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On Blockchain Metatransactions [article]

István András Seres
2020 arXiv   pre-print
Ideally, in a truly permissionless blockchain, transaction fees should be payable in any other cryptocurrency via so-called metatransactions.  ...  However, without changing the underlying blockchain, metatransaction designs typically increase transaction costs and reduce the blockchain transaction throughput.  ...  This competition naturally arises as many blockchains have the same objective; to become the predominant decentralised platform for asset transfers and decentralised application hosting.  ... 
arXiv:2004.08094v1 fatcat:rk3hhov4ofaaxltojm643i35te

Crypto Politics: Notes on Sociotechnical Imaginaries of Governance in Blockchain Based Technologies [chapter]

2020 Data Loam  
has to be clearly stated that not all cryptocurrencies or blockchain based technologies in general subscribe to a crypto anarchist framework. 9 Rather, the open source nature of blockchain based technologies  ...  ledgers for cryptocurrencies.  ... 
doi:10.1515/9783110697841-009 fatcat:gnhpyk5cenef5orcp5rhdouwv4

Decentralised Autonomous Organisations and the Corporate Form

Nathan Tse
2020 Law review  
It has been suggested that the development of decentralised autonomous organisations (DAOs) will lead to a paradigm shift in the way we perceive businesses.  ...  DAOs ostensibly eliminate agency costs due to the absence of a board of directors, automated governance mechanisms and transparency provided by the blockchain upon which the DAO is launched.  ...  DAO members must trust that the initiators have coded an error free framework and have established sufficiently decentralised governance mechanisms.  ... 
doi:10.26686/vuwlr.v51i2.6573 fatcat:h75lvwfwvrhf7psyiieuj3sbkm

Idiosyncrasies of Money: 21st Century Evolution of Money

Daniel Ogachi, Paul Mugambi, Lydia Bares, Zoltan Zeman
2021 Economies  
This paper also sees poor prospects for cryptocurrencies at the moment, given their focus on the decentralisation and politicisation of money, because money requires a backstopping force, making it inherently  ...  The study concludes that price increases encourage people to keep their money in longer-term deposits, including in cryptocurrency.  ...  Acknowledgments: Special acknowledgement to the Tempus Public Foundation for the PhD scholarship. Conflicts of Interest: The authors declare no conflict of interest.  ... 
doi:10.3390/economies9010040 fatcat:fu6tybhy7fgsrdjdgsdaa2mtni

Full Text PDF of The JBBA: Vol 1, Issue 1, July 2018

Naseem Naqvi
2018 The Journal of British Blockchain Association  
This publication is not a substitute for professional advice. The contents herein are correct at the time of printing and may be subject to change.  ...  The publisher, affiliates of the British Blockchain Association, reviewers and editors assume no responsibility for any claims, instructions, methods or recommendations contained in the manuscripts.  ...  Submission implies that the work is not being considered for publication elsewhere and that it has been approved by all authors.  ... 
doi:10.31585/jbba-vol.1-issue.1-july-2018 fatcat:xgzorsimdfhetms2z4hw7kdt3y

Potential applications of Distributed Ledger Technology to the Defence Support Network [article]

J. D. Hackman
2018 arXiv   pre-print
Drawing on academic and commercial models, a framework was produced for evaluating DLT use cases which measures utility, ease of implementation and impact.  ...  framework.  ...  The Bitcoin protocol itself -a decentralised peer-to-peer network. 2. The blockchain -a public transaction ledger. 3.  ... 
arXiv:1811.11471v1 fatcat:vimeqqc7t5antaphqbvweowi2m

Trends in Crypto-Currencies and Blockchain Technologies: A Monetary Theory and Regulation Perspective

Gareth William Peters, Efstathios Panayi, Ariane Chapelle
2015 Social Science Research Network  
The internet era has generated a requirement for low cost, anonymous and rapidly verifiable transactions to be used for online barter, and fast settling money have emerged as a consequence.  ...  Centralised virtual currencies, usually for the purpose of transacting in social and gaming economies, and crypto-currencies, which aim to eliminate the need for financial intermediaries by offering direct  ...  Simply put, Bitcoin can be described as a decentralised ledger of transactions.  ... 
doi:10.2139/ssrn.2646618 fatcat:tsoicgm7dzgztenwbzt2qaub7q

Opportunities and Risks of Blockchain Technologies (Dagstuhl Seminar 17132)

Roman Beck, Christian Becker, Juho Lindman, Matti Rossi, Marc Herbstritt
2017 Dagstuhl Reports  
Blockchain-based applications such as Bitcoin or Ethereum are emerging technologies, but a dramatic increase in industrial and academic interest in the technology is evident.  ...  These opportunities and challenges provided the starting point for the Dagstuhl Seminar where we analyzed and synthesized the current body of knowledge on the emerging landscape of blockchain technologies  ...  Also, micropayment networks allow for fast transactions, as a transaction happens as soon as a smart contract is signed -the blockchain latency does not matter. Problems.  ... 
doi:10.4230/dagrep.7.3.99 dblp:journals/dagstuhl-reports/BeckBLR17 fatcat:yrm7twr3bnhsppztnxg66uj27m

Blockchain's Struggle to Deliver Impersonal Exchange

Benito Arruuada
2017 Social Science Research Network  
, including standard public interventions, especially for property transactions.  ...  Without these interventions, blockchain applications will at most enable trade in in personam claims instead of in rem rights, therefore facilitating personal instead of truly impersonal-that is, asset-based-transactions  ...  FOR BUS. VALUE, FAST FORWARD: RETHINKING ENTERPRISES, ECOSYSTEMS AND ECONOMIES WITH BLOCKCHAINS (2016),  ... 
doi:10.2139/ssrn.2903857 fatcat:5a62522i7rf6bk5c7icbhcnk6i

Blockchain for 5G and Beyond Networks: A State of the Art Survey [article]

Dinh C Nguyen, Pubudu N Pathirana, Ming Ding, Aruna Seneviratne
2019 arXiv   pre-print
In this paper, we provide a state-of-art survey on the integration of blockchain with 5G networks and beyond.  ...  Driven by the dramatically increased capacities of the 5G networks and the recent breakthroughs in the blockchain technology, blockchain-based 5G services are expected to witness a rapid development and  ...  For security of energy transactions, another work in [269] also builds a fully decentralised blockchain-based peer-to-peer trading scheme.  ... 
arXiv:1912.05062v1 fatcat:ecitoeu5ijh6flblgm74fpvmz4

SoK: Blockchain Governance [article]

Aggelos Kiayias, Philip Lazos
2022 arXiv   pre-print
Our work lays out a foundation for assessing blockchain governance processes.  ...  This makes the topic of blockchain governance a fertile domain for a thorough systematization that we undertake in this work.  ...  Additionally, we thank Roman Oliynykov for providing many details and insights regarding the evaluation of Project Catalyst.  ... 
arXiv:2201.07188v2 fatcat:64il2iaterbmbozudw56guph7y

Peer-to-Peer Law, Built on Bitcoin

Michael Abramowicz
2015 Social Science Research Network  
A modest starting point for cryptocurrency-based governance would be as a replacement for Bitcoin's centralized system for changing its source code.  ...  A cryptocurrency can also be used to generate rules or other written codes. Peer-to-peer law might be useful when official decisionmakers are corrupt or when agency or transactions costs are high.  ...  the basis of a more general Bitcoin-based framework for normative decisionmaking.  ... 
doi:10.2139/ssrn.2573788 fatcat:lbua56bpqvh23jrgdngohdgzn4

The Case of Diem: A Distributed Ledger Technology-based Alternative Financial Infrastructure Built by a Centralised Multisided Platform

Golnaz Abdollahi Jafari, Malte-Christian Gruber
2021 Zenodo  
The paper further elaborates and puts data protection and privacy of end users under scrutiny, outlining the need for a self-sovereign identity (SSI) management system in order to address the risks associated  ...  In pursuing its declared mission "to enable a simple global currency and financial infrastructure with a safe, secure and compliant payment system that empowers billions of people," Diem encounters apparent  ...  Gruber Piercing the Digital Veil: A Case Study for a DAO Legal Framework under Swiss Law by Benedikt Schuppli and Golnaz A.  ... 
doi:10.5281/zenodo.5833740 fatcat:dvg4xmuu2rc3lbeu5cwihhtniq


Samuel Elliott
The article also provides a broader socio-regulatory analysis of Bitcoin in an attempt to better understand the benefits of competitive self-regulation for platform users.  ...  Through an examination of the parallels with Ogus' model for self-regulation, it is demonstrated that several unique features inherent to cryptocurrencies offer the benefits of regulatory oversight without  ...  within the legal framework for a private currency within Federal law.  ... 
doi:10.21953/lse.ui7ele4njt8b fatcat:ox5quwajhbczja4iyv2fkbjhtu

Digital Currency and Economic Crises: Helping States Respond [article]

Geoffrey Goodell, Hazem Danny Al-Nakib, Paolo Tasca
2020 arXiv   pre-print
Our proposed architecture allows both manifestations and would be operated by banks and other money services businesses, operating within a framework overseen by government regulators.  ...  The current crisis, at the time of writing, has had a profound impact on the financial world, introducing the need for creative approaches to revitalising the economy at the micro level as well as the  ...  of the Centre 27 for Blockchain Technologies at University College London.  ... 
arXiv:2006.03023v3 fatcat:cq25ysbacvblvhwyyyep56d3ee
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