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Omni Layer Enhancement 303 - The Omni Layer State Machine and Utreexo #10

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Omni Layer Enhancement 303 - The Omni Layer State Machine and Utreexo #10

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37 changes: 37 additions & 0 deletions OLEs/ole-303.adoc
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OLE: 303
Layer: Applications
Title: The Omni Layer State Machine and Utreexo
Author: Paden Moss <[email protected]>
Comments-Summary: No comments yet.
Comments-URI: https://github.com/OmniLayer/Documentation/blob/master/OLEs/ole-303.adoc
Status: Draft
Type: Informational
Created: 2020-10-08
License: BSD-2-Clause
....

== Introduction

A hash accumulator, inclusion proofs, and simple payment verification will improve the Omni Layer State Machine by optimizing speed and state size for new nodes.

=== Abstract

The omni layer data currently stored in the OP_RETURN would be accessible and modifiable on mobile by downloading merkle tree inclusion proof hashes for omni transactions into a cryptographic accumulator and simple payment verification nodes mapping these leaves to UTXOs.

=== Copyright

This OLE is licensed under the 2-clause BSD license.

=== Motivation

Omni Layer rescan and reindex times are very cumbersome for new nodes. Organizing the omni layer state machine differently will improve participation.

=== Background

Utreexo: A dynamic hash-based accumulator optimized for the Bitcoin UTXO set
https://dci.mit.edu/utreexo
https://eprint.iacr.org/2019/611.pdf

== Specification