Open Access. Powered by Scholars. Published by Universities.®
![Digital Commons Network](http://assets.bepress.com/20200205/img/dcn/DCsunburst.png)
Databases and Information Systems Commons™
Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 1 of 1
Full-Text Articles in Databases and Information Systems
On Decentralization Of Bitcoin: An Asset Perspective, Ling Cheng, Feida Zhu, Huiwen Liu, Chunyan Miao
On Decentralization Of Bitcoin: An Asset Perspective, Ling Cheng, Feida Zhu, Huiwen Liu, Chunyan Miao
Research Collection School Of Computing and Information Systems
Since its advent in 2009, Bitcoin, a cryptography-enabled peer-to-peer digital payment system, has been gaining increasing attention from both academia and industry. An effort designed to overcome a cluster of bottlenecks inherent in existing centralized financial systems, Bitcoin has always been championed by the crypto community as an example of the spirit of decentralization. While the decentralized nature of Bitcoin's Proof-of-Work consensus algorithm has often been discussed in great detail, no systematic study has so far been conducted to quantitatively measure the degree of decentralization of Bitcoin from an asset perspective -- How decentralized is Bitcoin as a financial asset? …