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Cryptocurrency Networks: A New P2P Paradigm

Delgado-Segura, S; Perez-Sola, C; Herrera-Joancomarti, J; Navarro-Arribas, G; Borrell, J; (2018) Cryptocurrency Networks: A New P2P Paradigm. [Review]. Mobile Information Systems , 2018 , Article 2159082. 10.1155/2018/2159082. Green open access

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Abstract

P2P networks are the mechanism used by cryptocurrencies to disseminate system information while keeping the whole system as much decentralized as possible. Cryptocurrency P2P networks have new characteristics that propose new challenges and avoid some problems of existing P2P networks. By characterizing the most relevant cryptocurrency network, Bitcoin, we provide details on different properties of cryptocurrency networks and their similarities and differences with standard P2P network paradigms. Our study allows us to conclude that cryptocurrency networks present a new paradigm of P2P networks due to the mechanisms they use to achieve high resilience and security. With this new paradigm, interesting research lines can be further developed, both in the focused field of P2P cryptocurrency networks and also when such networks are combined with other distributed scenarios.

Type: Article
Title: Cryptocurrency Networks: A New P2P Paradigm
Open access status: An open access version is available from UCL Discovery
DOI: 10.1155/2018/2159082
Publisher version: https://doi.org/10.1155/2018/2159082
Language: English
Additional information: This is an open access article distributed under the Creative Commons Attribution License(http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
UCL classification: UCL
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science
URI: https://discovery.ucl.ac.uk/id/eprint/10059524
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