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Grassroots Flash: A Payment System for Grassroots Cryptocurrencies

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arxiv 2309.13191 v1 pith:YKNLM3NF submitted 2023-09-22 cs.MA cs.CEcs.DC

classification cs.MAcs.CEcs.DC
keywords grassrootscryptocurrenciesdigitalglobalpaymentsystemflashgoal
verification ladder T0 review T1 audit T2 compute T3 formal
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The goal of grassroots cryptocurrencies is to provide a foundation with which local digital economies can emerge independently of each other and of global digital platforms and global cryptocurrencies; can form and grow without initial capital or external credit; can trade with each other; and can gradually merge into a global digital economy. Grassroots cryptocurrencies turn mutual trust into liquidity and thus could be a powerful means for 'banking the unbanked'. Grassroots cryptocurrencies have not been provided yet with a payment system, which is the goal of this paper. Here, we present Grassroots Flash, a payment system for grassroots cryptocurrencies that employs the blocklace -- a DAG-like counterpart of the blockchain data structure. We analyze its security (safety, liveness, and privacy) and efficiency, prove that it is indeed grassroots.

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Cited by 4 Pith papers

Reviewed papers in the Pith corpus that reference this work. Sorted by Pith novelty score. Full citation record

  1. Volition-Guarded Multiagent Atomic Transactions: Describing People and their Machines

    cs.DC 2026-04 unverdicted novelty 7.0 of 10

    Volition-guarded multiagent atomic transactions decompose agents into person volitions plus machine state, enabling formal specs and proofs that social networks and coins/bonds are volitionally grassroots under a new ...

  2. Volition Elicitation: Operational Semantics for People and Their Machines

    cs.PL 2026-07 conditional novelty 6.0 of 10

    vGLP extends GLP so that program reductions can be guarded by a person's expressed volition, with the UI derived from the semantics and correctness proofs for soundness, liveness, and compilation.

  3. Implementing Grassroots Logic Programs with Multiagent Transition Systems and AI (Full Version)

    cs.PL 2026-02 unverdicted novelty 6.0 of 10

    dGLP and madGLP are deterministic, implementation-ready semantics for Grassroots Logic Programs, proved correct against the abstract nondeterministic semantics.

  4. GLP: A Grassroots, Multiagent, Concurrent, Logic Programming Language for AI

    cs.PL 2026-07 conditional novelty 5.0 of 10

    GLP is a single-assignment concurrent logic language whose multiagent semantics is claimed to guarantee that any program using cold-calls yields a grassroots platform, with the proof deferred to the full paper.

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