The increased adoption of financial blockchains has fueled a lot of cryptography research in recent years. One area of high interest is transaction confidentiality which requires hiding investors' account balances and transaction amounts, while enforcing compliance rules and performing validity checks on all activities. This blog post will look at the Zether  protocol, which … Continue reading On the Use of Pedersen Commitments for Confidential Payments
The secure generation of parameters for zk-SNARKs is a crucial step in the trustworthiness of the resulting proof system. By highlighting some potential pitfalls and important security considerations of these implementations, NCC Group hopes to provide helpful pointers to all implementers and avoid the introduction of vulnerabilities detrimental to the confidence users have in the different applications of these systems.
During the spring of 2020, O(1) Labs engaged NCC Group to conduct a cryptographic assessment of Coda Protocol. This cryptocurrency leverages state-of-the art cryptographic constructions to provide traditional cryptocurrency applications with a more lightweight blockchain. This assessment focused on the core cryptographic primitives as well as the overlaid protocol. The O(1) Labs team provided source … Continue reading Public Report – Coda Cryptographic Review
Verifiable Random Functions (VRFs) have recently seen a strong surge in popularity due to their usefulness in blockchain applications. Earlier I wrote about what VRFs are, where they can be used, and a few dozen things to consider when reviewing them. In this follow-on blog post, I am pleased to introduce actual working code that … Continue reading Exploring Verifiable Random Functions in Code
By Aleksandar Kircanski and Terence Tarvis A good amount of effort has been dedicated to surveying and systematizing Ethereum smart contract security bug classes. There is, however, a gap in literature when it comes to surveying implementation-level security bugs that commonly occur in basic PoW blockchain node implementations, discovered during the first decade of Bitcoin’s … Continue reading Whitepaper – Coinbugs: Enumerating Common Blockchain Implementation-Level Vulnerabilities
Running smart contracts in a Trusted Execution Environment (TEE) such as Intel Software Guard Extensions (SGX) to preserve the confidentiality of blockchain transactions is a novel and not widely understood technique. In this blog post, we point out several bug classes that we observed in confidential smart contract designs and implementations in our recent client … Continue reading Smart Contracts Inside SGX Enclaves: Common Security Bug Patterns
While Verifiable Random Functions (VRFs) were first described just over twenty years ago , they have recently seen a strong resurgence in popularity due to their usefulness in blockchain applications . This blog post will introduce VRFs in the context of other well-known cryptographic primitives, describe three example use cases, and then highlight over two … Continue reading Reviewing Verifiable Random Functions
Ethereum, a popular cryptocurrency, utilizes a P2P flood network overlay protocol in order to propagate new transactions and state around the network. As has been shown in previous works[^1][^2], observing the propagation of transactions through the peer-to-peer network layer is often enough to deanonymize users of cryptocurrency networks....