Flyclient: Super-Light Clients for Cryptocurrencies

Benedikt Bünz, PhD Student in the Applied Crypto Group at Stanford, will speak about Flyclient (https://eprint.iacr.org/2019/226.pdf), a super-light client for cryptocurrencies. "Abstract: To ensure the validity of transactions, cryptocurrencies such as Bitcoin and Ethereum require nodes to verify that a proof-of-work blockchain is valid. Unfortunately, this often entails downloading and verifying all transaction blocks, taking days and gigabytes of bandwidth and storage to verify the blockchain…