OpenSquare: Decentralized Repeated Modular Squaring Service
Sri Aravinda Krishnan Thyagarajan, Tiantian Gong, Adithya Bhat, Aniket Kate, Dominique Schröder · 2021
Repeated Modular Squaring is a versatile computational operation that has led to practical constructions of timed-cryptographic primitives like time-lock puzzles (TLP) and verifiable delay functions (VDF) that have a fast growing list of applications. While there is a huge interest for timed-cryptographic primitives in the blockchains area, we find two real-world concerns that need immediate attention towards their large-scale practical adoption: Firstly, the requirement to constantly perform computations seems unrealistic for most of the users. Secondly, choosing the parameters for the bound (T) seems complicated due to the lack of heuristics and experience. We present OpenSquare, a decentralized repeated modular squaring service, that overcomes the above concerns. OpenSquare lets clients outsource their repeated modular squaring computation via smart contracts to any computationally powerful servers that offer computational services for rewards in an unlinkable manner.