Febrero, P and Pereira, J orcid.org/0000-0001-9268-9842 (2022) Cryptocurrency Constellations across the Three-Dimensional Space: Governance Decentralization, Security, and Scalability. IEEE Transactions on Engineering Management, 69 (6). pp. 3127-3138. ISSN 0018-9391
Abstract
In the post-Bitcoin era, many cryptocurrencies with a variety of goals and purposes have emerged in the digital arena. This article aims to map cryptocurrency protocols across three main defining dimensions, which are governance decentralization, security, and scalability. We theorize about the organizational and technological features that impact these three dimensions. Such features encompass roles permissiveness, validation network size, resource expenditure, and number of transactions per second. We map the different cryptocurrency constellations based on their consensus mechanisms, discussing the organizational and technological features of the various protocols applications and how they experience and play with the tradeoffs among governance decentralization, security, and scalability.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2020, IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works. |
Keywords: | Blockchain technology, cryptocurrency protocols, decentralized governance, scalability, security |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > Management Division (LUBS) (Leeds) > Management Division Strategy and Organisation (LUBS) |
Depositing User: | Symplectic Publications |
Date Deposited: | 08 Oct 2020 13:54 |
Last Modified: | 09 Dec 2022 07:36 |
Status: | Published |
Publisher: | IEEE |
Identification Number: | 10.1109/TEM.2020.3030105 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:166443 |