| Description |
1 online resource : illustrations |
| Series |
SAGE Business Cases |
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SAGE Business. Cases
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| Summary |
The popularity of Blockchain - and its application to cryptocurrencies in particular - has soared in recent years. Blockchain platforms are completely decentralized, relying on networks of participants to securely validate transactions without a central authority. Existing cryptocurrencies use a validation process called Proof of Work (PoW), a form of cryptography that requires a network of "miners" to commit their own computing power by solving complex cryptographic puzzles. Miners who create and publish new blocks are rewarded. But there is now a growing concern that the amount of electricity required to run PoW networks has become unsustainable: the Bitcoin network, for instance, requires the same amount of electricity as a small country. Vitalik Buterin, the co-founder of Ethereum, has proposed a new validation model called Proof-of-Stake (PoS). This case explores the challenges associated with incentivizing participants to transition in a more sustainable, but unproven new model |
| Notes |
Originally Published InBo, E. & Xu, G. (2020). Ethereum: Navigating the Blockchain's Sustainability Versus Profit Dilemma. The Berkeley-Haas Case Series. University of California, Berkeley. Haas School of Business |
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Description based on XML content |
| Subject |
Blockchains (Databases) -- Case studies
|
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Cryptocurrencies -- Case studies
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Blockchains (Databases)
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Cryptocurrencies.
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| Genre/Form |
Case studies.
|
| Form |
Electronic book
|
| Author |
Xu, Guo, active 2020, author
|
| ISBN |
9781529789638 |
|
152978963X |
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