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Quantum money represents an innovative approach to currency by encoding economic value within the quantum states of physical systems, utilizing the principles of quantum mechanics to enhance security, integrity, and transferability. This…

Quantum Physics · Physics 2025-07-15 Artur Czerwinski

This paper presents a comprehensive survey of the existing blockchain protocols for the Internet of Things (IoT) networks. We start by describing the blockchains and summarizing the existing surveys that deal with blockchain technologies.…

Cryptography and Security · Computer Science 2019-01-11 Mohamed Amine Ferrag , Makhlouf Derdour , Mithun Mukherjee , Abdelouahid Derhab , Leandros Maglaras , Helge Janicke

Blockchain offers an innovative approach to storing information, executing transactions, performing functions, and establishing trust in an open environment. Many consider blockchain as a technology breakthrough for cryptography and…

Cryptography and Security · Computer Science 2019-08-20 Rui Zhang , Rui Xue , Ling Liu

Cryptocurrencies have garnered a lot of attention by governments and internet enthusiasts over the past three years. These currencies are celebrated for their security and speedy transactions in a modern era of digital commerce. Bitcoin was…

Cryptography and Security · Computer Science 2023-02-13 David Watkins

With the more and more extensive application of blockchain, blockchain security has been widely concerned by the society and deeply studied by scholars. Moreover, the security of blockchain data directly affects the security of various…

Cryptography and Security · Computer Science 2020-07-22 Liehuang Zhu , Baokun Zheng , Meng Shen , Shui Yu , Feng Gao , Hongyu Li , Kexin Shi , Keke Gai

Historically, gold and silver have played distinct roles in traditional monetary systems. While gold has primarily been revered as a superior store of value, prompting individuals to hoard it, silver has commonly been used as a medium of…

Computational Engineering, Finance, and Science · Computer Science 2025-08-11 Haoyang Yu , Yutong Sun , Yulin Liu , Luyao Zhang

In this chapter we provide an overview of the concept of blockchain technology and its potential to disrupt the world of banking through facilitating global money remittance, smart contracts, automated banking ledgers and digital assets. In…

Computers and Society · Computer Science 2015-11-19 Gareth William Peters , Efstathios Panayi

Distributed ledger systems have become more prominent and successful in recent years, with a focus on blockchains and cryptocurrency. This has led to various misunderstandings about both the technology itself and its capabilities, as in…

Computation and Language · Computer Science 2023-03-30 Lukas König , Sebastian Neumaier

This article discusses the implementation of programmable money on DLT-based CBDCs. After briefly introducing what programmable money is, we enumerate some initiatives worldwide and discuss the critical steps for implementation. We look at…

Distributed, Parallel, and Cluster Computing · Computer Science 2024-02-21 Arlindo F. da Conceição , Roman Vitenberg

The purpose of this paper is to review the concept of cryptocurrencies in our economy. First, Bitcoin and alternative cryptocurrencies' histories are analyzed. We then study the implementation of Bitcoin in the airline and real estate…

General Economics · Economics 2020-10-06 Merrick Wang

Blockchain is relatively a new area of research. However, a surge of research studies on the blockchain has taken place in recent years. These research studies have mostly focused on designing and developing conceptual frameworks to build…

Software Engineering · Computer Science 2020-04-28 Iyolita Islam , Kazi Md. Munim , Shahrima Jannat Oishwee , A. K. M. Najmul Islam , Muhammad Nazrul Islam

Blockchain technology, a foundational distributed ledger system, enables secure and transparent multi-party transactions. Despite its advantages, blockchain networks are susceptible to anomalies and frauds, posing significant risks to their…

Cryptography and Security · Computer Science 2024-02-20 Joerg Osterrieder , Stephen Chan , Jeffrey Chu , Yuanyuan Zhang , Branka Hadji Misheva , Codruta Mare

We organize existing empirical regularities of cryptocurrencies into seven stylized facts and analyze cryptocurrencies through the lens of empirical asset pricing. We find important similarities with traditional markets--risk-adjusted…

General Finance · Quantitative Finance 2026-03-24 Nicola Borri , Yukun Liu , Aleh Tsyvinski , Xi Wu

In blockchain-based anonymous cryptocurrencies, due to their tamper-resistance and transparency characteristics, transaction data are initially required to be anonymous, with the help of various cryptographic techniques, e.g., commitment…

Cryptography and Security · Computer Science 2024-10-30 Takeshi Miyamae , Kanta Matsuura

In this article, we consider the roles of tokens and distributed ledgers in digital payment systems. We present a brief taxonomy of digital payment systems that use tokens, and we address the different models for how distributed ledger…

Computers and Society · Computer Science 2024-09-24 Geoffrey Goodell

A blockchain is an append-only linked-list of blocks, which is maintained at each participating node. Each block records a set of transactions and their associated metadata. Blockchain transactions act on the identical ledger data stored at…

Databases · Computer Science 2021-08-05 Suyash Gupta , Mohammad Sadoghi

Blockchain, as the backbone technology of the current popular Bitcoin digital currency, has become a promising decentralized data management framework. Although blockchain has been widely adopted in many applications, e.g., finance,…

Distributed, Parallel, and Cluster Computing · Computer Science 2018-04-13 Zehui Xiong , Yang Zhang , Dusit Niyato , Ping Wang , Zhu Han

Blockchain is a distributed database that keeps a chronologically-growing list (chain) of records (blocks) secure from tampering and revision. While computerisation has changed the nature of a ledger from clay tables in the old days to…

General Finance · Quantitative Finance 2016-12-20 Jan Hendrik Witte

We study the fundamental differences that separate: Litecoin; Bitcoin Gold; Bitcoin Cash; Ethereum; and Zcash from Bitcoin, and draw analysis to how these features are appreciated by the market, to ultimately make an inference as to how…

General Finance · Quantitative Finance 2021-01-12 Andrew Spurr , Marcel Ausloos

Blockchain is a distributed ledger, which is protected against malicious modifications by means of cryptographic tools, e.g. digital signatures and hash functions. One of the most prominent applications of blockchains is cryptocurrencies,…

Cryptography and Security · Computer Science 2019-12-20 E. O. Kiktenko , M. A. Kudinov , A. K. Fedorov