DQ: Two approaches to measure the degree of decentralization of blockchain
Blockchain technology innovatively removes the need for intermediaries and establishes a trust-less trust system by peer-to-peer networks and distributed ledger technology. It is still difficult to clarify the specific degree of decentralization of blockchain even though the decentralized characteri...
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doaj-5d632fd8dc2449b88ad40d6cadc659cb2021-09-25T05:09:21ZengElsevierICT Express2405-95952021-09-0173278282DQ: Two approaches to measure the degree of decentralization of blockchainJaeseung Lee0Byungheon Lee1Jaeyoung Jung2Hojun Shim3Hwangnam Kim4School of Electrical Engineering, Korea University, Seoul 02841, Republic of KoreaDepartment of Electrical and Computer Engineering, Seoul National University, Seoul 08826, Republic of KoreaDepartment of Agricultural Economics and Rural Development, Seoul National University, Seoul 08826, Republic of KoreaDepartment of New Business Development, Hanwha Life, Seoul 07345, Republic of KoreaSchool of Electrical Engineering, Korea University, Seoul 02841, Republic of Korea; Corresponding author.Blockchain technology innovatively removes the need for intermediaries and establishes a trust-less trust system by peer-to-peer networks and distributed ledger technology. It is still difficult to clarify the specific degree of decentralization of blockchain even though the decentralized characteristic of the system is derived from this system structure. Namely, the criteria for determining whether decentralized are not well established and do not reflect the real world well. So we propose two approaches to measure the degree of decentralization of blockchain system that currently exists: Censorship resistance and geographical diversity. This paper outlines the meaning of each decentralization quotient and explains how those indices can be applied in respect of the user protection.http://www.sciencedirect.com/science/article/pii/S2405959521000977BlockchainDecentralization quotientDistributed networkPrivacy |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Jaeseung Lee Byungheon Lee Jaeyoung Jung Hojun Shim Hwangnam Kim |
spellingShingle |
Jaeseung Lee Byungheon Lee Jaeyoung Jung Hojun Shim Hwangnam Kim DQ: Two approaches to measure the degree of decentralization of blockchain ICT Express Blockchain Decentralization quotient Distributed network Privacy |
author_facet |
Jaeseung Lee Byungheon Lee Jaeyoung Jung Hojun Shim Hwangnam Kim |
author_sort |
Jaeseung Lee |
title |
DQ: Two approaches to measure the degree of decentralization of blockchain |
title_short |
DQ: Two approaches to measure the degree of decentralization of blockchain |
title_full |
DQ: Two approaches to measure the degree of decentralization of blockchain |
title_fullStr |
DQ: Two approaches to measure the degree of decentralization of blockchain |
title_full_unstemmed |
DQ: Two approaches to measure the degree of decentralization of blockchain |
title_sort |
dq: two approaches to measure the degree of decentralization of blockchain |
publisher |
Elsevier |
series |
ICT Express |
issn |
2405-9595 |
publishDate |
2021-09-01 |
description |
Blockchain technology innovatively removes the need for intermediaries and establishes a trust-less trust system by peer-to-peer networks and distributed ledger technology. It is still difficult to clarify the specific degree of decentralization of blockchain even though the decentralized characteristic of the system is derived from this system structure. Namely, the criteria for determining whether decentralized are not well established and do not reflect the real world well. So we propose two approaches to measure the degree of decentralization of blockchain system that currently exists: Censorship resistance and geographical diversity. This paper outlines the meaning of each decentralization quotient and explains how those indices can be applied in respect of the user protection. |
topic |
Blockchain Decentralization quotient Distributed network Privacy |
url |
http://www.sciencedirect.com/science/article/pii/S2405959521000977 |
work_keys_str_mv |
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1717368975966339072 |