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

Ittay Eyal

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

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

Research output: Contribution to specialist publication › Article

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.

Original language	English
Pages	38-49
Number of pages	12
Volume	50
No	9
Specialist publication	Computer
DOIs	https://doi.org/10.1109/MC.2017.3571042
State	Published - 2017
Externally published	Yes

Keywords

Bitcoin
Bitcoin Next Generation
Corda
DAO
DLT
Ethereum
Hyperledger
Solidus
Spectre
blockchain
consensus protocol
cryptocurrency
decentralized autonomous organization
distributed-ledger technology
financial technology
privacy
proof of elapsed time
proof of stake
proof of work
security
smart contract

All Science Journal Classification (ASJC) codes

General Computer Science

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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

Cite this

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title = "Blockchain Technology: Transforming Libertarian Cryptocurrency Dreams to Finance and Banking Realities",

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.",

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year = "2017",

doi = "https://doi.org/10.1109/MC.2017.3571042",

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KW - Bitcoin

KW - Bitcoin Next Generation

KW - Corda

KW - DAO

KW - DLT

KW - Ethereum

KW - Hyperledger

KW - Solidus

KW - Spectre

KW - blockchain

KW - consensus protocol

KW - cryptocurrency

KW - decentralized autonomous organization

KW - distributed-ledger technology

KW - financial technology

KW - privacy

KW - proof of elapsed time

KW - proof of stake

KW - proof of work

KW - security

KW - smart contract

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SN - 0018-9162

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JO - Computer

JF - Computer

ER -

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

Abstract

Keywords

All Science Journal Classification (ASJC) codes

UN SDGs

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