Beyond Bitcoin - Part I: A critical look at blockchain-based systems

Pasquale Forte; Diego Romano; Giovanni Schmid

Paper 2015/1164

Beyond Bitcoin - Part I: A critical look at blockchain-based systems

Pasquale Forte, Diego Romano, and Giovanni Schmid

Abstract

After more than six years from the launch of Bitcoin, it has become ev- ident that the decentralized transaction ledger functionality implemented through the blockchain technology can be used not only for cryptocurrencies, but to register, confirm and transfer any kind of contract and property. In this work we analyze the most relevant functionalities and known issues of this technology, with the intent of pointing out the possible behaviours that are not as efficient as they should when thinking with a broader outlook. Our analysis would be the starting point for the introduction of a new approach to blockchain creation and management, which will be the subject of a forthcoming paper.

Note: A misspell in the title

Metadata

Available format(s): PDF
Category: Cryptographic protocols
Publication info: Published elsewhere. Major revision. Cryptography 2017, 1(2), 15
DOI: doi:10.3390/cryptography1020015
Keywords: cryptocurrency blockchain mining
Contact author(s): giovanni schmid @ cnr it
History: 2017-09-22: revised; 2015-12-02: received; See all versions
Short URL: https://ia.cr/2015/1164
License: CC BY

BibTeX

@misc{cryptoeprint:2015/1164,
      author = {Pasquale Forte and Diego Romano and Giovanni Schmid},
      title = {Beyond Bitcoin - Part I: A critical look at blockchain-based systems},
      howpublished = {Cryptology {ePrint} Archive, Paper 2015/1164},
      year = {2015},
      doi = {doi:10.3390/cryptography1020015},
      url = {https://eprint.iacr.org/2015/1164}
}