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Michel Rauchs Profile picture
@mrauchs
Sep 9, 2016 • 16 tweets • 6 min read • Read on X
Exploring the emergence & evolution of the #Bitcoin #business #ecosystem. The following network graphs are based on dataset of 514 entities.
Bitcoin business ecosystem - 2010

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More from @mrauchs

Michel Rauchs Profile picture
Aug 21, 2018
1/ Let's get to the core of the report today; namely the conceptual framework that breaks down a #DLT system into distinct pieces in order to better understand the relationships between its elements.

Full report: jbs.cam.ac.uk/faculty-resear…

Alternative link: papers.ssrn.com/sol3/papers.cf…
2/ Speaking of elements: the framework consists of three types: layers, components, and processes.

Each layer is composed of a set of components, and each component comprises a set of processes.

In total, we identify 3 layers, 7 components, and 18 processes.
3/ Let's start with the base layer - the protocol layer.

The protocol layer is the foundation of the entire DLT system: it defines the set of formal rules that governs the system and codifies its architectural design.
Read 14 tweets
Michel Rauchs Profile picture
Aug 15, 2018
1/ Today, I'd like to share some of the highlights in Section 2 of our new report on #DLT systems (available here: papers.ssrn.com/sol3/papers.cf…).

We will provide a formal definition of a DLT system and explain some of the key concepts.
2/ Before diving into the key concepts, it is important to understand that unlike 'traditional' databases, DLT systems are designed to operate in an adversarial environment.
3/ That doesn't necessarily mean that there are adversaries actively trying to attack or sabotage the system; rather, a DLT system should be designed to tolerate the potential presence of malicious actors - to a certain extent.
Read 16 tweets

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