Name
Abstract | ||
|---|---|---|
Blockchain-based replicated ledgers, pioneered in Bitcoin, are effective against double spending, but inherently attract centralised mining pools and incompressible transaction delays.
We propose a framework that forgoes blockchains, building a decentralised ledger as a self-scaling graph of cross-verifying transactions. New transactions validate prior ones, forming a thin graph secured by a cumulative proof-of-work mechanism giving fair and predictable rewards for each participant.
We exhibit rapid confirmation of new transactions, even across a large network affected by latency. We also show, both theoretically and experimentally, a strong convergence property: that any valid transaction entering the system quickly become enshrined in the ancestry of all future transactions.
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Year | DOI | Venue |
|---|---|---|
2018 | 10.1145/3205230.3205235 | BCC@AsiaCCS |
Keywords | DocType | ISBN |
Cryptocurrencies, Consensus, Decentralisation | Conference | 978-1-4503-5758-6 |
Citations | PageRank | References |
0 | 0.34 | 0 |
Authors | ||
3 | ||
Name | Order | Citations | PageRank |
|---|---|---|---|
| Xavier Boyen | 1 | 9 | 3.53 |
| Christopher Carr | 2 | 3 | 1.09 |
| Thomas Haines | 3 | 5 | 10.26 |