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Lecture

Decentralized Systems Engineering

In course

CS-438: Decentralized systems engineering

A decentralized system is one that works when no single party is in charge or fully trusted. This course teaches decentralized systems principles while guiding students through the engineering of their own decentralized system featuring messaging, file sha ...

Description

This lecture introduces the fundamental challenges of designing and building decentralized systems, exploring real-world examples like BitTorrent and Ethereum. The course aims to provide techniques for overcoming these challenges and understanding the success or failure of past systems.

Instructors (2)

Pierluca Borsò

Bryan Alexander Ford

Official source

Related concepts (32)

Cryptocurrency

A cryptocurrency, crypto-currency, or crypto is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it. It is a decentralized system for verifying that the parties to a transaction have the money they claim to have, eliminating the need for traditional intermediaries, such as banks, when funds are being transferred between two entities.

Cryptocurrency and crime

Cryptocurrency and crime describes notable examples of cybercrime related to theft (or the otherwise illegal acquisition) of cryptocurrencies and some of the methods or security vulnerabilities commonly exploited. Cryptojacking is a form of cybercrime specific to cryptocurrencies that has been used on websites to hijack a victim's resources and use them for hashing and mining cryptocurrencies. According to blockchain analysis company Chainalysis, .

Cryptocurrency wallet

A cryptocurrency wallet is a device, physical medium, program or a service which stores the public and/or private keys for cryptocurrency transactions. In addition to this basic function of storing the keys, a cryptocurrency wallet more often offers the functionality of encrypting and/or signing information. Signing can for example result in executing a smart contract, a cryptocurrency transaction (see "bitcoin transaction" image), identification or legally signing a 'document' (see "application form" image).

Cryptocurrency exchange

A cryptocurrency exchange, or a digital currency exchange (DCE), is a business that allows customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money or other digital currencies. Exchanges may accept credit card payments, wire transfers or other forms of payment in exchange for digital currencies or cryptocurrencies. A cryptocurrency exchange can be a market maker that typically takes the bid–ask spreads as a transaction commission for its service or, as a matching platform, simply charges fees.

Tether (cryptocurrency)

Tether (often referred to by its currency codes, USD₮ and USDT, among others) is a cryptocurrency stablecoin, launched by the company Tether Limited Inc. in 2014. As of July 2022, Tether Limited has minted the USDT stablecoin on ten protocols and blockchains. Tether is described as a stablecoin because it was originally designed to be valued at US

1.00. While Tether is not in fact backed by sufficient fiat reserves, Tether Limited consistently lies to the public that it does maintain US

1 of asset reserves for each USD₮ 1 issued.

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Distributed Trust: Bitcoin and Blockchain

Explores distributed trust through Bitcoin and blockchain, addressing challenges, technical aspects, and ethical implications of cryptocurrencies.

Libra: Impact and Technology

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