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Tyranny of the Majority: On the (Im)possibility of Correctness of Smart Contracts | IEEE Journals & Magazine | IEEE Xplore

Tyranny of the Majority: On the (Im)possibility of Correctness of Smart Contracts


Abstract:

Many consensus protocols are based on the assumption that participants are either “good” or “bad” but ignore the fact that they may be affected by direct or indirect econ...Show More

Abstract:

Many consensus protocols are based on the assumption that participants are either “good” or “bad” but ignore the fact that they may be affected by direct or indirect economic interests involved in the corresponding smart contracts. We analyze consensus in decentralized environments and demonstrate that the system cannot guarantee correct execution results.
Published in: IEEE Security & Privacy ( Volume: 16, Issue: 4, July/August 2018)
Page(s): 30 - 37
Date of Publication: 06 August 2018

ISSN Information:


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