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Article

Beyond Bitcoin: A Critical Look at Blockchain-Based Systems

by
Diego Romano
and
Giovanni Schmid
*
Istituto di Calcolo e Reti ad Alte Prestazioni, I 80131 Naples, Italy
*
Author to whom correspondence should be addressed.
Cryptography 2017, 1(2), 15; https://doi.org/10.3390/cryptography1020015
Submission received: 7 July 2017 / Revised: 14 August 2017 / Accepted: 16 August 2017 / Published: 1 September 2017
(This article belongs to the Special Issue Cryptographic Protocols)
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Abstract

After more than eight years since the launch of Bitcoin, the decentralized transaction ledger functionality implemented through the blockchain technology is being used not only for cryptocurrencies, but to register, confirm and transfer any kind of contract and property. In this work, we analyze the most relevant functionalities and known issues of this technology, with the intent of pointing out the possible behaviours that are not as efficient and reliable as they should be when thinking with a broader outlook.
Keywords: cryptocurrency; blockchain technology; smart contract cryptocurrency; blockchain technology; smart contract

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MDPI and ACS Style

Romano, D.; Schmid, G. Beyond Bitcoin: A Critical Look at Blockchain-Based Systems. Cryptography 2017, 1, 15. https://doi.org/10.3390/cryptography1020015

AMA Style

Romano D, Schmid G. Beyond Bitcoin: A Critical Look at Blockchain-Based Systems. Cryptography. 2017; 1(2):15. https://doi.org/10.3390/cryptography1020015

Chicago/Turabian Style

Romano, Diego, and Giovanni Schmid. 2017. "Beyond Bitcoin: A Critical Look at Blockchain-Based Systems" Cryptography 1, no. 2: 15. https://doi.org/10.3390/cryptography1020015

APA Style

Romano, D., & Schmid, G. (2017). Beyond Bitcoin: A Critical Look at Blockchain-Based Systems. Cryptography, 1(2), 15. https://doi.org/10.3390/cryptography1020015

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