The Ring of Gyges : Using Smart Contracts for Crime

@inproceedings{Juels2015TheRO,
  title={The Ring of Gyges : Using Smart Contracts for Crime},
  author={Ari Juels},
  year={2015}
}
Thanks to their anonymity (pseudonymity) and lack of trusted intermediaries, cryptocurrencies such as Bitcoin have created or stimulated growth in many businesses and communities. Unfortunately, some are criminal, e.g., money laundering, marketplaces for illicit goods, and ransomware. Next-generation cryptocurrencies such as Ethereum will include rich scripting languages in support of smart contracts, programs that autonomously intermediate transactions. We illuminate the extent to which these… CONTINUE READING

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