Decentralizing democracy: approaches to consensus within blockchain communities

Creating fair, transparent and genuinely democratic modes of decentralized decision-making has been a key concern for many developers and users of blockchains. This article evaluates several popular methods of maintaining consensus and achieving decentralized decision-making on blockchain networks i...

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Detalles Bibliográficos
Autor principal: Tozzi, Christopher
Formato: Artículo publishedVersion Karpeta
Lenguaje:Inglés
Publicado: Grupo de Investigación Cultura Digital y Movimientos Sociales. Cibersomosaguas 2019
Materias:
Acceso en línea:https://revistas.ucm.es/index.php/TEKN/article/view/64523
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=es/es-028&d=article64523oai
Aporte de:
id I16-R122-article64523oai
record_format dspace
institution Consejo Latinoamericano de Ciencias Sociales
institution_str I-16
repository_str R-122
collection Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO)
language Inglés
topic bitcoin; democracy; governance; Proof-of-Work
bitcoin; demogracia; governanza; Prueba-de-Trabajo
bitcoin; democracia; governança; prova-de-trabalho
spellingShingle bitcoin; democracy; governance; Proof-of-Work
bitcoin; demogracia; governanza; Prueba-de-Trabajo
bitcoin; democracia; governança; prova-de-trabalho
Tozzi, Christopher
Decentralizing democracy: approaches to consensus within blockchain communities
topic_facet bitcoin; democracy; governance; Proof-of-Work
bitcoin; demogracia; governanza; Prueba-de-Trabajo
bitcoin; democracia; governança; prova-de-trabalho
description Creating fair, transparent and genuinely democratic modes of decentralized decision-making has been a key concern for many developers and users of blockchains. This article evaluates several popular methods of maintaining consensus and achieving decentralized decision-making on blockchain networks in order to assess the extent to which blockchains challenge the norms of the liberal-democratic order. In particular, it compares and contrasts Proof-of-Work, Proof-of-Stake and Practical Byzantine Fault Tolerance consensus mechanisms, assessing not just how they operate in a technical sense but also (and most important) the political, economic and social dimensions of these different blockchain governance strategies. This comparison highlights efforts by blockchain communities to redefine or push the bounds of democracy, as well as the challenges they have faced in their efforts to create digital democracies that do not reproduce the same economic and social inequalities present in traditional democratic systems.
format Artículo
publishedVersion
Karpeta
Artículo
publishedVersion
Karpeta
author Tozzi, Christopher
author_facet Tozzi, Christopher
author_sort Tozzi, Christopher
title Decentralizing democracy: approaches to consensus within blockchain communities
title_short Decentralizing democracy: approaches to consensus within blockchain communities
title_full Decentralizing democracy: approaches to consensus within blockchain communities
title_fullStr Decentralizing democracy: approaches to consensus within blockchain communities
title_full_unstemmed Decentralizing democracy: approaches to consensus within blockchain communities
title_sort decentralizing democracy: approaches to consensus within blockchain communities
publisher Grupo de Investigación Cultura Digital y Movimientos Sociales. Cibersomosaguas
publishDate 2019
url https://revistas.ucm.es/index.php/TEKN/article/view/64523
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=es/es-028&d=article64523oai
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