Skip to main content

Seeing the Limitations

Even a perfect machine has limitations

  • Chapter
  • First Online:
Blockchain Basics
  • 15k Accesses

Abstract

This step highlights and explains major limitations of the blockchain and why these limitations cause significant hurdles for its commercial use. This step also sketches how the limitations of the blockchain can be overcome.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Institutional subscriptions

Notes

  1. 1.

    Nakamoto, Satoshi. Bitcoin: A peer-to-peer electronic cash system. 2008. https:bitcoin.org/bitcoin.pdf.

  2. 2.

    Taylor, Michael Bedford. Bitcoin and the age of bespoke silicon. In Proceedings of the 2013 International Conference on Compilers, Architectures and Synthesis for Embedded Systems. Montreal: IEEE Press, 2013.

  3. 3.

    Kroll, Joshua A., Ian C. Davey, and Edward W. Felten. The economics of Bitcoin mining, or Bitcoin in the presence of adversaries. Proceedings of WEIS. 2013.

Author information

Authors and Affiliations

Authors

Rights and permissions

Reprints and permissions

Copyright information

© 2017 Daniel Drescher

About this chapter

Cite this chapter

Drescher, D. (2017). Seeing the Limitations. In: Blockchain Basics. Apress, Berkeley, CA. https://doi.org/10.1007/978-1-4842-2604-9_22

Download citation

Publish with us

Policies and ethics