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Bitter to better – how to make bitcoin a better currency

By Simon Barber, Xavier Boyen, Elaine Shi and Ersin Uzun

Abstract

Abstract. Bitcoin is a distributed digital currency which has attracted a substantial number of users. We perform an in-depth investigation to understand what made Bitcoin so successful, while decades of research on cryptographic e-cash has not lead to a large-scale deployment. We ask also how Bitcoin could become a good candidate for a long-lived stable currency. In doing so, we identify several issues and attacks of Bitcoin, and propose suitable techniques to address them.

Year: 2014
OAI identifier: oai:CiteSeerX.psu:10.1.1.412.6987
Provided by: CiteSeerX
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