Rapid distributed consensus on blockchain
There may be provided a computer-implemented method. It may be implemented using a blockchain such as, for example, the Bitcoin blockchain. The computer-implemented method includes: i) joining a congress by transferring, by a node operating in a proof-of-work blockchain network, one or more digital assets to a congress pool having one or more other digital assets associated with other members of a congress; ii) detecting, by the node, a special transaction of digital assets on the proof-of-work blockchain network to an address associated with the congress pool, the special transaction satisfying determined criteria; and iii) minting, by the node, one or more digital assets on a proof-of-stake blockchain network in response to detecting the special transaction.
1. A computer-implemented method performed by a proposer node for proposing to have completed a task on a blockchain, the method comprising:
joining a group through transfer of tokens to a public group address to become a group member, the group being associated with a threshold signature scheme for which the proposer node controls a private key share, the transfer of tokens being made on a proof-of-work blockchain network;
identifying a request to complete a work product issued by a requester node;
completing, off-chain, the task associated with the request;
submitting a proposal in response to completing the task associated with the request;
if required, providing evidence of the task;
determining that no challenge has been made to the proposal; and
receiving digital assets for completing the work product.
2. The computer-implemented method of claim 1 , wherein the request is a computation exchange which allows proposer nodes to offload computations or performance of algorithms to other nodes.
3. The computer-implemented method of claim 1 , wherein the proposer node sends a public key for the blockchain network to the requester node to submit the proposal.
4. The computer-implemented method of claim 3 , wherein the proposer node commits the proposal in a form of a hash of the proposal.
5. The computer-implemented method of claim 4 , wherein the proposer's public key and the hash of the proposal are sent to the proposer node.
6. The computer-implemented method of claim 1 , wherein a transaction is constructed, by the requester node, comprising a bounty as input and a proposer deposit as output, wherein the transaction is signed by the requester node to allow a proposer to add their own input.
7. The computer-implemented method of claim 6 wherein the transaction is constructed to be unlocked after an expiration of a challenge period.
8. The computer-implemented method of claim 6 wherein the transaction is constructed to be unlocked with a group signature at any time.
9. The computer-implemented method of claim 1 , further comprising a challenge period during which any node can challenge the proposal submitted by the proposer node.
10. The computer-implemented method of claim 9 , wherein if no challenge is issued during the challenge period, the proposer node claims a bounty and a proposer deposit from a transaction constructed by the requester node and comprising the proposal.
11. The computer-implemented method of claim 1 , wherein the proposer provides the proposal to the requester node by embedding a solution in a transaction on a main blockchain network.
12. A non-transitory computer-readable storage medium comprising computer-executable instructions which, when executed, configure a processor to perform a method for proposing to have completed a task on a blockchain, the method comprising:
joining a group through transfer of tokens to a public group address to become a group member, the group being associated with a threshold signature scheme for which the proposer node controls a private key share, the transfer of tokens being made on a proof-of-work blockchain network;
identifying a request to complete a work product issued by a requester node;
completing, off-chain, a task associated with the request;
submitting a proposal in response to completing the task associated with the request;
if required, providing evidence of the task;
determining that no challenge has been made to the proposal; and
receiving digital assets for completing the work product.
13. An electronic device comprising:
an interface device;
a processor coupled to the interface device; and
a memory coupled to the processor, the memory having stored thereon computer executable instructions which, when executed, configure the processor to perform a method for proposing to have completed a task on a blockchain, the method comprising:
joining a group through transfer of tokens to a public group address to become a group member, the group being associated with a threshold signature scheme for which the proposer node controls a private key share, the transfer of tokens being made on a proof-of-work blockchain network;
identifying a request to complete a work product issued by a requester node;
completing, off-chain, a task associated with the request;
submitting a proposal in response to completing the task associated with the request;
if required, providing evidence of the task;
determining that no challenge has been made to the proposal; and
receiving digital assets for completing the work product.