Optimal trade-off for Merkle tree traversal

In this paper we describe optimal trade-offs between time and space complexity of Merkle tree traversals with their associated authentication paths, improving on the previous results of M. Jakobsson, T. Leighton, S. Micali, and M. Szydlo [Fractal Merkle tree representation and traversal, in: RSA Cryptographers Track, RSA Security Conference, 2003] and M. Szydlo [Merkle tree traversal in log space and time, in: Proc. Eurocrypt, in: LNCS, vol. 3027, 2004, pp. 541–554; Merkle tree traversal in log space and time, Preprint version 2003, available at http://www.szydlo.com]. In particular, we show that our algorithm requires 2logn/log(3)n hash function computations and storage for less than (logn/log(3)n+1)loglogn+2logn hash values, where n is the number of leaves in the Merkle tree. We also prove that these trade-offs are optimal, i.e. there is no algorithm that requires less than O(logn/logt) time and less than O(tlogn/logt) space for any choice of parameter t≥2.Our algorithm could be of special interest in the case when both time and space are limited.