Challenges of
Proof-of-Stake
Han TΓΌzΓΌn
mail@hantuzun.com
What's PoS?
β
π°
vs.
Ref: pos-phil
Which PoS?
DPoS Β LPoS Β PPoS Β HPoS Β BPoS






Ref: gorbatenko, pos-guide, casper-wiki
Bonded Proof-of-Stake
-
Optional
-
Non-custodial
-
Smart contracts
-
Voting rights
-
Slashing! πͺ
Example BPoS Problems
-
π«οΈ Nothing at stake
-
π§₯ Bribery attack
-
β Censorship
π«οΈ Nothing at stake

Ref: pos-faq, poel-alts
π«οΈ Nothing at stake
Ref: pos-wiki, poel-alts

π§₯ Bribery attacks
Wins: A B vote A: $100 $0
vote B: $102 $2
Ref: zack-pos, casper-bribery
- There are 100 voters with equal stake.
- If A wins, then every voter is $100 richer.
- I bribe all the voters $2 to vote for B.
- $200 is enough to destroy $10.000.
π§₯ Bribery attacks
A secret vote, where you could prove your vote if you want to.
Challenge: You'll take the bribe only if you vote to destroy the blockchain!
Wins: Accept bribe Reject bribe Destroyed: 0 0
Not destroyed: Stake+bribe Stake
π§₯ Bribery attacks
Estimated Value =
(value if the attack fails) x (likelihood of attack failure)
(Bribe for one user) =
Estimated Value(no bribe) - Estimated Value(bribe) =
(value if the attack fails) x
(how much more likely if the attack succeed, if they take the bribe)
(Bribe for one user) =
(their stake) x (portion of stake that they control)
A secret vote, where you could prove your vote if you want to.
Challenge: You'll take the bribe only if you vote to destroy the blockchain!
π§₯ Bribery attacks
(Bribe for one user) =
(their stake)
x
(portion of stake that they control)
(Bribe for 1/2 of the total stake) =
(1/2 of the total stake)
x
(average portion of stake)
Example:
(Bribe for 1/2 of the total stake) =
(1/2 of the total stake)
x
(1/1000) =
(1/2000 of the total stake)
β Censorship
Ref: fraud-proofs, pos-faq
π
π
π
π
π
π
π
β
β
β
β
β Censorship
Ref: fraud-proofs, pos-faq
π
π
π
π
π
β
β
β
β
π
π
Conclusions
π€Β π
π₯ΌΒ π¬
References
- pos-phil: https://medium.com/@VitalikButerin/a-proof-of-stake-design-philosophy-506585978d51
- fraud-proofs: https://arxiv.org/abs/1809.09044
- gorbatenko: https://medium.com/swlh/the-potential-economic-problems-of-proof-of-stake-2e4b3911a136
- pos-guide: https://medium.com/posbakerz/proof-of-stake-guide-dpos-vs-lpos-vs-bpos-vs-hybrid-1393a33e849c
- casper-wiki: https://github.com/ethereum/wiki/wiki/Casper-Proof-of-Stake-compendium
- pos-faq: https://github.com/ethereum/wiki/wiki/Proof-of-Stake-FAQ
References
- poel-alts: https://download.wpsoftware.net/bitcoin/alts.pdf
- poel-pos: https://download.wpsoftware.net/bitcoin/pos.pdf
- vit-stake: https://blog.ethereum.org/2014/07/05/stake/
- zack-pos: https://github.com/zack-bitcoin/amoveo/blob/master/docs/other_blockchains/proof_of_stake.md
-
casper-bribery: https://ethresear.ch/t/ethereum-casper-ffg-pos-like-all-pos-consensus-protocols-is-vulnerable-to-bribery-censorship-attacks/6646/4
π Thanks
slides.com/hantuzun/pos-challenges
Β
mail@hantuzun.com
Challenges of PoS
By Han Tuzun
Challenges of PoS
- 422