# A scalable verification solution for blockchains

## TL;DR

This paper introduces a scalable verification system for blockchains like Ethereum, combining a dispute resolution layer with a verification game to enable secure outsourced computation and enhance transaction throughput.

## Contribution

It presents a novel layered verification framework that significantly improves blockchain scalability and security through dispute resolution and verification games.

## Key findings

- Enables secure outsourced computation on Ethereum.
- Supports decentralized mining pools via smart contracts.
- Facilitates trustless currency transfer between different cryptocurrencies.

## Abstract

Bitcoin and Ethereum, whose miners arguably collectively comprise the most powerful computational resource in the history of mankind, offer no more power for processing and verifying transactions than a typical smart phone. The system described herein bypasses this bottleneck and brings scalable computation to Ethereum. Our new system consists of a financial incentive layer atop a dispute resolution layer where the latter takes form of a versatile "verification game." In addition to secure outsourced computation, immediate applications include decentralized mining pools whose operator is an Ethereum smart contract, a cryptocurrency with scalable transaction throughput, and a trustless means for transferring currency between disjoint cryptocurrency systems.