ZERO KNOWLEDGE PROOF FOR HOMOMORPHICALLY ENCRYPTED TRANSACTIONS IN 5IRE BLOCKCHAIN

Abstract

Since public blockchains are permissionless, it is subject to passive adversarial attack. In 5irechain we have addressed the security problem related to this passive adversarial activity by applying 5ireHE, a homomorphic encryption technique that encrypts the transactional details using the receiver’s public key. Since the transaction is encrypted by the receiver’s public key, it is harder for other validators to validate the transaction in 5ire. In this paper, we introduce ZKP for validating the transaction in a sense that validator can check if the sender’s previous balance and the remaining balance are in harmony with the amount of the transaction despite the difference in public keys that are used for the encryption of transaction and the encryption of account balance.