SoK: A Stratified Approach to Blockchain Decentralization

arXiv:2211.01291v3 Announce Type: replace
Abstract: Decentralization has been touted as the principal security advantage which propelled blockchain systems at the forefront of developments in the financial technology space. Its exact semantics nevertheless remain highly contested and ambiguous, with proponents and critics disagreeing widely on the level of decentralization offered by existing systems. To address this, we put forth a systematization of the current landscape with respect to decentralization and we derive a methodology that can help direct future research towards …

arxiv blockchain cs.cr decentralization financial financial technology security semantics space systems technology