taler/exchange
1
0
Fork 0
Code Issues Pull Requests Projects Releases Wiki Activity

consistent spelling of blockchain, focus on key points

Browse Source
This commit is contained in:
Christian Grothoff 2016-10-27 15:11:14 +02:00
parent ac886a6e46
commit 4882359d28
No known key found for this signature in database
GPG Key ID: 939E6BE1E29FC3CC
1 changed files with 4 additions and 3 deletions
Show Stats Download Patch File Download Diff File Expand all files Collapse all files

7
doc/paper/taler.tex
View File

@ -188,13 +188,14 @@ transactions are recorded for eternity, which can enable
identification of users. In theory, this concern has been addressed identification of users. In theory, this concern has been addressed
with the Zerocoin extension to the protocol~\cite{miers2013zerocoin}. with the Zerocoin extension to the protocol~\cite{miers2013zerocoin}.
These protocols dispense with the need for a central, trusted The key contribution of blockchain-based protocols is that
authority, while providing a useful measure of pseudonymity. they dispense with the need for a central, trusted
authority.
Yet, there are several major irredeemable problems inherent in their designs: Yet, there are several major irredeemable problems inherent in their designs:
\begin{itemize} \begin{itemize}
\item The computational puzzles solved by Bitcoin nodes with the purpose \item The computational puzzles solved by Bitcoin nodes with the purpose
of securing the block chain consume a considerable amount of energy. of securing the blockchain consume a considerable amount of energy.
So Bitcoin is an environmentally irresponsible design. So Bitcoin is an environmentally irresponsible design.
\item Bitcoin transactions have pseduononymous recipients, making taxation \item Bitcoin transactions have pseduononymous recipients, making taxation
hard to systematically enforce. hard to systematically enforce.