As I promised, I’m publishing the preliminary paper on how to apply MAVE-3 to P2P cryptocurrency. I spent some time re-thinking everything and meanwhile (at 2 a.m.) I designed a new one-time digital signature algorithm with 1600 byte signatures, and 80 bit public keys, that is faster than RSA. Better than Lamport’s but probably not better than Merkle-Winternitz. Every time I think I’ve finished something, I start a new thing…

Apart from the description of the new protocol, you’ll find interesting proposals for Bitcoin evolution such as:

Combining Multiple Digital Signature Algorithms into a single P2P currency

Protection from Miners selfishness

Adding a Proof-of-work for every Bitcoin transaction, and how the network can deal with this.

Free market and the principle of Least Required Security (LRS) to optimize network resource usage.

How to achieve more advanced transaction fee rates.

Hybrid systems

The hidden costs of maintaining a Bitcoin client.

MAVEPAY: a new lightweight payment scheme for peer to peer currency networks

Enjoy it!