Proceedings of the 2016 ACM SIGSAC Conference on Computer and Communications Security 2016
DOI: 10.1145/2976749.2978326
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Town Crier

Abstract: Smart contracts are programs that execute autonomously on blockchains. Their key envisioned uses (e.g. financial instruments) require them to consume data from outside the blockchain (e.g. stock quotes). Trustworthy data feeds that support a broad range of data requests will thus be critical to smart contract ecosystems. We present an authenticated data feed system called Town Crier (TC). TC acts as a bridge between smart contracts and existing web sites, which are already commonly trusted for non-blockchain a… Show more

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Cited by 434 publications
(70 citation statements)
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“…Even if the Relay module is attacked, or the network communication packets are tampered, it will not change the normal function of TC. TC system provides a robust security model for the smart contracts' off-chain data interaction, and it has already been launched online as a public service [71].…”
Section: Town Criermentioning
confidence: 99%
“…Even if the Relay module is attacked, or the network communication packets are tampered, it will not change the normal function of TC. TC system provides a robust security model for the smart contracts' off-chain data interaction, and it has already been launched online as a public service [71].…”
Section: Town Criermentioning
confidence: 99%
“…Any other contract can use such blockchain-based information. This disintermediation removes the need for an additional third party acting as an oracle [46], [26]. Further use cases are (iii) Web Archives [2], [38] for web content or deleted social media content [14], and (iv) proving misbehaviour in P2P networks [34], [16].…”
Section: Problem Statementmentioning
confidence: 99%
“…3) Other existing solutions: There are other solutions providing similar properties, such as TLSnotary [42] and Town Crier [46] that we will discuss in Section VI-C. While TLSnotary only works for older TLS versions and requires trust in a third party, Town Crier is a specific solution for smart contracts that requires a third party with special hardware and trust in the attestation service.…”
Section: ) Existing Tls-based Solutionsmentioning
confidence: 99%
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