2018Unpublished venueRequires access

Is the cost of proof-of-work consensus quasilinear?

Aditya Asgaonkar, Pranav Palande, Ramprasad Joshi

Open publisher page 5 citations

Abstract

The increasing popularity of Bitcoin, Ethereum and other cryptocurrencies has led to a rising interest in its underlying blockchain technology. Blockchains serve as distributed ledgers, and are fundamentally different from traditional distributed databases. In view of this large scale adoption of blockchain technology, it is of interest to analyze the performance of the underlying mechanisms in peer-to-peer blockchain networks.

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What this paper is about

The increasing popularity of Bitcoin, Ethereum and other cryptocurrencies has led to a rising interest in its underlying blockchain technology. Blockchains serve as distributed ledgers, and are fundamentally different from traditional distributed databases. In view of this large scale adoption of blockchain technology, it is of interest to analyze the performance of the underlying mechanisms in peer-to-peer blockchain networks.

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OpenAlex reports 5 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

The increasing popularity of Bitcoin, Ethereum and other cryptocurrencies has led to a rising interest in its underlying blockchain technology. Blockchains serve as distributed ledgers, and are fundamentally different from traditional distributed databases. In view of this large scale adoption of blockchain technology, it is of interest to analyze the performance of the underlying mechanisms in peer-to-peer blockchain networks.

Key concepts: Blockchain, Cryptocurrency, Proof-of-work system, Distributed ledger, Popularity, Computer science, Peer-to-peer, Work (physics)

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