From: "David A. Harding" <dave@dtrt•org>
To: Tom Trevethan <tom@commerceblock•com>,
Bitcoin Protocol Discussion
<bitcoin-dev@lists•linuxfoundation.org>
Subject: Re: [bitcoin-dev] Statechain implementations
Date: Tue, 31 Mar 2020 06:35:08 -0400 [thread overview]
Message-ID: <20200331103508.asvxujkhtifj6n7i@ganymede> (raw)
In-Reply-To: <CAJvkSseW9OZ50yQiS7e0zt9tQt4v9aoikgGs_54_kMN-ORkQgw@mail.gmail.com>
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On Wed, Mar 25, 2020 at 01:52:10PM +0000, Tom Trevethan via bitcoin-dev wrote:
> Hi all,
>
> We are starting to work on an implementation of the statechains concept (
> https://medium.com/@RubenSomsen/statechains-non-custodial-off-chain-bitcoin-transfer-1ae4845a4a39),
>
> [...]
> There are two main modifications we are looking at:
> [...]
>
> 2. Replacing the 2-of-2 multisig output (paying to statechain entity SE key
> and transitory key) with a single P2(W)PKH output where the public key
> shared between the SE and the current owner. The SE and the current owner
> can then sign with a 2-of-2 ECDSA MPC.
Dr. Trevethan,
Would you be able to explain how your proposal to use statechains with
2P-ECDSA relates to your patent assigned to nChain Holdings for "Secure
off-chain blockchain transactions"?[1]
[1] https://patents.google.com/patent/US20200074464A1
Here are some excerpts from the application that caught my attention in
the context of statechains in general and your proposal to this list in
particular:
> an exchange platform that is trusted to implement and operate the
> transaction protocol, without requiring an on-chain transaction. The
> off-chain transactions enable one computer system to generate multiple
> transactions that are recordable to a blockchain in different
> circumstances
>
> [...]
>
> at least some of the off-chain transactions are valid for recording on
> the blockchain even in the event of a catastrophic failure of the
> exchange (e.g., exchange going permanently off-line or loosing key
> shares).
>
> [...]
>
> there may be provided a computer readable storage medium including a
> two-party elliptic curve digital signature algorithm (two-party ECDSA)
> script comprising computer executable instructions which, when
> executed, configure a processor to perform functions of a two-party
> elliptic curve digital signature algorithm described herein.
>
> [...]
>
> In this instance the malicious actor would then also have to collude
> with a previous owner of the funds to recreate the full key. Because
> an attack requires either the simultaneous theft of both exchange and
> depositor keys or collusion with previous legitimate owners of funds,
> the opportunities for a malicious attacker to compromise the exchange
> platform are limited.
Thank you,
-Dave
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next prev parent reply other threads:[~2020-03-31 10:36 UTC|newest]
Thread overview: 25+ messages / expand[flat|nested] mbox.gz Atom feed top
2020-03-25 13:52 Tom Trevethan
2020-03-26 1:20 ` ZmnSCPxj
2020-03-26 3:55 ` Albert
2020-03-26 12:36 ` Ruben Somsen
2020-03-26 17:12 ` Christian Decker
2020-03-26 17:17 ` Greg Sanders
2020-03-26 18:53 ` Ruben Somsen
2020-03-27 1:46 ` ZmnSCPxj
2020-03-27 15:12 ` Ruben Somsen
2020-03-28 2:20 ` ZmnSCPxj
2020-03-26 14:52 ` Bob McElrath
2020-03-27 17:10 ` Bob McElrath
2020-03-28 2:42 ` ZmnSCPxj
2020-03-28 17:38 ` Ruben Somsen
2020-03-28 17:42 ` Ruben Somsen
2020-03-30 1:25 ` ZmnSCPxj
2020-03-31 10:35 ` David A. Harding [this message]
2020-03-31 11:41 ` Tom Trevethan
2020-04-02 22:56 ` Tom Trevethan
2020-04-03 16:37 ` Nadav Kohen
2020-04-04 12:07 ` ZmnSCPxj
2020-04-05 14:17 ` Bob McElrath
2020-04-05 18:24 ` ZmnSCPxj
2020-04-05 21:25 ` Tom Trevethan
2020-05-07 14:54 ` Tom Trevethan
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