Centrally Banked Cryptocurrencies

26 May 2015 George Danezis Sarah Meiklejohn

Current cryptocurrencies, starting with Bitcoin, build a decentralized blockchain-based transaction ledger, maintained through proofs-of-work that also generate a monetary supply. Such decentralization has benefits, such as independence from national political control, but also significant limitations in terms of scalability and computational cost... (read more)

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  • CRYPTOGRAPHY AND SECURITY