IRS Grants Tax Safe Harbor for Digital Asset Staking Trusts
The IRS safe harbor for staking ETPs standardizes tax treatment, removing the 'power to vary investment' risk for institutional digital asset trusts.
IRS Grants Safe Harbor Allowing Crypto Trusts to Stake Digital Assets
The IRS safe harbor for staking-enabled investment trusts provides critical tax clarity, unlocking yield generation for regulated institutional products.
Revelation Mechanisms Enforce Truthful Consensus in Proof-of-Stake
A game-theoretic revelation mechanism, triggered by block disputes, establishes a unique subgame perfect equilibrium, eliminating dishonest forks and enhancing PoS security.
Restaking Sybil-Proofness: An Impossibility Theorem Limits Slashing Mechanisms
A formal proof establishes that no single slashing mechanism can simultaneously deter both single and multi-identity Sybil attacks, revealing a foundational trade-off in economic security.
Alpenglow: Solana’s Consensus Overhaul for Hyper-Efficient Block Finality
Alpenglow introduces a novel direct-vote consensus mechanism, significantly reducing Solana's transaction finality to unlock Web2-comparable performance for decentralized applications.
Mechanism Design Enhances Blockchain Consensus Truthfulness and Scalability
This research introduces novel mechanism design principles to fortify blockchain consensus, ensuring truthful block proposals and mitigating fork-related coordination failures.
Formalizing Economic Security for Permissionless Consensus Protocols with Slashing
This research formalizes economic security for permissionless consensus, demonstrating how slashing mechanisms in Proof-of-Stake can enhance network resilience.
