Paper 2017/1153
Tesseract: Real-Time Cryptocurrency Exchange using Trusted Hardware
Iddo Bentov, Yan Ji, Fan Zhang, Yunqi Li, Xueyuan Zhao, Lorenz Breidenbach, Philip Daian, and Ari Juels
Abstract
We propose Tesseract, a secure real-time cryptocurrency exchange service. Existing centralized exchange designs are vulnerable to theft of funds, while decentralized exchanges cannot offer real-time cross-chain trades. All currently deployed exchanges are also vulnerable to frontrunning attacks. Tesseract overcomes these flaws and achieves a best-of-both-worlds design by using Intel SGX as a trusted execution environment. Furthermore, by running a consensus protocol among SGX-enabled servers, Tesseract mitigates denial-of-service attacks. Tesseract supports not only real-time cross-chain cryptocurrency trades, but also secure tokenization of assets pegged to cryptocurrencies. For instance, Tesseract-tokenized bitcoins can circulate on the Ethereum blockchain for use in smart contracts. We provide a reference implementation of Tesseract that supports Bitcoin, Ethereum, and similar cryptocurrencies.
Metadata
- Available format(s)
-
PDF
- Category
- Cryptographic protocols
- Publication info
- Preprint. MINOR revision.
- Keywords
- cryptocurrencyfairnessconsensustrusted hardwareattested execution
- Contact author(s)
- iddobentov @ cornell edu
- History
- 2018-07-03: revised
- 2017-11-28: received
- See all versions
- Short URL
- https://ia.cr/2017/1153
- License
-
CC BY
BibTeX
@misc{cryptoeprint:2017/1153,
author = {Iddo Bentov and Yan Ji and Fan Zhang and Yunqi Li and Xueyuan Zhao and Lorenz Breidenbach and Philip Daian and Ari Juels},
title = {Tesseract: Real-Time Cryptocurrency Exchange using Trusted Hardware},
howpublished = {Cryptology {ePrint} Archive, Paper 2017/1153},
year = {2017},
url = {https://eprint.iacr.org/2017/1153}
}
