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This paper presents Adamastor, a new low latency and scalable decentralizedanonymous payment system, which is an extension of Ring ConfidentialTransactions (RingCT) that is compatible with consensus algorithms that useDelegated Proof of Stake (DPoS) as a defense mechanism against Sybil attacks.Adamastor also includes a new Decoy Selection Algorithm (DSA) that can be ofindependent interest, called SimpleDSA, a crucial aspect of protocols that usering signatures to anonymize the sender. SimpleDSA offers security againsthomogeneity attacks and chain analysis. Moreover, it enables the pruning ofspent outputs, addressing the issue of perpetual output growth commonlyassociated with such schemes. Adamastor is implemented and evaluated using theNarwhal consensus algorithm, demonstrating significantly lower latency comparedto Proof of Work based cryptocurrencies. Adamastor also exhibits amplescalability, making it suitable for a decentralized and anonymous paymentnetwork.

Adamastor: a New Low Latency and Scalable Decentralized Anonymous Payment System