Lamport scheme (not signature) to economize on L1

Posted by G. Andrew Stone

Dec 22, 2023/04:52 UTC

The email raises concerns about the impact of a proposed change on the security model concerning chain reorganizations, specifically in the context of double-spending attacks. The sender is apprehensive that the new proposal might allow an attacker to redirect not just their own previously spent UTXOs (Unspent Transaction Outputs), but all funds that have reached a certain maturity level — indicated by the revelation of the previous preimage in the hash chain.

In traditional double-spending scenarios, attackers are limited to attempting to reverse their transactions. However, under the proposed system, there's a possibility that the attack surface could broaden significantly. Once the funds have matured past a certain number of blocks, as per the proposal, they could potentially be vulnerable to redirection by an attacker.

This effectively means that the number of blocks required for funds to mature acts as an "embargo period." Therefore, any coin that anyone spends within the interval between the fork point and the required maturity depth could be at risk. This suggests that the proposed model might inadvertently offer an exploitable avenue for attackers to perform more extensive double-spending attacks than currently possible.

Link to Raw Post
Bitcoin Logo

TLDR

Join Our Newsletter

We’ll email you summaries of the latest discussions from authoritative bitcoin sources, like bitcoin-dev, lightning-dev, and Delving Bitcoin.

Explore all Products

ChatBTC imageBitcoin searchBitcoin TranscriptsSaving SatoshiBitcoin Transcripts Review
Built with 🧡 by the Bitcoin Dev Project
View our public visitor count

We'd love to hear your feedback on this project?

Give Feedback