Fair Coin Flipping: Tighter Analysis and the Many-Party Case
Niv Buchbinder, Iftach Haitner, Nissan Levi, Eliad Tsfadia

TL;DR
This paper introduces a new multi-party coin-flipping protocol with significantly reduced bias, improving fairness guarantees over previous protocols, especially as the number of parties increases, and provides a novel analysis framework for fairness.
Contribution
It presents a new t-party, m-round coin-flipping protocol with improved bias bounds and a novel paradigm for analyzing fairness in multi-party settings.
Findings
Achieves bias of O(t^4 * 2^t * sqrt(log m) / m^{1/2+1/(2^{t-1}-2)}) for t ≤ 1/2 log log m.
Improves bias bounds for three-party protocols to O(√log m / m).
Generalizes previous protocols by including a recovery mechanism for aborting or cheating parties.
Abstract
In a multi-party fair coin-flipping protocol, the parties output a common (close to) unbiased bit, even when some adversarial parties try to bias the output. In this work we focus on the case of an arbitrary number of corrupted parties. Cleve [STOC 1986] has shown that in any such -round coin-flipping protocol, the corrupted parties can bias the honest parties' common output bit by . For more than two decades, the best known coin-flipping protocol was the one of Awerbuch et al. [Manuscript 1985], who presented a -party, -round protocol with bias . This was changed by the breakthrough result of Moran et al. [TCC 2009], who constructed an -round, two-party coin-flipping protocol with optimal bias . Haitner and Tsfadia [STOC 2014] constructed an -round, three-party coin-flipping protocol with bias . Still for the…
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