Proxy auction protocol in P2P network
P2P网络中的代理拍卖协议

A 2nd-price proxy auction protocol in peer-to-peer(P2P) network was presented. Bidders could enter and leave the protocol after throwing out the bid-chains, and other peers in the P2P network completed the auction instead. During the whole auction, bid-chains containing lower prices would be discarded encrypted and only the one of highest price was left. Compared with other auction protocols, bidders can submit their bids asynchronously like the distributed auctions, and all the bids are kept secret before the end of the protocol like the sealed-bid auctions.