On the Costs of Bitcoin Connectivity
نویسنده
چکیده
David Chaum proposed the idea of digital cash over three decades ago [6], back in 1982. It used novel cryptographic constructs to imbue electronic transactions with the anonymity of physical cash, to ensure that digital cash could only be created by banks [7], and to prevent individuals from spending the same digital cash more than once [8]. Over the years, thousands of academic papers have been written on the topic, and hundreds of startups have been created to translate the ideas into practice [13].
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