Ethereum : navigating the Blockchain's sustainability versus profit dilemma / Ernesto Dal Bó, Guo Xu.

Format:

Book

Author/Creator:

Dal Bó, Ernesto, author.

Xu, Guo, active 2020, author.

Series:

SAGE Business. Cases.

SAGE Business Cases

Language:

English

Subjects (All):

Blockchains (Databases)--Case studies.

Blockchains (Databases).

Cryptocurrencies--Case studies.

Cryptocurrencies.

Physical Description:

1 online resource : illustrations.

Place of Publication:

London : The Berkeley-Haas Case Series. University of California, Berkeley. Haas School of Business, 2020.

Summary:

The popularity of Blockchain - and its application to cryptocurrencies in particular - has soared in recent years. Blockchain platforms are completely decentralized, relying on networks of participants to securely validate transactions without a central authority. Existing cryptocurrencies use a validation process called Proof of Work (PoW), a form of cryptography that requires a network of "miners" to commit their own computing power by solving complex cryptographic puzzles. Miners who create and publish new blocks are rewarded. But there is now a growing concern that the amount of electricity required to run PoW networks has become unsustainable: the Bitcoin network, for instance, requires the same amount of electricity as a small country. Vitalik Buterin, the co-founder of Ethereum, has proposed a new validation model called Proof-of-Stake (PoS). This case explores the challenges associated with incentivizing participants to transition in a more sustainable, but unproven new model.

Notes:

Originally Published InBo, E. & Xu, G. (2020). Ethereum: Navigating the Blockchain's Sustainability Versus Profit Dilemma. The Berkeley-Haas Case Series. University of California, Berkeley. Haas School of Business.

Description based on XML content.

ISBN:

1-5297-8963-X

9781529789638

OCLC:

1277087290