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This discussion paper examines a possible limitation to the advancement of blockchain: the intrinsic tradeoff between scaling to a larger size, and the need to maintain a decentralized and distributed architecture. The scaling vs. decentralization trade-off, the paper argues, may impose a...
Persistent link: https://www.econbiz.de/10012892305
Decentralized Finance (DeFi) offers the promise of an emergent alternative financial architecture that prioritizes disintermediation and decentralization to empower individuals along cryptoanarchist principles. Yet it is mired in considerable difficulties including market manipulation,...
Persistent link: https://www.econbiz.de/10013235441
The Decentralized Autonomous Organization (DAO) represents an innovation in the design of organizations, in its emphasis on computerized rules and contracts, but the DAO's structures and functions also raise issues of governance. This discussion paper enumerates those issues, so as to encourage...
Persistent link: https://www.econbiz.de/10012942015