Proof-of-Reputation Blockchain with Nakamoto Fallback
Reputation is a major component of trustworthy systems. However, the subjective nature of reputation, makes it tricky to base a system’s security on it. In this work, we describe how to leverage reputation to establish a highly scalable and efficient blockchain. Our treatment puts emphasis on reputation fairness as a key feature of reputation-based protocols. We devise a definition of reputation fairness that ensures fair participation while giving chances to newly joining parties to participate and potentially build reputation. We also describe a concrete lottery in the random oracle model which achieves this definition of fairness. Our treatment of reputation-fairness can be of independent interest.