Bitcoin unchained

Carr, Christopher; Boyd, Colin; Boyen, Xavier; Haines, Thomas

Abstract

Bitcoin’s distributed ledger is an innovative way of solving the double spending problem in a decentralised system. However, it causes incompressible transaction delays and incentivises consolidation of mining power. We ask, is it possible to eliminate these problems without losing the decentralised principles that Bitcoin was built on?

• Journal Article Type: Article
• Acceptance Date: May 1, 2017
• Publication Date: Jul 1, 2017
• Deposit Date: Feb 25, 2020
• Journal: ERCIM News
• Peer Reviewed: Peer Reviewed
• Volume: 2017
• Issue: 110
• Public URL: https://uwe-repository.worktribe.com/output/5452623
• Publisher URL: https://ercim-news.ercim.eu/en110/special/bitcoin-unchained