The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
Bitcoin: A Peer-to-Peer Electronic Cash System
Open accessAbstract
A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without the burdens of going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as honest nodes control the most CPU power on the network, they can generate the longest chain and outpace any attackers. The network itself requires minimal structure. Messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone.
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Cites
Protocols for Public Key Cryptosystems
Merkle, R. C. (1980) · 1980 IEEE Symposium on Security and Privacy · doi:10.1109/sp.1980.10006 · Cited by 1,418
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Christidis, K., & Devetsikiotis, M. (2016) · IEEE Access · doi:10.1109/access.2016.2566339 · Cited by 4,552
An Overview of Blockchain Technology: Architecture, Consensus, and Future Trends
Zheng, Z., Xie, S., Dai, H., Chen, X., & Wang, H. (2017) · 2017 IEEE International Congress on Big Data (BigData Congress) · doi:10.1109/bigdatacongress.2017.85 · Cited by 4,515
MedRec: Using Blockchain for Medical Data Access and Permission Management
Azaria, A., Ekblaw, A., Vieira, T., & Lippman, A. (2016) · 2016 2nd International Conference on Open and Big Data (OBD) · doi:10.1109/obd.2016.11 · Cited by 2,526
Where Is Current Research on Blockchain Technology?—A Systematic Review
Yli-Huumo, J., Ko, D., Choi, S., Park, S., & Smolander, K. (2016) · PLOS ONE · doi:10.1371/journal.pone.0163477 · Cited by 2,317
Hawk: The Blockchain Model of Cryptography and Privacy-Preserving Smart Contracts
Kosba, A., Miller, A., Shi, E., Wen, Z., & Papamanthou, C. (2016) · 2016 IEEE Symposium on Security and Privacy (SP) · doi:10.1109/sp.2016.55 · Cited by 2,227
Metadata
- Authors
- Wright, C. S.
- Venue
- SSRN Electronic Journal
- Publisher
- Elsevier BV
- Published
- 2008
- ISSN
- 1556-5068 (ISSN-L)
- OpenAlex
- W4248175462
- Cited by
- 13,922
- References
- 1
- Type
- posted content
- Language
- en
- Open access
- green
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