Analysis of the Features and Structure Behind Availability in Blockchain Using Altcoin

【Author】 Imamura, Mitsuyoshi; Omote, Kazumasa

【Source】IEEE ACCESS

【影响因子】3.476

【Abstract】Data availability is a security factor in a blockchain that is challenging to understand and explain because it cannot be described cryptographically or mathematically because of its behavior-dependent properties on the volunteers who maintain the distributed ledger in the network. Most previous approaches have frequently used successful projects with empirically effective availability, such as Bitcoin and Ethereum, to analyze more active blockchain networks. Therefore, even if much of the Altcoin forked from Bitcoin had nodes in the network, contrary to intuition because they were unpopular and failed projects, they were not the focus of much attention in the analysis. However, it is interesting to note that both can maintain availability. Considering the network structure that supports availability, it is possible to investigate Altcoin's features as a minimal component because it is a failed project, whereas it is challenging to do so with Bitcoin and Ethereum because of their complex components. Thus, we specifically selected Altcoin in decline based on our user role model. We investigated the features of the network that maintain availability and the user structure underlying Altcoin, focusing on factors associated with continuity, such as initial node survivability, interest in software updates, and nodes with security risks. We discovered that compared with a stand-alone organization, the actions of early users and few community-friendly users provide greater availability. We also discuss the motivations of these users based on the cost of installing the nodes.

【Keywords】Blockchains; Bitcoin; Costs; Distributed ledger; Software development management; Codes; Behavioral sciences; Cryptocurrency; Blockchain; cryptocurrency; altcoin; availability

【发表时间】2022

【收录时间】2022-09-28

【文献类型】观点阐述

【主题类别】

区块链治理-市场治理-数字货币