Ittay Eyal, Adem Efe Gencer, Emin Gün Sirer, and Robbert van Renesse, Cornell University Cryptocurrencies, based on and led by Bitcoin, have shown promise as infrastructure for pseudonymous online payments, cheap remittance, trustless digital asset exchange, and smart contracts. However, Bitcoin-derived blockchain protocols have inherent scalability limits that trade off between throughput and lat
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