A review of crypto networks

Abstract

Bitcoin is a crypto currency system that has been rapidly adopted due to its anonymity and decentralized properties. Blockchain is the underpinning technology that maintains the Bitcoin transaction ledger. The blockchain network operates in a state of consensus, which automatically checks in with itself periodically. One of biggest innovation by Bitcoin system is that it is a new way to develop open networks. Anything that happens on the blockchain is a function of the network as a whole. Crypto networks represent a fundamental shift in the way our society transacts, organizes, and works with each other, which could be explained and deciphered by econophysics of the network itself. From a networking perspective, we reviewed a list of current literatures that studied the crypto networks, mostly Bitcoin transaction networks. We identified the potential research areas that would further provide insights into the design of a more resilient and secure crypto networks.

Blockchain for healthcare records: A data perspective

“…The blockchain network as a decentralized system is more resilient in that there is no single-point attack or failure compare to centralized systems [6]. However, since all the bitcoin transactions are public and everybody has access, there already exist analytics tools that identify the participants in the network based on the transaction history [7].…”