![]() Barbereau, Tom Josua ![]() ![]() ![]() in Proceedings of the Hawaii International Conference on System Sciences 2022 (2022, January) Bitcoin and Ethereum are frequently promoted as decentralized, but developers and academics question their actual decentralization. This motivates further experiments with public permissionless ... [more ▼] Bitcoin and Ethereum are frequently promoted as decentralized, but developers and academics question their actual decentralization. This motivates further experiments with public permissionless blockchains to achieve decentralization along technical, economic, and political lines. The distribution of tokenized voting rights aims for political decentralization. Tokenized voting rights achieved notoriety within the nascent field of decentralized finance (DeFi) in 2020. As an alternative to centralized crypto-asset exchanges and lending platforms (owned by companies like Coinbase and Celsius), DeFi developers typically create non-custodial projects that are not majority-owned or managed by legal entities. Holders of tokenized voting rights can instead govern DeFi projects. To scrutinize DeFi’s distributed governance strategies, we conducted a multiple-case study of non-custodial, Ethereum-based DeFi projects: Uniswap, Maker, SushiSwap, Yearn Finance, and UMA. Our findings are novel and surprising: quantitative evaluations of DeFi’s distributed governance strategies reveal a failure to achieve political decentralization. [less ▲] Detailed reference viewed: 751 (48 UL)![]() Papageorgiou, Orestis ![]() ![]() Report (2021) The purpose of this thematic report is to present an updated view of the aspects related to the energy efficiency of blockchain technologies. The topic of energy consumption of blockchains and especially ... [more ▼] The purpose of this thematic report is to present an updated view of the aspects related to the energy efficiency of blockchain technologies. The topic of energy consumption of blockchains and especially of the Bitcoin blockchain has recently triggered a lot of discussions and a debate has started on the topic of making Bitcoin a sustainable ecosystem. [less ▲] Detailed reference viewed: 70 (5 UL) |
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