The problem of fair exchange arises often in business transactions — especially when those transactions are conducted anonymously over the internet. Alice would like to buy a widget from Bob, but there’s a circular problem: Alice refuses to pay Bob until she receives the widget whereas Bob refuses to send Alice the widget until he […]
Search Results for: bitcoin
Why Making Johnny's Key Management Transparent is So Challenging
March 31, 2016 by
In light of the ongoing debate about the importance of using end-to-end encryption to protect our data and communications, several tech companies have announced plans to increase the encryption in their services. However, this isn’t a new pledge: since 2014, Google and Yahoo have been working on a browser plugin to facilitate sending encrypted emails […]
“Private blockchain” is just a confusing name for a shared database
September 18, 2015 by
Banks and financial institutions seem to be all over the blockchain. It seems they agree with the Bitcoin community that the technology behind Bitcoin can provide an efficient platform for settlement and for issuing digital assets. Curiously, though, they seem to shy away from Bitcoin itself. Instead, they want something they have more control over and doesn’t […]
Does cloud mining make sense?
August 3, 2015 by
[Paul Ellenbogen is a second year Ph.D. student at Princeton who’s been looking into the economics and game theory of Bitcoin, among other topics. He’s a coauthor of our recent paper on Namecoin and namespaces. — Arvind Narayanan] Currently, if I wanted to mine Bitcoin I would need to buy specialized hardware, called application-specific integrated […]
An empirical study of Namecoin and lessons for decentralized namespace design
May 21, 2015 by
[Let’s welcome to Freedom to Tinker first-year grad student Miles Carlsten, who, with fellow first-years Harry Kalodner and Paul Ellenbogen, worked on a neat study of Namecoin. — Arvind Narayanan] Namecoin is a Bitcoin-like cryptocurrency that aims to create a secure decentralized namespace — that is, an online system that maps names to values, but without […]
