Fun

Dark DAOs: Vitalik Buterin explores ways to mitigate bribery threats

News Feed - 2024-08-17 06:08:37

Ana Paula Pereira2 hours agoDark DAOs: Vitalik Buterin explores ways to mitigate bribery threatsProof of Complete Knowledge (PoCK) aims to prevent bribery attacks by ensuring real control over voting keys.482 Total viewsListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTCOINTELEGRAPH IN YOUR SOCIAL FEEDFollow ourSubscribe onA group of researchers from Cornell University is investigating potential threats that could turn into “dark” voting systems in decentralized autonomous organizations (DAOs). 


This group is formed by Ethereum co-founder Vitalik Buterin and PhD students Mahimna Kelkar, Kushal Babel, Philip Daian and James Austgen. Their work revolves around how to mitigate an imminent threat to decentralization as DAOs go mainstream: unified attacks against protocols through smart contracts bribery.


During the Science of Blockchain Conference held at Columbia University in early August, Cointelegraph spoke with Mahimna Kelkar about the group’s research on proofs of complete knowledge (CK) — a new cryptographic notion they introduced in 2023.


Proof of knowledge is a cryptography concept that allows one party (the prover) to convince another party (the verifier) that they possess some secret information, like a secret key, without actually revealing that information.


The concept has been widely used in the crypto industry to improve privacy on transactions, but a “subtle gap” still allows scenarios where this secret information could be held by some external mechanism, like trusted hardware, rather than directly by the prover. According to Kelkar:“When the secret key is held inside a trusted hardware, in what we call encumbrance of the secret key, you can still complete this proof of knowledge without actually having knowledge of the underlying secret key.”Bribery attacks


This limitation in the way standard proofs of knowledge are defined could turn voting protocols vulnerable to bribery attacks, Kelkar explained. 


The lack of a central authority is a key concept behind DAOs’ governance. Members of a DAO are usually tokenholders with voting power on rules and decisions. In a bribery attack, however, a malicious actor could offer tokenholders financial incentives through smart contracts, bribing participants to vote for a particular proposal or outcome.


“[..] A voting platform may be vulnerable to bribery attacks [...], where users can sort of sell their votes to bribers in a dark marketplace,” explained Kelkar. “What our work tries to do is establish an individual, real person kind of ownership of data.”Source: The Initiative for CryptoCurrencies and Contracts (IC3)Proof of Complete Knowledge


An attacker could use a trusted execution environment (TEE) to ensure that tokenholders who accepted a bribe can’t vote freely. In this environment, the attacker controls when and how the keys can be used. 


The researchers identified two ways of enforcing proof of complete knowledge. One includes using TEE to prove that a voter owns a key and can use it. The tokenholder can also remove the key of this environment to use it freely whenever they want.


In this way, tokenholders still keep complete control over their key. Even if an attacker wants to lock the key away to control the voter, the key is already managed by the voting system’s own TEE.


A second approach involves restricting keys using application-specific integrated circuits (ASICS), which are usually machines used in Bitcoin mining. By sending a key to the ASIC — which lacks a TEE environment — the key remains accessible to the user, ensuring they have complete control over it, while still demonstrating that the key was used by the ASIC and preventing its use in a TEE.


The research is still in the prototype stage, according to Kelkar. “We show that this is a realistic threat to DAOs, and we show this by demonstrating a practically deployable dark DAO, which can facilitate vote buying in existing DAOs. It’s not something that you can deploy tomorrow, but it’s like practically instantiable as a research prototype today," Kelkar added.


Magazine: DeFi and Ethereum are the ‘new narrative’: Michaël van de Poppe, X Hall of Flame# Blockchain# Smart Contracts# Decentralization# Vitalik Buterin# DAOAdd reaction

News Feed

Bitcoin post-halving price consolidation could last 2 months — Bitfinex
Gareth Jenkinson13 hours agoBitcoin post-halving price consolidation could last 2 months — BitfinexThe Bitcoin halving is widely expected to have a positive impact on the price of the preeminent cryptocurrency, but ana
Fractional NFT Markets Slide 76% in Value in 7 Months, Diced-up Doge NFT Still Leads the Pack
Fractional NFT Markets Slide 76% in Value in 7 Months, Diced-up Doge NFT Still Leads the Pack When non-fungible token (NFT) collectibles became popular, the fractionalized NFT mark
Cash App Introduces Paid in Bitcoin, BTC Roundup and Lightning Network Services
Cash App Introduces Paid in Bitcoin, BTC Roundup and Lightning Network Services At the Bitcoin 2022 conference in Miami, Block, Inc., formerly Square, Inc., announced three new bit
Former Blockchain Global director restricted from leaving Australia
Tom Mitchelhill39 minutes agoFormer Blockchain Global director restricted from leaving AustraliaLiang “Allan” Guo — was one of three directors of a company that operated the ACX Exchange, which collapsed in 2021 an
T-Systems and Validation Capital Partner With Flow Blockchain
T-Systems and Validation Capital Partner With Flow Blockchain PRESS RELEASE. January 13, 2021 –T-Systems MMS, a subsidiary of the largest telecommunication
Independent Russian News Site Meduza Raises Over $200,000 in Crypto
Independent Russian News Site Meduza Raises Over $200,000 in Crypto Pressure from the Kremlin and sanctions from the West have forced Russian news outlet Meduza to increasingly rel
Defi Lending Sector Experiences Major Shake-Up: 71% of Total Value Locked Evaporates in 12 Months
Defi Lending Sector Experiences Major Shake-Up: 71% of Total Value Locked Evaporates in 12 Months Decentralized finance (defi) has continued to remain deeply ingrained in the crypt
Feds Seize $34 Million in Crypto From Unidentified Florida Man
Feds Seize $34 Million in Crypto From Unidentified Florida Man On April 4, 2022, the Department of Justice (DOJ) and the U.S. Attorney’s Office of South Florida revealed tha
John Deaton files amicus brief in support of Coinbase appeal against SEC
Turner Wright3 hours agoJohn Deaton files amicus brief in support of Coinbase appeal against SECThe lawyer said he had filed a brief on behalf of 4,701 Coinbase customers for no charge as part of his advocacy work in the
JPMorgan: Institutional Investors Dump Gold for Bitcoin Seeing It as Better Inflation Hedge
JPMorgan: Institutional Investors Dump Gold for Bitcoin Seeing It as Better Inflation Hedge Global investment bank JPMorgan says institutional investors are returning to bitcoin, s
SEC Commissioner: True Decentralized Projects Pose a Challenge to Crypto Regulation
SEC Commissioner: True Decentralized Projects Pose a Challenge to Crypto Regulation A commissioner with the U.S. Securities and Exchange Commission (SEC) says that true decentraliz
Bitcoin On-Chain Model Shows Critical Support At $104,000-$108,000 – Details
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu