Blockchain and Cryptocurrencies: Model, Techniques, and Applications

By Yong Yuan, Feiyue Wang. IEEE Transactions on Systems, Man & Cybernetics. Systems, 2018

397 citations recorded by the source corpus.

As an emerging decentralized architecture and distributed computing paradigm underlying Bitcoin and other cryptocurrencies, blockchain has attracted intensive attention in both research and applications in recent years. The key advantage of this technology lies in the fact that it enables the establishment of secured, trusted, and decentralized autonomous ecosystems for various scenarios, especially for better usage of the legacy devices, infrastructure, and resources. In this paper, we presented a systematic investigation of blockchain and cryptocurrencies. Related fundamental rationales, technical advantages, existing and potential ecosystems of Bitcoin and other cryptocurrencies are discussed, and a six-layer reference model of the blockchain framework is proposed with detailed description for each of its six layers. Potential applications of blockchain and cryptocurrencies are also addressed. Our aim here is to provide guidance and reference for future research along this promising and important direction.

Subfields: Computer Networks and Communications, Information Systems

View Paper: https://www.semanticscholar.org/paper/0297dc68c481b9009c22d0da950c2cae2c33c6e4

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Citations in the corpus

Who Are the Phishers? Phishing Scam Detection on Ethereum via Network Embedding (2019, background): “Recently, blockchain has become a topic in the spotlight and the generalized blockchain technology is expected to bring profound changes in the fields of finance, science and technology, culture, and politics [2].”
A Survey on Blockchain for Big Data: Approaches, Opportunities, and Future Directions (2020, background): “In the digital market, cryptocurrencies are existing in different forms such as Bitcoin, Ethereum, Litecoin, Stellar, Ripple, Z-cash, Dash, etc [39, 40].”
A Survey of Blockchain From the Perspectives of Applications, Challenges, and Opportunities (2019, methodology): “Elliptic curve digital signature algorithm (ECDSA) is used by blockchain [28].”
Blockchain-Enabled Smart Contracts: Architecture, Applications, and Future Trends (2019, background): “By design, blockchain has such characteristics as decentralization, integrity, and auditability [5].”
Blockchain 3.0 applications survey (2020, background): “For example, among those scenarios we list cryptocurrencies ([3, 4]), ﬁnance and insurance ([5, 6]) and the Internet of Things ([7, 8, 9]).”
A Comprehensive Review of Blockchain Consensus Mechanisms (2021, background): “As such, it can be used for decision-making procedures that require the elimination of human interventions [62], [108].”
System architecture for blockchain based transparency of supply chain social sustainability (2020, background): “Unlike cryptocurrencies, such as Bitcoin, there is not a certain number of cryptocurrencies being issued as rewards and allocated to nodes in a blockchain network [73].”
Blockchain Governance—A New Way of Organizing Collaborations? (2020, methodology): “…using cryptographic hash functions (i.e., one-way mathematical functions that map data of any size to data of a ﬁ xed size; Schueffel et al. 2019) and that can thus be traced back to the genesis block (i.e., the ﬁ rst block back to which every other block can be traced; Yuan and Wang 2018).”
Internet of Things (IoT): A Review of Its Enabling Technologies in Healthcare Applications, Standards Protocols, Security, and Market Opportunities (2021, background): “In recent years, blockchain is an emerging decentralized architecture and distributed computing paradigm that has been concentrated in bitcoin and cryptocurrencies applications [161].”
Energy Crowdsourcing and Peer-to-Peer Energy Trading in Blockchain-Enabled Smart Grids (2019, neutral): “and time-stamped blocks that define transactions [10].”