EAN: 9783031012242

SYNTHESIS LECTURES ON INFORMATION SECURITY PRIV...

The new field of cryptographic currencies and consensus ledgers  commonly referred to as
blockchains  is receiving increasing interest from various different communities. These
communities are very diverse and amongst others include: technical enthusiasts  activist groups
researchers from various disciplines  start ups  large enterprises  public authorities  banks 
financial regulators  business men  investors  and also criminals. The scientific community
adapted relatively slowly to this emerging and fast-moving field of cryptographic currencies
and consensus ledgers. This was one reason that  for quite a while  the only resources
available have been the Bitcoin source code  blog and forum posts  mailing lists  and other
online publications. Also the original Bitcoin paper which initiated the hype was published
online without any prior peer review. Following the original publication spirit of the Bitcoin
paper  a lot of innovation in this field has repeatedly come from the community itself in the
form of online publications and online conversations instead of established peer-reviewed
scientific publishing. On the one side  this spirit of fast free software development  combined
with the business aspects of cryptographic currencies  as well as the interests of today's
time-to-market focused industry  produced a flood of publications  whitepapers  and prototypes.
On the other side  this has led to deficits in systematization and a gap between practice and
the theoretical understanding of this new field. This book aims to further close this gap and
presents a well-structured overview of this broad field from a technical viewpoint. The
archetype for modern cryptographic currencies and consensus ledgers is Bitcoin and its
underlying Nakamoto consensus. Therefore we describe the inner workings of this protocol in
great detail and discuss its relations to other derived systems.

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