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Time-Lock Puzzles from Randomized Encodings

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Construction produces time-lock puzzles by outputting a succinct randomized encoding of a tiny program that idles for T steps and then emits the message; solving the puzzle just runs the encoder’s public decoder for ~T steps. Security reduces to the existence of some non-parallelizing language: any shallow circuit that recovers the message yields a worst-case decider for that language. The cryptographic lever used is indistinguishability obfuscation (current way to build the encodings).

AI-written summary · about

  1. 0:00Introduction
  2. 0:20Time-lock encryption concept
  3. 2:03Time-lock puzzle definition
  4. 3:58Existing constructions
  5. 7:20Challenges in construction
  6. 10:27New approach overview
  7. 11:57Randomized encodings
  8. 15:22Construction of new puzzles
  9. 19:23Complexity assumption
  10. 22:05Proof intuition
  11. 26:27Further results and models
  12. 31:16Open problems and conclusion
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