University of Illinois Urbana-Champaign

Towards Creating a Thin Client for Monero

Lee, Kevin

Content Files
ECE499-Fa2017-lee.pdf

Permalink

https://hdl.handle.net/2142/99002

Description

Title
Towards Creating a Thin Client for Monero
Author(s)
Lee, Kevin
Contributor(s)
Miller, Andrew
Issue Date
2017-12
Keyword(s)
  • Cloud Computing
  • Verifiable Computation
  • Security
  • Cryptocurrency
Date of Ingest
2018-01-31T19:41:29Z
Abstract
As an increasing number of users begin to use cryptocurrencies, the number of transactions per day has also been steadily increasing. Users traditionally run full nodes which involve downloading a copy of the blockchain associated with that cryptocurrency and updating it through the network. This method guarantees full security at the cost of greater power consumption and data storage. The recent ubiquity of data connections and low-capacity hardware such as smartphones has only furthered the demand to delegate cryptocurrency-related computations to capable servers. This raises the need to verify results that are returned to a light client by a server, and also to perform conflict resolutions whenever servers disagree upon a query. In this study, we implement the storage of the Monero blockchain as authenticated data structures on powerful servers, and perform computations on the data structures as queries are made or as the blockchain is updated. Experimental results have shown that authenticated data structures can be used to create a secure thin client for Monero, and we conclude with a discussion on the possibility of integrating that thin client into the network.
Type of Resource
text
Genre of Resource
Other
Language
en
Permalink
http://hdl.handle.net/2142/99002

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