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SoK: Blockchain Decentralization. (arXiv:2205.04256v2 [econ.GN] UPDATED)
Sept. 27, 2022, 1:20 a.m. | Luyao Zhang, Xinshi Ma, Yulin Liu
cs.CR updates on arXiv.org arxiv.org
Blockchain empowers a decentralized economy by enabling distributed trust in
a peer-to-peer network. However, surprisingly, a widely accepted definition or
measurement of decentralization is still lacking. We explore a systematization
of knowledge (SoK) on blockchain decentralization by comprehensively analyzing
existing studies in various aspects. First, we establish a taxonomy for
analyzing blockchain decentralization in the five facets of consensus, network,
governance, wealth, and transaction. We find a lack of research on the
transaction aspects that closely characterize user behavior. Second, …
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