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A scalable verification solution for blockchains
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Bitcoin and Ethereum, whose miners arguably collectively comprise the most powerful computational resource in the history of mankind, offer no more power for processing and verifying transactions than a typical smart phone. The system described herein bypasses this bottleneck and brings scalable computation to Ethereum. Our new system consists of a financial incentive layer atop a dispute resolution layer where the latter takes form of a versatile "verification game." In addition to secure outsourced computation, immediate applications include decentralized mining pools whose operator is an Ethereum smart contract, a cryptocurrency with scalable transaction throughput, and a trustless means for transferring currency between disjoint cryptocurrency systems.
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Chainless Apps: A Modular Framework for Building Apps with Web2 Capability and Web3 Trust
A framework for blockchain apps that separates off-chain execution, verification, cross-chain messaging, and on-chain settlement, designed to combine Web2 speed with Web3 verifiability.
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