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A Predictable Incentive Mechanism for TrueBit

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arxiv 1806.11476 v1 pith:Q6CEZX3S submitted 2018-06-29 cs.CR

classification cs.CR
keywords computationtruebitchallengersmechanismrandomlysharewillaccepted
verification ladder T0 review T1 audit T2 compute T3 formal

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TrueBit is a protocol that uses interactive verification to allow a resource-constrained computation environment like a blockchain to perform much larger computations than usual in a trusted way. As long as a single honest participant is present to verify the computation, an invalid computation cannot get accepted. In TrueBit, the presence of such a verifier is incentivised by randomly injected forced errors. Additionally, in order to counter sybil attacks, the reward for finding an error drops off exponentially with the number of challengers. The main drawback of this mechanism is that it makes it very hard to predict whether participation will be profitable or not. To even out the rewards, we propose to randomly select multiple solvers from a pool and evenly share the fees among them, while still allowing outside challengers. Furthermore, a proof of independent execution will make it harder to establish computation pools which share computation results.

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  1. Bootstrapping a stable computation token

    cs.CR 2019-08 conditional novelty 6.0 of 10

    Truebit can pay verifiers with minted TRU tokens while task givers buy fixed CPU tokens, giving computation tasks a stable on-chain price without external oracles.

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