The decentralized digital currency Bitcoin presents an anonymous alternative to the centralized banking system and indeed enjoys widespread and increasing adoption. Recent works, however, show how users can be reidentified and their payments linked based on Bitcoin’s most central element, the blockchain, a public ledger of all transactions. Thus, many regard Bitcoin’s central promise of financi...

Cryptocurrency burst onto the scene in 2009 with Bitcoin. A person can buy almost anything cryptocurrency. However, thousands of cryptocurrencies are highly volatile. The majority cryptocurrency owners younger, educated males. relies on blockchain technology. To add new blocks to blockchain, they must be mined. Non-fungible tokens represent ownership an exclusive digital asset (e.g., a painting...

As cryptocurrencies gain popularity and credibility, marketplaces for cryptocurrencies are growing in importance. Understanding the dynamics of these markets can help to assess how viable the cryptocurrnency ecosystem is and how design choices affect market behavior. One existential threat to cryptocurrencies is dramatic fluctuations in traders’ willingness to buy or sell. Using a novel experim...

This paper is devoted to the study of transaction fees in massively replicated open blockchain systems. In such systems, like Bitcoin, a snapshot of current state required for the validation of transactions is being held in the memory, which eventually becomes a scarce resource. Uncontrolled state growth can lead to security issues. We propose a modification of a transaction fee scheme based on...

The goal of this research paper is to summarise the literature on implementation of the Blockchain and similar digital ledger techniques in various other domains beyond its application to crypto-currency and to draw appropriate conclusions. Blockchain being relatively a new technology, a representative sample of research is presented, spanning over the last ten years, starting from the early wo...