Despite their usage of pseudonyms rather than persistent identifiers, most existing cryptocurrencies do not provide users with any meaningful levels of privacy. This has prompted the creation of privacyenhanced cryptocurrencies such as Monero and Zcash, which are specifically designed to counteract the tracking analysis possible in currencies like Bitcoin. These cryptocurrencies, however, also suffer from some drawbacks: in both Monero and Zcash, the set of potential unspent coins is always growing, which means users cannot store a concise representation of the blockchain. Additionally, Zcash requires a common reference string and the fact that addresses are reused multiple times in Monero has led to attacks to its anonymity. In this paper we propose a new design for anonymous cryptocurrencies, Quisquis, that achieves provably secure notions of anonymity. Quisquis stores a relatively small amount of data, does not require trusted setup, and in Quisquis each address appears on the blockchain at most twice: once when it is generated as output of a transaction, and once when it is spent as input to a transaction. Our result is achieved by combining a DDH-based tool (that we call updatable keys) with efficient zero-knowledge arguments.

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Abstract. We propose a non-interactive product argument, that is more efficient than the one by Groth and Lipmaa, and a novel shift argument. We then use them to design several novel non-interactive zero-knowledge (NIZK) arguments. We obtain the first range proof with constant communication and subquadratic prover's computation. We construct NIZK arguments for NPcomplete languages, Set-Partition, Subset-Sum and Decision-Knapsack, with constant communication, subquadratic prover's computation and linear verifier's computation.

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