Conversations on Cryptography

By Aljosha Judmayer, Nicholas Stifter, Katharina Krombholz, and Edgar Weippl

The new field of cryptographic currencies and consensus ledgers, commonly referred to as blockchains, is receiving increasing interest from various different communities. These communities are very diverse and amongst others include: technical enthusiasts, activist groups, researchers from various disciplines, start ups, large enterprises, public authorities, banks, financial regulators, business men, investors, and also criminals. The scientific community adapted relatively slowly to this emerging and fast-moving field of cryptographic currencies and consensus ledgers.

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f you've ever been introduced to Bitcoin and gone on to ask "What is it, really?", "How does it actually work?", and "What gives it value?", you're not alone. Getting simple answers is difficult and the "so what" we are seeking is often obscured by overly technical websites, articles, or discussion forums.