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.
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Barber, S., Boyen, X., Shi, E., Uzun, E. (2012). Bitter to Better — How to Make Bitcoin a Better Currency. In: Keromytis, A.D. (eds) Financial Cryptography and Data Security. FC 2012. Lecture Notes in Computer Science, vol 7397. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-32946-3_29
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DOI: https://doi.org/10.1007/978-3-642-32946-3_29
Publisher Name: Springer, Berlin, Heidelberg
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