Decentralization in Bitcoin and Ethereum Networks

Decentralization in Bitcoin and Ethereum Networks Adem Efe Gencer, Soumya Basu, Ittay Eyal, Robbert van Renesse, Emin Gün Sirer (Submitted on 11 Jan 2018 (v1), last revised 29 Mar 2018 (this version, v2)) Blockchain-based cryptocurrencies have demonstrated how to securely implement traditionally centralized systems, such as currencies, in a decentralized fashion. However, there have been…

The Inception of a New Era — Satoshi Nakamoto & “Bitcoin: A Peer-to-Peer Electronic Cash System”

Bitcoin: A Peer-to-Peer Electronic Cash System Satoshi Nakamoto satoshin@gmx.com http://www.bitcoin.org   Abstract. A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third…