Ethereum: a Secure Decentralised Generalised Transaction Ledger

  title={Ethereum: a Secure Decentralised Generalised Transaction Ledger},
  author={D. Wood},
The blockchain paradigm when coupled with cryptographically-secured transactions has demonstrated its utility through a number of projects, with Bitcoin being one of the most notable ones. Each such project can be seen as a simple application on a decentralised, but singleton, compute resource. We can call this paradigm a transactional singleton machine with shared-state. Ethereum implements this paradigm in a generalised manner. Furthermore it provides a plurality of such resources, each with… CONTINUE READING
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