Is Bitcoin a Decentralized Currency?

By Arthur Gervais, Ghassan O. Karame, Vedran Capkun, Srdjan Čapkun. IEEE Security and Privacy, 2014

329 citations recorded by the source corpus.

Subfields: Artificial Intelligence, Computer Networks and Communications, Information Systems

View Paper: https://www.semanticscholar.org/paper/d502b612d7e728ed400e1940bb4ee893a6e22fc1

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Artificial Intelligence

In Computer Networks and Communications

In Information Systems

Citations in the corpus

Stubborn Mining: Generalizing Selfish Mining and Combining with an Eclipse Attack (2016, background): “The feasibility of eclipse attacks (either short-term or long-term) have been demonstrated in a couple of earlier works [13], [11].”
A Survey on Consensus Mechanisms and Mining Strategy Management in Blockchain Networks (2018, background): “Since the introduction of ASIC devices and pool mining for PoW-based blockchain networks, concerns have been raised about the nodes’ incentive to fully abide by the protocol [53], [54], [58], [114].”
OmniLedger: A Secure, Scale-Out, Decentralized Ledger via Sharding (2018, background): “76%1 per shard per block under a 25% adversary, which cannot safely be relaxed in a PoW system [23].”
SoK: Research Perspectives and Challenges for Bitcoin and Cryptocurrencies (2015, unknown): “which blockchain is considered Bitcoin [48], [64].”
Blockchain Technology and Decentralized Governance: Is the State Still Necessary? (2017, background): “This could, in turn, lead to severe consequences on the fate and reputation of the system” (Gervais, Karame, Capkun & Capkun 2013, p. 10).”
Hijacking Bitcoin: Routing Attacks on Cryptocurrencies (2016, background): “While eclipsing attacks [31], [27] have a similar impact than delay attacks when performed against a single node, they disrupt the victim’s connections and assume that the attacker is directly connected to the victim (Section V).”
The Quest for Scalable Blockchain Fabric: Proof-of-Work vs. BFT Replication (2015, unknown): “That said, it is worth mentioning that grouping of miners into mining pools (with the goal of splitting mining rewards and making mining a ﬁnancially more predictable endeavour) plagues Bitcoin, eﬀectively centralizing the cryptocurrency [27].”
A Survey of Blockchain From the Perspectives of Applications, Challenges, and Opportunities (2019, unknown): “3 to 7 transaction per second [12].”
A Survey of IoT Applications in Blockchain Systems (2020, background): “The initial uses of blockchain have focused on decentralized currency systems [Gervais et al. 2014].”
A Survey on Security and Privacy Issues of Bitcoin (2017, background): “Many of the results suggest that scalability remains an open problem [59] and it is hard to keep the fully decentralized network in future [60], [61].”
Centrally Banked Cryptocurrencies (2015, background): “[11] looked at the structure of mining pools, the rise of SPV clients, and the privileged rights of Bitcoin developers and concluded that Bitcoin was far from achieving full decentralization.”
A Vademecum on Blockchain Technologies: When, Which, and How (2019, background): “Decentralization is a characterizing feature for blockchain based cryptocurrency, one may argue that pool formation is nothing more than a converging trend to the original banking system [263].”