Physical Sciences and Mathematics Commons^™

Bitcoin's Technical Foundation And Its Potential For A Decentralized And Environmentally Friendly Future, Iqtiar Md Siddique

Open Access Theses & Dissertations

This research examines a systematic analysis of Bitcoin, employing a Coefficient of Variation (CV) approach to gauge its degree of decentralization. Bitcoin, an innovative decentralized digital currency, has received much attention for its potential to revolutionize traditional financial systems. This study employs the Coefficient of Variation (CV) to acquire insights into the wealth distribution and concentration among Bitcoin users. This research demonstrates how decentralized the network of Bitcoin is. The methodology uses real data on Bitcoin addresses and their holdings to compute the Coefficient of Variation (CV). This approach provides valuable insights into the ongoing discourse surrounding Bitcoin's decentralization, offering …

Reinforcing Digital Trust For Cloud Manufacturing Through Data Provenance Using Ethereum Smart Contracts, Trupti Narayan Rane

Engineering Management & Systems Engineering Theses & Dissertations

Cloud Manufacturing(CMfg) is an advanced manufacturing model that caters to fast-paced agile requirements (Putnik, 2012). For manufacturing complex products that require extensive resources, manufacturers explore advanced manufacturing techniques like CMfg as it becomes infeasible to achieve high standards through complete ownership of manufacturing artifacts (Kuan et al., 2011). CMfg, with other names such as Manufacturing as a Service (MaaS) and Cyber Manufacturing (NSF, 2020), addresses the shortcoming of traditional manufacturing by building a virtual cyber enterprise of geographically distributed entities that manufacture custom products through collaboration.

With manufacturing venturing into cyberspace, Digital Trust issues concerning product quality, data, and intellectual …

Blockchain Security: Double-Spending Attack And Prevention, William Henry Scott Iii

Electronic Theses and Dissertations

This thesis shows that distributed consensus systems based on proof of work are vulnerable to hashrate-based double-spending attacks due to abuse of majority rule. Through building a private fork of Litecoin and executing a double-spending attack this thesis examines the mechanics and principles behind the attack. This thesis also conducts a survey of preventative measures used to deter double-spending attacks, concluding that a decentralized peer-to-peer network using proof of work is best protected by the addition of an observer system whether internal or external.