Welcome to the resource topic for 2014/330
Title:
Noncentralized Cryptocurrency wtih No Blockchain
Authors: qianxiaochao
Abstract:We give an explicit definition of decentralization and show you that decentralization is almost impossible for the current stage. We propose a new framework of noncentralized cryptocurrency system with an assumption of the existence of a weak adversary for a bank alliance. It abandons the mining process and blockchain, and removes history transactions from data synchronization. We propose a consensus algorithm named “Converged Consensus” for a noncentralized cryptocurrency system.
ePrint: https://eprint.iacr.org/2014/330
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