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Stake Your Claim: Zero-Trust Validator Deployment Leveraging NFTs and Smart Contracts in Proof-of-Stake Networks. (arXiv:2308.01158v1 [cs.CR])
cs.CR updates on arXiv.org arxiv.org
We present a novel method for a multi-party, zero-trust validator
infrastructure deployment arrangement via smart contracts to secure
Proof-of-Stake (PoS) blockchains. The proposed arrangement architecture employs
a combination of non-fungible tokens (NFTs), a treasury contract, and validator
smart contract wallets to facilitate trustless participation in staking
mechanisms. The NFT minting process allows depositors to exchange their capital
for an NFT representing their stake in a validator, while the treasury contract
manages the registry of NFT holders and handles rewards distribution. …
architecture blockchains claim contract contracts deployment infrastructure networks nfts non non-fungible tokens novel participation party pos proof smart smart contract smart contracts tokens treasury trust wallets