Blockchain and Cryptocurrencies: Mode Techniques, and Applications
Yuan, Yong1,2; Wang, Fei-Yue1,3,4
AbstractAs an emerging decentralized architecture and distributed computing paradigm underlying Bitcoin and other cryptocurrencies, blockchain has attracted intensive attention in both research and applications in recent years. The key advantage of this technology lies in the fact that it enables the establishment of secured, trusted, and decentralized autonomous ecosystems for various scenarios, especially for better usage of the legacy devices, infrastructure, and resources. In this paper, we presented a systematic investigation of blockchain and cryptocurrencies. Related fundamental rationales, technical advantages, existing and potential ecosystems of Bitcoin and other cryptocurrencies are discussed, and a six-layer reference model of the blockchain framework is proposed with detailed description for each of its six layers. Potential applications of blockchain and cryptocurrencies are also addressed. Our aim here is to provide guidance and reference for future research along this promising and important direction.
KeywordBitcoin Blockchain Consensus Algorithm Cryptocurrency Smart Contract
WOS HeadingsScience & Technology ; Technology
Indexed BySCI
Funding OrganizationNational Natural Science Foundation of China(71472174 ; Qingdao Think-Tank Foundation on Intelligent Industries ; 71702182 ; 61533019 ; 71232006 ; 61233001)
WOS Research AreaAutomation & Control Systems ; Computer Science
WOS SubjectAutomation & Control Systems ; Computer Science, Cybernetics
WOS IDWOS:000442360400001
Citation statistics
Cited Times:18[WOS]   [WOS Record]     [Related Records in WOS]
Document Type期刊论文
Affiliation1.Chinese Acad Sci, State Key Lab Management & Control Complex Syst, Inst Automat, Beijing 100190, Peoples R China
2.Qingdao Acad Intelligent Ind, Innovat Ctr Parallel Blockchain, Qingdao 266109, Peoples R China
3.Natl Univ Def Technol, Res Ctr Mil Computat Expt & Parallel Syst, Changsha 410073, Hunan, Peoples R China
4.Univ Chinese Acad Sci, Ctr China Econ & Social Secur, Beijing 100049, Peoples R China
First Author AffilicationInstitute of Automation, Chinese Academy of Sciences
Recommended Citation
GB/T 7714
Yuan, Yong,Wang, Fei-Yue. Blockchain and Cryptocurrencies: Mode Techniques, and Applications[J]. IEEE TRANSACTIONS ON SYSTEMS MAN CYBERNETICS-SYSTEMS,2018,48(9):1421-1428.
APA Yuan, Yong,&Wang, Fei-Yue.(2018).Blockchain and Cryptocurrencies: Mode Techniques, and Applications.IEEE TRANSACTIONS ON SYSTEMS MAN CYBERNETICS-SYSTEMS,48(9),1421-1428.
MLA Yuan, Yong,et al."Blockchain and Cryptocurrencies: Mode Techniques, and Applications".IEEE TRANSACTIONS ON SYSTEMS MAN CYBERNETICS-SYSTEMS 48.9(2018):1421-1428.
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