The DOI matches its Crossref record.
Is Bitcoin a Decentralized Currency?
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.
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Citations
Cited by
Bitcoin and beyond: a technical survey on decentralized digital currencies
Tschorsch, F., & Scheuermann, B. (2016) · IEEE Communications Surveys & Tutorials · doi:10.1109/comst.2016.2535718 · Cited by 1,690
OmniLedger: A Secure, Scale-Out, Decentralized Ledger via Sharding
Kokoris-Kogias, E., Jovanovic, P., Gasser, L., Gailly, N., Syta, E., & Ford, B. (2018) · 2018 IEEE Symposium on Security and Privacy (SP) · doi:10.1109/sp.2018.000-5 · Cited by 1,253
SoK: Research Perspectives and Challenges for Bitcoin and Cryptocurrencies
Bonneau, J., Miller, A., Clark, J., Narayanan, A., Kroll, J. A., & Felten, E. W. (2015) · 2015 IEEE Symposium on Security and Privacy · doi:10.1109/sp.2015.14 · Cited by 1,246
A Survey on Security and Privacy Issues of Bitcoin
Conti, M., Sandeep Kumar, E., Lal, C., & Ruj, S. (2018) · IEEE Communications Surveys & Tutorials · doi:10.1109/comst.2018.2842460 · Cited by 1,116
“Many of the results suggest that scalability remains an open problem [59] and it is hard to keep the fully decentralized network in future [60], [61].”
BackgroundA survey of blockchain from the perspectives of applications, challenges, and opportunities
Monrat, A. A., Schelen, O., & Andersson, K. (2019) · IEEE Access · doi:10.1109/access.2019.2936094 · Cited by 1,077
Metadata
- Authors
- Gervais, A., Karame, G. O., Capkun, V., & Capkun, S.
- Venue
- IEEE Security & Privacy
- Published
- 2014-05
- Volume
- 12
- Issue
- 3
- Pages
- 54-60
- ISSN
- 1540-7993 (ISSN-L)
- 1558-4046
- OpenAlex
- W2077779737
- Cited by
- 325
- References
- 0
- FWCI
- 52.70
- Type
- journal article
- Language
- en
- Open access
- closed
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- CoChat. (2026). Citation check: Is Bitcoin a Decentralized Currency? https://app.cochat.ai/papers/10.1109/msp.2014.49
- The paper
- Gervais, A., Karame, G. O., Capkun, V., & Capkun, S. (2014). Is Bitcoin a Decentralized Currency? IEEE Security & Privacy. https://doi.org/10.1109/msp.2014.49
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
