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Fawkescoin

A Cryptocurrency Without Public-Key Cryptography

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Security Protocols XXII (Security Protocols 2014)

Part of the book series: Lecture Notes in Computer Science ((LNSC,volume 8809))

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Abstract

We present, Fawkescoin, a simple cryptocurrency using no public-key cryptography. Our proposal utilizes the distributed consensus mechanism of Bitcoin but for transactions replaces Bitcoin’s ECDSA signatures with hash-based Guy Fawkes signatures. While this introduces a number of complexities, it demonstrates that a distributed cryptocurrency is in fact possible with only symmetric cryptographic operations with no dramatic loss of efficiency overall and several efficiency gains.

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Notes

  1. 1.

    Collision resistance is a more challenging property, but this is not necessary here.

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Author information

Authors and Affiliations

  1. Princeton University, Princeton, USA

    Joseph Bonneau

  2. University of Maryland, College Park, USA

    Andrew Miller

Authors
  1. Joseph Bonneau
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  2. Andrew Miller
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Corresponding author

Correspondence to Joseph Bonneau .

Editor information

Editors and Affiliations

  1. University of Hertfordshire, Hertfordshire, United Kingdom

    Bruce Christianson

  2. University of Hertfordshire, Hertfordshire, United Kingdom

    James Malcolm

  3. Masaryk University Faculty of Informatics, Brno, Czech Republic

    Vashek Matyáš

  4. Masaryk University Faculty of Informatics, Brno, Czech Republic

    Petr Ĺ venda

  5. University of Cambridge, Cambridge, United Kingdom

    Frank Stajano

  6. Memorial University of Newfoundland, St. John's, Newfoundland and Labrador, Canada

    Jonathan Anderson

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© 2014 Springer International Publishing Switzerland

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Bonneau, J., Miller, A. (2014). Fawkescoin. In: Christianson, B., Malcolm, J., Matyáš, V., Švenda, P., Stajano, F., Anderson, J. (eds) Security Protocols XXII. Security Protocols 2014. Lecture Notes in Computer Science(), vol 8809. Springer, Cham. https://doi.org/10.1007/978-3-319-12400-1_35

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  • DOI: https://doi.org/10.1007/978-3-319-12400-1_35

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-12399-8

  • Online ISBN: 978-3-319-12400-1

  • eBook Packages: Computer ScienceComputer Science (R0)

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