Federated Blockchain Systems: A better trade-off between sustainability and decentralization?

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dc.contributor.authorFlorian, Martin
dc.date.accessioned2023-08-29T13:47:45Z
dc.date.available2023-08-29T13:47:45Z
dc.date.issued2022
dc.description.abstractBlockchain-based systems are enjoying unbroken popularity. Different economic and social actors are investigating their application for fostering decentralization and separation of power. Whether a blockchain-based system can live up to such goals is heavily determined by the choice of a consensus protocol – the rules by which participants agree on what gets added to the blockchain. Bitcoin’s consensus protocol is inherently decentralization-enabling, at a notoriously high ecological cost. So-called permissioned protocols, while incomparably more efficient, are dismissed as being closed-off and "centralized". Federated blockchain systems represent a middle ground between these two extremes and promise to offer openness and security without sacrificing ecological sustainability. As a rough approximation, their approach can be described as bootstrapping consensus from a web of trust. In this overview article, after a short review of the Bitcoin approach and possible alternatives to it, we introduce the ideas behind federated blockchain systems and discuss their impact on future blockchain systems.en
dc.description.sponsorshipThis work has been funded by the Federal Ministry of Education and Research of Germany (BMBF) (grant no.: 16DII111, 16DII112, 16DII113, 16DII114, 16DII115, 16DII116, 16DII117 – „Deutsches Internet-Institut“)
dc.identifier.citationFlorian, M. (2022). Federated Blockchain Systems: A better trade-off between sustainability and decentralization? (Weizenbaum Series 26). https://doi.org/10.34669/WI.WS/26
dc.identifier.doi10.34669/WI.WS/26
dc.identifier.eissn2748-5587
dc.identifier.urihttps://www.weizenbaum-library.de/handle/id/133
dc.identifier.zdb3064032-5
dc.language.isoeng
dc.publisherWeizenbaum Institute
dc.relation.ispartofseriesWeizenbaum Series
dc.rightsopen access
dc.rights.urihttps://creativecommons.org/licenses/by/4.0/
dc.subjectTechnology (Applied sciences)en
dc.subjectTechnology Assessmenten
dc.subjectTechnik, Technologiede
dc.subjectBlockchainde
dc.subjectBitcoinde
dc.subjectTechnikfolgenabschätzungde
dc.subject.ddc600 Technik
dc.titleFederated Blockchain Systems: A better trade-off between sustainability and decentralization?
dc.typeWorkingPaper
dc.type.statuspublishedVersion
dcmi.typeText
dcterms.bibliographicCitation.originalpublisherplaceBerlin
dcterms.bibliographicCitation.volume26
local.researchgroupVertrauen in verteilten Umgebungen
local.researchtopicVerantwortung – Vertrauen – Governance
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