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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.
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Nakamoto, Satoshi. Bitcoin: A peer-to-peer electronic cash system. 2008. https:bitcoin.org/bitcoin.pdf.
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.
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.
- Seeing the Limitations
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- Step 22