• DocumentCode
    33050
  • Title

    Is Bitcoin a Decentralized Currency?

  • Author

    Gervais, Arthur ; Karame, Ghassan O. ; Capkun, Vedran ; Capkun, S.

  • Volume
    12
  • Issue
    3
  • fYear
    2014
  • fDate
    May-June 2014
  • Firstpage
    54
  • Lastpage
    60
  • Abstract
    Bitcoin has achieved popularity by promising users a fully decentralized, low-cost virtual currency system. However, a limited set of entities controls Bitcoin´s services, decision-making, mining, and incident resolution processes. These entities can decide Bitcoin´s fate, bypassing the will of the multitude of users that populate the network.
  • Keywords
    foreign exchange trading; bitcoin; decentralized currency; low-cost virtual currency system; Cryptography; Internet; Online banking; Peer-to-peer computing; Proposals; Bitcoin; decentralized decision process; privacy; security;
  • fLanguage
    English
  • Journal_Title
    Security & Privacy, IEEE
  • Publisher
    ieee
  • ISSN
    1540-7993
  • Type

    jour

  • DOI
    10.1109/MSP.2014.49
  • Filename
    6824541
    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=49&DC=33050