ZeroAuction: Zero-Deposit Sealed-bid Auction via Delayed Execution

ePrint Report: ZeroAuction: Zero-Deposit Sealed-bid Auction via Delayed Execution

Haoqian Zhang, Michelle Yeo, Vero Estrada-Galinanes, Bryan Ford

Auctions, a long-standing method of trading goods and services, are a promising use case for decentralized finance. However, due to the inherent transparency property of blockchains, current sealed-bid auction implementations on smart contracts requires a bidder to send at least two transactions to the underlying blockchain: a bidder must first commit their bid in the first transaction during the bidding period and reveal …

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