Federated Blockchain Systems: A better trade-off between sustainability and decentralization?
Abstract: Blockchain-based systems are enjoying unbroken popularity. Different economic and social actors are investigating their application for fostering decentralization and separation of power. Whether a blockchain-based system can live up to such goals is heavily determined by the choice of a consensus protocol - the rules by which participants agree on what gets added to the blockchain. Bitcoin’s consensus protocol is inherently decentralization-enabling, at a notoriously high ecological cost. So-called permissioned protocols, while incomparably more efficient, are dismissed as being closed-off and "centralized". Federated blockchain systems represent a middle ground between these two extremes and promise to offer openness and security without sacrificing ecological sustainability. As a rough approximation, their approach can be described as bootstrapping consensus from a web of trust. In this overview article, after a short review of the Bitcoin approach and possible alternatives to i
- Standort
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Deutsche Nationalbibliothek Frankfurt am Main
- Umfang
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Online-Ressource, 12 S.
- Sprache
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Englisch
- Anmerkungen
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Erstveröffentlichung
begutachtet
- Erschienen in
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Weizenbaum Series ; Bd. 26
- Ereignis
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Veröffentlichung
- (wo)
-
Mannheim
- (wer)
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SSOAR, GESIS – Leibniz-Institut für Sozialwissenschaften e.V.
- (wann)
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2022
- Ereignis
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Veröffentlichung
- (wo)
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Berlin
- (wer)
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Weizenbaum Institute for the Networked Society - The German Internet Institute
- (wann)
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2022
- Urheber
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Florian, Martin
- Beteiligte Personen und Organisationen
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Weizenbaum Institute for the Networked Society - The German Internet Institute
- DOI
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10.34669/WI.WS/26
- URN
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urn:nbn:de:101:1-2023052314551224408676
- Rechteinformation
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Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.
- Letzte Aktualisierung
-
25.03.2025, 13:48 MEZ
Datenpartner
Deutsche Nationalbibliothek. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Beteiligte
- Florian, Martin
- Weizenbaum Institute for the Networked Society - The German Internet Institute
- SSOAR, GESIS – Leibniz-Institut für Sozialwissenschaften e.V.
Entstanden
- 2022
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