International Association
for Cryptologic Research

Verifiable random functions (Micali et al., FOCS'99) allow a key-pair holder to verifiably evaluate a pseudorandom function under that particular key pair. These primitives enable fair and verifiable pseudorandom lotteries, essential in proof-of-stake blockchains such as Algorand and Cardano, and are being used to secure billions of dollars of capital. As a result, there is an ongoing IRTF effort to standardize VRFs, with a proposed ECVRF based on elliptic-curve cryptography appearing as the most promising candidate.

In this work, towards understanding the general security of VRFs and in particular the ECVRF construction, we provide an ideal functionality in the Universal Composability (UC) framework (Canetti, FOCS'01) that captures VRF security, and show that ECVRF UC-realizes this functionality.

We further show how the range of a VRF can generically be extended in a modular fashion based on the above functionality. This observation is particularly useful for protocols such as Ouroboros since it allows to reduce the number of VRF evaluations (per slot) and VRF verifications (per block) from two to one at the price of additional (but much faster) hash-function evaluations.

Finally, we study batch verification in the context of VRFs. We provide a UC-functionality capturing a VRF with batch-verification capability, and propose modifications to ECVRF that allow for this feature. We again prove that our proposal UC-realizes the desired functionality. We provide a performance analysis showing that verification can yield a factor-two speedup for batches with 1024 proofs, at the cost of increasing the proof size from 80 to 128 bytes.