Authcoin: Validation and Authentication in Decentralized Networks

Abstract

Authcoin is an alternative approach to the commonly used public key infrastructures such as central authorities and the PGP web of trust. It combines a challenge response-based validation and authentication process for domains, certificates, email accounts and public keys with the advantages of a block chain-based storage system. As a result, Authcoin does not suffer from the downsides of existing solutions and is much more resilient to sybil attacks.