Strongly Fair Validity Sample Clauses

Strongly Fair Validity. In this section, we prove that RBA achieves strongly fair validity. Intuitively, when the network operates synchronously, every honest nodes receives all the initial messages from each other before 2λ. Then, as long as the underlying VRF is secure, the probability of being the leader is approximate the uniform distribution, so RBA achieves strongly fair validity. The result is formalized as the following theorem. Theorem 13 (strongly fair validity). Suppose the network is synchronous and F is a secure VRF. Then, RBA achieves strongly fair validity under the assumption of static adversary.
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Strongly Fair Validity. We first show that the probability is exactly lower-bounded by the uniform distribution in the ideal world. Then, we show that RBA works the same as the ideal world except the negligible probability. We define the VRF oracle, consisting of two algorithm: Oprove and Overi. Oprove is defined as: 1) Take as input a seed x and a secret key sk. 2) Return Prove(x, sk). Overi is defined as: 1) Take as input a public key pk, a seed x, a value y and a proof π. 2) Return Veri(pk, x, y, π). We also define the ideal functionality of VRF, consisting of two algorithm: Iprove and Iveri. Iprove is defined as: 1) Takes as input a seed x and a secret key sk. Y . Σ k−1 t − i n − i ( n − t ) n . t Σk ( n − t ). n 2) Check whether Q(x, sk) is defined. If not, choose y ← Thus, in expectation, the number of rounds can be computed Q(x, sk) = (y, π). If Q(x, sk) is defined, prove(x, sk) ≤ return Q(x, sk). Σ . Σ by Xxxxx is defined as: − · t n t 4 t ( ) · (6 + 4i) ≤ 6 + n . 1) Takes as input a public key pk, a seed x, a value y and ≥ ≥

Related to Strongly Fair Validity

  • Legal validity Subject to any general principles of law limiting its obligations and referred to in any legal opinion required under this Agreement, each Finance Document to which it is a party is its legally binding, valid and enforceable obligation.

  • Validity The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect.

  • Validity; Enforceability This Agreement has been duly executed and delivered by the Company, and constitutes the legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, except as such enforceability may be limited by, or subject to, any bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors' rights generally and subject to general principles of equity.

  • Patent Validity Any dispute regarding the validity of any Licensed Patent shall be litigated in the courts located in Santa Xxxxx County, California, and the parties agree not to challenge personal jurisdiction in that forum.

  • Governing Law; Validity The interpretation, construction and performance of this Agreement shall be governed by and construed and enforced in accordance with the internal laws of the State of Illinois without regard to the principle of conflicts of laws. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provisions of this Agreement, which other provisions shall remain in full force and effect.

  • Proceedings; Enforceability Assuming due execution and delivery by the other parties thereto, the Borrower Loan Documents and the Funding Loan Documents to which the Borrower is a party will constitute the legal, valid and binding agreements of the Borrower enforceable against the Borrower in accordance with their terms; except in each case as enforcement may be limited by bankruptcy, insolvency or other laws affecting the enforcement of creditors’ rights generally, by the application of equitable principles regardless of whether enforcement is sought in a proceeding at law or in equity and by public policy.

  • Authorization, Validity and Enforceability The execution, delivery and performance of all Loan Documents executed by Borrower are within Borrower’s powers, have been duly authorized, and are not in conflict with Borrower’s certificate of incorporation or by-laws, or the terms of any charter or other organizational document of Borrower, as amended from time to time; and all such Loan Documents constitute valid and binding obligations of Borrower, enforceable in accordance with their terms (except as may be limited by bankruptcy, insolvency and similar laws affecting the enforcement of creditors’ rights in general, and subject to general principles of equity).

  • Continued Validity A holder of shares of Common Stock issued upon the exercise of this Warrant, in whole or in part (other than a holder who acquires such shares after the same have been publicly sold pursuant to a Registration Statement under the Securities Act or sold pursuant to Rule 144 thereunder), shall continue to be entitled with respect to such shares to all rights to which it would have been entitled as Holder under Sections 9, 10 and 14 of this Warrant. The Company will, at the time of exercise of this Warrant, in whole or in part, upon the request of Holder, acknowledge in writing, in form reasonably satisfactory to Holder, its continuing obligation to afford Holder all such rights; provided, however, that if Holder shall fail to make any such request, such failure shall not affect the continuing obligation of the Company to afford to Holder all such rights.

  • Enforceability If any portion or provision of this Agreement (including, without limitation, any portion or provision of any section of this Agreement) shall to any extent be declared illegal or unenforceable by a court of competent jurisdiction, then the remainder of this Agreement, or the application of such portion or provision in circumstances other than those as to which it is so declared illegal or unenforceable, shall not be affected thereby, and each portion and provision of this Agreement shall be valid and enforceable to the fullest extent permitted by law.

  • Authorization; Validity The execution, delivery and performance of this Agreement and the other Transaction Documents have been duly and validly authorized by the Board of Directors of Buyer. This Agreement has been duly and validly executed and delivered by Buyer and (assuming the valid execution and delivery of this Agreement by Seller) constitutes a legal, valid and binding agreement of Buyer enforceable against it in accordance with its terms.

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