1. (Short Paper) Towards More Reliable Bitcoin Timestamps
- Author
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Pawel Szalachowski
- Subjects
FOS: Computer and information sciences ,Computer Science - Cryptography and Security ,business.industry ,Computer science ,Reliability (computer networking) ,05 social sciences ,Timestamping ,02 engineering and technology ,Synchronization ,Backward compatibility ,Server ,0202 electrical engineering, electronic engineering, information engineering ,020201 artificial intelligence & image processing ,Timestamp ,0509 other social sciences ,050904 information & library sciences ,business ,Cryptography and Security (cs.CR) ,Protocol (object-oriented programming) ,Computer network ,Block (data storage) - Abstract
Bitcoin provides freshness properties by forming a blockchain where each block is associated with its timestamp and the previous block. Due to these properties, the Bitcoin protocol is being used as a decentralized, trusted, and secure timestamping service. Although Bitcoin participants which create new blocks cannot modify their order, they can manipulate timestamps almost undetected. This undermines the Bitcoin protocol as a reliable timestamping service. In particular, a newcomer that synchronizes the entire blockchain has a little guarantee about timestamps of all blocks. In this paper, we present a simple yet powerful mechanism that increases the reliability of Bitcoin timestamps. Our protocol can provide evidence that a block was created within a certain time range. The protocol is efficient, backward compatible, and surprisingly, currently deployed SSL/TLS servers can act as reference time sources. The protocol has many applications and can be used for detecting various attacks against the Bitcoin protocol., Comment: In Proceedings of Crypto Valley Conference on Blockchain Technology (CVCBT), 2018
- Published
- 2018
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