A Regulatable Digital Currency Model Based on Blockchain

被引:0
作者
Zhang J. [1 ]
Wang Z. [1 ,2 ]
Xu Z. [1 ]
Ouyang Y. [3 ]
Yang T. [4 ]
机构
[1] College of Computer Science and Technology, Beijing Electronic Science and Technology Institute, Beijing
[2] Information Technology Research Base of Civil Aviation Administration of China, Civil Aviation University of China, Tianjin
[3] Beijing Fu-Link Technology Co., Ltd, Beijing
[4] Key Laboratory of Information Network Security, Ministry of Public Security, Shanghai
来源
Jisuanji Yanjiu yu Fazhan/Computer Research and Development | 2018年 / 55卷 / 10期
关键词
Agreement; Block chain; Consortium chain; Digital currency; Regulation;
D O I
10.7544/issn1000-1239.2018.20180426
中图分类号
学科分类号
摘要
The digital currency, represented by Bitcoin, was designed to be a decentralized system. And this property makes the regulation more difficult. However, the research of designing a regulatable digital currency is very limited. In this paper, we introduce a new digital currency model based on two chains scheme, public blockchain and consortium blockchain. As the core participant, the consortium blockchain collects and confirms every transaction, determines the status of the system, and stores the complete transaction records. The users' private information is guaranteed by the secret sharing in the consortium blockchain and also can be decrypted by the voting committee. Based on the characteristics and requirements of the consortium blockchain, we also introduce an agreement protocol based on the Credit Practical Byzantine Fault Tolerance and use the simplified agreement protocol to offer high throughput for our model and flexibility of the system. With the view-change and checkpoint protocol, we can dynamically adjust the nodes' status and authority. Extensive analysis and experimental results indicate that our proposed method is both efficient and secure. We believe that this is the first work that has the capacity of the tamper-resistant, traceability, decentralize and regulation. © 2018, Science Press. All right reserved.
引用
收藏
页码:2219 / 2232
页数:13
相关论文
共 17 条
  • [1] Natamoto S., Bitcoin: A peer-to-peer electronic cash system, (2008)
  • [2] Buterin V., A next-generation smart contract and decen-tralized application platform
  • [3] Chaum D., Fiat A., Naor M., Untraceable electronic cash, Proc of the Conf on Theory and Application of Crypto-graphy, pp. 319-327, (1988)
  • [4] Brands S.A., Off-line electronic cash based on secret-key certificates, Proc of the 2nd Int Symp of Latin American Theoretical Informatics (LATIN'95), (1995)
  • [5] Back A., Hashcash-A Denial of Service Counter-Measure, (2002)
  • [6] Peck M.E., The cryptoanarchists' answer to cash, IEEE Spectrum, 49, 6, pp. 50-56, (2012)
  • [7] Chaum D., Blind signatures for untraceable payments, Proc of Crypto82, Advances in Cryptology, pp. 199-203, (1983)
  • [8] Sasson E.B., Chiesa A., Garman C., Et al., Zerocash: Decentralized anonymous payments from bitcoin, Proc of the 35th IEEE Symp on Security and Privacy, pp. 459-474, (2014)
  • [9] Sun H., Mao H., Bai X., Et al., Multi-blockchain model for central bank digital currency, Proc of the 18th Int Conf on Parallel and Distributed Computing, Applications and Technologies (PDCAT), pp. 360-367, (2017)
  • [10] Lamport L., Paxos Made Simple, ACM Sigact News, 32, 4, pp. 18-25, (2001)