research-article

Blockchain Technology: Transforming Libertarian Cryptocurrency Dreams to Finance and Banking Realities

Author:

Ittay EyalAuthors Info & Claims

Computer, Volume 50, Issue 9

Pages 38 - 49

https://doi.org/10.1109/MC.2017.3571042

Published: 01 January 2017 Publication History

Abstract

The financial technology (FinTech) sector sees high potential value in cryptocurrency blockchain protocols, or distributed-ledger technology (DLT). However, the requirements and guarantees of blockchains for cryptocurrencies do not match those of FinTech—from transaction throughput to security primitives and privacy. The author explores how blockchain research beyond Bitcoin is closing these gaps and some of the challenges that remain.

References

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I. Abraham et al., “Solidus: An Incentive-Compatible Cryptocurrency Based on Permissionless Byzantine Consensus,” preprint 1612.02916, arXiv, 2016; arxiv.

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I. Eyal et al., “Bitcoin-NG: A Scalable Block-chain Protocol,” Proc. Networked Systems Design and Implementation (NSDI 16), 2016, pp. 45–59.

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E.K. Kogias et al., “Enhancing Bitcoin Security and Performance with Strong Consistency via Collective Signing,” Proc. USENIX Security (Sec 16), 2016, pp. 279–296.

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R. Pass and E. Shi, “Hybrid Consensus: Efficient Consensus in the Permissionless Model,” report, Cryptology ePrint Archive, 2016; eprint.iacr.org/2016/917.

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Blockchain Technology: Transforming Libertarian Cryptocurrency Dreams to Finance and Banking Realities

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Published In

Computer Volume 50, Issue 9

2017

102 pages

ISSN:0018-9162

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IEEE Computer Society Press

Washington, DC, United States

Publication History

Published: 01 January 2017

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Wang JZhao CHuang LYang SWang M(2024)Uncovering research trends and opportunities on FinTech: a scientometric analysisElectronic Commerce Research10.1007/s10660-022-09554-824:1(105-129)Online publication date: 1-Mar-2024
https://dl.acm.org/doi/10.1007/s10660-022-09554-8
Gai WGu YQin J(2022)Financial Automation Audit Method Based on Blockchain TechnologyComputational Intelligence and Neuroscience10.1155/2022/99415852022Online publication date: 1-Jan-2022
https://dl.acm.org/doi/10.1155/2022/9941585
Ruan Y(2022)Exploration and Practice of the Acquisition Path of Spoken English for Special Purposes with the Blockchain TechnologyMobile Information Systems10.1155/2022/94604192022Online publication date: 1-Jan-2022
https://dl.acm.org/doi/10.1155/2022/9460419
Qin X(2022)Information and Data Analysis Based on Big Data and Blockchain Technology in Promoting the Development of Cultural Tourism IndustrySecurity and Communication Networks10.1155/2022/94000772022Online publication date: 1-Jan-2022
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Yang MWang J(2022)The Security of Student Information Management System Based upon BlockchainJournal of Electrical and Computer Engineering10.1155/2022/81861892022Online publication date: 1-Jan-2022
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Zhang Y(2022)Security Control Strategy of Converged Media Platform UGC Based on Blockchain TechnologyMobile Information Systems10.1155/2022/59248582022Online publication date: 1-Jan-2022
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Wen JXie P(2022)Innovative Research on Urban Community Governance Decision-Making Relying on Distributed High-Performance Computing Blockchain Key AlgorithmsComputational Intelligence and Neuroscience10.1155/2022/40780142022Online publication date: 1-Jan-2022
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Su W(2022)Blockchain Empowers Chain Enterprises in the Digital Economy to Strengthen Risk Management ResearchJournal of Electrical and Computer Engineering10.1155/2022/25801762022Online publication date: 1-Jan-2022
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