· 2013
Ethereum: A Secure Decentralised Generalised Transaction Ledger
- 5,313citations
- 2013year
Short summary
Ethereum generalizes the blockchain paradigm by introducing a plurality of decentralized compute resources, each with distinct state and operating code, capable of interacting via a message-passing framework.
AI-generated from the title and abstract; the full text is not read.
Key points
- Generalizes the blockchain paradigm for decentralized computing.
- Introduces multiple, interacting compute resources with distinct states and code.
- Utilizes a message-passing framework for inter-resource communication.
AI-generated from the title and abstract; the full text is not read.
Abstract
The blockchain paradigm when coupled with cryptographically-secured transactions has demonstrated its utility through a number of projects, not least Bitcoin. Each such project can be seen as a simple application on a decentralised, but singleton, compute resource. We can call this paradigm a transactional singleton machine with shared-state. Ethereum implements this paradigm in a generalised manner. Furthermore it provides a plurality of such resources, each with a distinct state and operating code but able to interact through a message-passing framework with others. We discuss its design, implementation issues, the opportunities it provides and the future hurdles we envisage.
The authors' abstract, as published at the source., 2013 · DOI ↗
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Field: Information Systems
Information SystemsComputer Science