How to Use Bitcoin to Incentivize Correct Computations

@inproceedings{Kumaresan2014HowTU,
  title={How to Use Bitcoin to Incentivize Correct Computations},
  author={Ranjit Kumaresan and Iddo Bentov},
  booktitle={ACM Conference on Computer and Communications Security},
  year={2014}
}
We study a model of incentivizing correct computations in a variety of cryptographic tasks. For each of these tasks we propose a formal model and design protocols satisfying our model's constraints in a hybrid model where parties have access to special ideal functionalities that enable monetary transactions. We summarize our results: Verifiable computation. We consider a setting where a delegator outsources computation to a worker who expects to get paid in return for delivering correct outputs… CONTINUE READING
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