Send Feedback Start
   0.000006
DB Connect
   0.000395
Lookup hash in DB
   0.004749
Get torrent details
   0.001186
Get torrent details, finished
   0.001286
Get authors
   0.000010
Select authors
   0.000909
Parse bibtex
   0.001322
Write header
   0.001196
get stars
   0.000837
home tab
   0.001242
render right panel
   0.000064
render ads
   0.000342
fetch current hosters
   0.003967
Done