Implications of Our Results and Related Work Sample Clauses

Implications of Our Results and Related Work. Our model can be instantiated using Xxxxxxxxxx’x VDF, which does not require trusted setup. Thus, our results show, for the first time, how to perform expected-constant round BA in a permissionless model with a simple honest majority and no trusted setup (beyond a random oracle). This has many important implications. For example, one could use our protocol to efficiently agree on a random string in a permissionless setting. This string could be used as a genesis block or as a uniform common reference string to perform an MPC protocol. Our results also significantly improves over the result of Andrychowicz and Dziembowski, who presented a protocol that achieves essentially the same, but requires O(n κ2) rounds to do so [AD15] . We also improve over a similar (slightly more efficient) version of this idea shown by Xxxx et al. [KMS14]. Another closely related work is that of Xxxxx et al. [GKLP18] who show how to bootstrap the classical Xxxxxxxx consensus pro- tocol [Nak08,GKL15,PSs17] in the PoW model without trusted setup. However, it requires O(κ) rounds, and therefore also does not constitute an expected constant round protocol.
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