International Association for Cryptologic Research

International Association
for Cryptologic Research

IACR News item: 16 October 2015

Zhichao Zhao, T-H. Hubert Chan
ePrint Report ePrint Report
Bitcoin is the first decentralized crypto-currency that is currently by far the most popular one in use. The bitcoin transaction syntax is

expressive enough to setup digital contracts whose fund transfer can be enforced automatically.

In this paper, we design protocols for the bitcoin

voting problem, in which there are n voters, each of which wishes to fund exactly one of two candidates A and B. The winning candidate is determined by majority voting, while the privacy of individual vote is preserved. Moreover, the decision is irrevocable in the sense

that once the outcome is revealed, the winning candidate is guaranteed to have the funding from all n voters.

As in previous works, each voter is incentivized to follow the protocol by being required to put a deposit in the system, which will be used as compensation if he deviates from the protocol. Our solution is similar to previous protocols used for lottery, but needs

an additional phase to distribute secret random numbers via zero-knowledge-proofs. Moreover, we have resolved a security issue in previous protocols that could prevent compensation from being paid.

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