Article3210
Trade-Offs Between Distributed Ledger Technology Characteristics
Trade-Offs Between Distributed Ledger Technology Characteristics
Veröffentlicht: 2020
Journal: ACM Computing Surveys
Verlag: ACM
Volume: forthcoming
Nicht-referierte Veröffentlichung
Tags:Blockchain, Distributed Ledger Technology, Peer-to-Peer, Application Development, Suitability, Viability
Kurzfassung
The decision for a suitable Distributed Ledger Technology design (e.g., Ethereum, IOTA) is of particular relevance because the retroactive change of the underlying DLT design is hard if not impossible. Extant research reveals several trade-offs between DLT characteristics (e.g., availability vs. consistency). Such trade-offs inhibit a one-size-fits-all DLT design that suites the requirements of all applications on DLT. For an appropriate assessment of the suitability of DLT designs for a particular application on DLT, researchers and developers require a systematic and holistic overview of the functioning of different DLT designs, including their configuration of DLT characteristics and dependencies and resulting trade-offs between DLT characteristics. We present a comprehensive set of 49 DLT characteristics synthesized from the literature on DLT, which should be considered when developing viable applications on DLT. Furthermore, we conducted an in-depth analysis of dependencies and resulting trade-offs between DLT characteristics. Finally, we consolidated the identified 26 trade-offs into 6 archetypes and explain implications for applications on DLT.
DOI Link: 10.1145/3379463
Critical Information Infrastructures
Software Engineering, Blockchain