The Blockchain Quadrilemma: When Also Computational Effectiveness Matters

Mogavero, Francesco; Visconti, Ivan; Vitaletti, Andrea; Zecchini, Marco

doi:10.1109/iscc53001.2021.9631511

Cited by 11 publications

(2 citation statements)

References 6 publications

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“…Some blockchains (e.g., Sol) clearly go for speed, but are more centralised; others are less centralised, but often more secure. One study suggested a solution called 'The Blockchain Quadrilemma', but also recognised that for basic Blockchain operations 'Algorand can often be the right choice', but Ethereum is recommended for 'more sophisticated computations' [17]. Another research study recommended 'a dichotomy of algorithms between leader-based and voting-based consensus algorithms' based on 'tradeoffs … for a given distributed system' [18] It is worth mentioning that some experts recommend a 'incentive-based role in the governance of DeFi as opposed to an enforcement-oriented role', because we need to build new tools that enable new 'policy options in a transnational environment hostile to formal state intervention' [19].…”

Section: The Buterin's Trilemmamentioning

confidence: 99%

The Metaverse: Economic and Social Values and Risks of New Cryptocurrencies and Blockchain Technologies

Radanliev¹

2023

Preprint

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The aim of the article is to present a snapshot in time, of the current state in cryptocurrencies, the values and risks associated to blockchains. With emergence of over 20,000 crypto projects, the first objective of this article is to present the stage as it is in 2023, with historical overview since Satoshi presented the first paper on decentralised blockchains, until today. Second objective of the article is to review the values and risks associated to cryptocurrencies, and to clarify the differences between cryptocurrencies from blockchain technologies. The research questions that drive this article are related determining if the blockchain technology an innovation or its already obsolete technology? Are there any significant risks from cryptocurrencies? And are the potential values to society and economy worth pursuing? Would developed or developing countries benefit more from these technologies? And which blockchain projects will survive in the long run? In other words, where is the money and is there money or just hype. The review discusses the high probability that some crypto projects will fail, and given the vast number of cryptos, the article acknowledges that many of these projects are nothing more than ponzies. These are discussed and acknowledged, then the focus is shifted to the real-world use cases of blockchain projects.

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Section: The Buterin's Trilemmamentioning

confidence: 99%

The Metaverse: Economic and Social Values and Risks of New Cryptocurrencies and Blockchain Technologies

Radanliev¹

2023

Preprint

View full text Add to dashboard Cite

show abstract

“…Some blockchains (e.g., Sol) go for speed but are more centralised; others are less centralised but often more secure. One study suggested a solution called 'The Blockchain Quadrilemma' but also recognised that for basic Blockchain operations ', Algorand can often be the right choice', but Ethereum is recommended for 'more sophisticated computations' (Mogavero et al 2021). Another research study recommended 'a dichotomy of algorithms between leader-based and voting-based consensus algorithms' based on 'tradeoffs … for a given distributed system' (Altarawneh et al 2020) It is worth mentioning that some experts recommend an 'incentive-based role in the governance of DeFi as opposed to an enforcement-oriented role' because we need to build new tools that enable new 'policy options in a transnational environment hostile to formal state intervention' (Wang 2022).…”

Section: The Buterin's Trilemmamentioning

confidence: 99%