Decentralizing Information Technology: The Advent of Resource Based Systems [article]

Aggelos Kiayias
2021 arXiv   pre-print
The growth of the Bitcoin network during the first decade of its operation to a global scale system is a singular event in the deployment of Information Technology systems. Can this approach serve as a wider paradigm for Information Technology services beyond the use case of digital currencies? We investigate this question by introducing the concept of resource based systems and their four fundamental characteristics: (i) resource-based operation, (ii) tokenomics, (iii) decentralized service
more » ... vision, and (iv) rewards sharing. We explore these characteristics, identify design goals and challenges and investigate some crucial game theoretic aspects of reward sharing that can be decisive for their effective operation.
arXiv:2112.09941v2 fatcat:daiiimnipfe2lhjhbwcvc2rocm