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International Conference on Financial Cryptography and Data Security

FC 2021: Financial Cryptography and Data Security. FC 2021 International Workshops pp 191–196Cite as

Wendy Grows Up: More Order Fairness

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Part of the book series: Lecture Notes in Computer Science ((LNSC,volume 12676))

Abstract

Transaction order related issues such as MEV (Miner Extractable Value) and frontrunning in blockchain networks stemming from the ability of validators to reorder transactions. This can not only extract a tax on honest users, but also skew the validator economy by making it harder to control financial inactivation of validators, and might even lead to regulatory issues. We present a pre-protocol that allows a blockchain application to combine different forms of order fairness with causal order to prevent such issues on the level of the blockchain, and that can be combined with various blockchain implementations.

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References

  1. Buchman, E., Kwon, J., Milosevic, Z.: The latest gossip on BFT consensus. CoRR http://arxiv.org/abs/1807.04938 (2018)

  2. Buterin, V., Griffith, V.: Casper the friendly finality gadget. CoRR http://arxiv.org/abs/1710.09437 (2017)

  3. Cachin, C., Kursawe, K., Petzold, F., Shoup, V.: Secure and efficient asynchronous broadcast protocols. In: Kilian, J. (ed.) CRYPTO 2001. LNCS, vol. 2139, pp. 524–541. Springer, Heidelberg (2001). https://doi.org/10.1007/3-540-44647-8_31

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Author information

Authors and Affiliations

  1. Vega Protocol, RUE Antoine Carteret 3, 1202, Geneve, CH, Switzerland

    Klaus Kursawe

Authors
  1. Klaus Kursawe
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Corresponding author

Correspondence to Klaus Kursawe .

Editor information

Editors and Affiliations

  1. University of Michigan–Ann Arbor, Ann Arbor, MI, USA

    Matthew Bernhard

  2. Computer Science and Mathematics, Stirling University, Stirling, UK

    Andrea Bracciali

  3. Imperial College London, London, UK

    Lewis Gudgeon

  4. Norwegian University of Science and Technology, Trondheim, Norway

    Thomas Haines

  5. Ithaca College, Ithaca, USA

    Ariah Klages-Mundt

  6. Department of Computer Science, Georgetown University, Washington, WA, USA

    Shin'ichiro Matsuo

  7. Imperial College London, London, UK

    Daniel Perez

  8. Dipartimento di Matematica, University of Trento, Trento, Trento, Italy

    Massimiliano Sala

  9. Imperial College London, London, UK

    Sam Werner

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© 2021 International Financial Cryptography Association

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Cite this paper

Kursawe, K. (2021). Wendy Grows Up: More Order Fairness. In: Bernhard, M., et al. Financial Cryptography and Data Security. FC 2021 International Workshops. FC 2021. Lecture Notes in Computer Science(), vol 12676. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-63958-0_17

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  • DOI: https://doi.org/10.1007/978-3-662-63958-0_17

  • Published:

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-662-63957-3

  • Online ISBN: 978-3-662-63958-0

  • eBook Packages: Computer ScienceComputer Science (R0)

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