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SoK: A Stratified Approach to Blockchain Decentralization. (arXiv:2211.01291v1 [cs.CR])
Nov. 3, 2022, 1:20 a.m. | Dimitris Karakostas, Aggelos Kiayias, Christina Ovezik
cs.CR updates on arXiv.org arxiv.org
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. 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 defining and measuring
decentralization. Our approach dissects blockchain …
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