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Publication type: Article in scientific journal
Type of review: Peer review (publication)
Title: Unveiling the importance and evolution of design components through the “tree of blockchain”
Authors: Spychiger, Florian
Tasca, Paolo
Tessone, Claudio J.
et. al: No
DOI: 10.3389/fbloc.2020.613476
Published in: Frontiers in Blockchain
Volume(Issue): 3
Issue: 613476
Issue Date: 13-Jan-2021
Publisher / Ed. Institution: Frontiers Research Foundation
ISSN: 2624-7852
Language: English
Subjects: Blockchain; Blockchain analytics; Distributed ledger technology; Evolution
Subject (DDC): 005: Computer programming, programs and data
Abstract: This study covers the evolutionary development of blockchain technologies over the last 11 years (2009–2019) and sheds lights on potential areas of innovation in heretofore unexplored sub-components. For this purpose, we collected and analyzed detailed data on 107 different blockchain technologies and studied their component-wise technological evolution. The diversity of their designs was captured by deconstructing the blockchains using the Tasca-Tessone taxonomy to build what we call the “tree of blockchain” composed of blockchain main and sub-components. With the support of information theory and phylogenetics, we found that most design explorations have been conducted within the components in the areas of consensus mechanisms and cryptographic primitives. We also show that some sub-components like Consensus Immutability and Failure Tolerance, Access and Control layer, and Access Supply Management have predictive power over other sub-components. We finally found that few dominant design models—the genetic driving clusters of Bitcoin, Ethereum, and XRP—influenced the evolutionary paths of most of the succeeding blockchains.
Fulltext version: Published version
License (according to publishing contract): CC BY 4.0: Attribution 4.0 International
Departement: School of Management and Law
Organisational Unit: Institute for Organizational Viability (IOV)
Appears in collections:Publikationen School of Management and Law

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