Incentives in Ethereum's Hybrid Casper Protocol
March 11, 2019 Β· Declared Dead Β· π International Conference on Blockchain
"No code URL or promise found in abstract"
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Authors
Vitalik Buterin, Daniel Reijsbergen, Stefanos Leonardos, Georgios Piliouras
arXiv ID
1903.04205
Category
cs.CR: Cryptography & Security
Cross-listed
cs.DC,
cs.GT
Citations
98
Venue
International Conference on Blockchain
Last Checked
4 months ago
Abstract
We present an overview of hybrid Casper the Friendly Finality Gadget (FFG): a Proof-of-Stake checkpointing protocol overlaid onto Ethereum's Proof-of-Work blockchain. We describe its core functionalities and reward scheme, and explore its properties. Our findings indicate that Casper's implemented incentives mechanism ensures liveness, while providing safety guarantees that improve over standard Proof-of-Work protocols. Based on a minimal-impact implementation of the protocol as a smart contract on the blockchain, we discuss additional issues related to parametrisation, funding, throughput and network overhead and detect potential limitations.
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