kaal:claim:3782205-003

Prototypes exist for only two of the eight required institutions, decentralized currency in Bitcoin and distributed computation for smart contracts in Ethereum, and most of the rest are still missing.

Source quote, verbatim

Engineers have managed to prototype two of the solutions: decentralized cur- rency (Bitcoin) and the distributed computing needed to make smart contracts (Ethereum). We're still missing most of them.

From

Craig Calcaterra, Wulf A. Kaal, Eight Institutions for the Evolution of Decentralization (2021), Chapter 9. Eight institutions, p. 2
https://ssrn.com/abstract=3782205 · source PDF

Cite as

Craig Calcaterra, Wulf A. Kaal, Eight Institutions for the Evolution of Decentralization (2021). SSRN: https://ssrn.com/abstract=3782205

Holds when

state of the field as of 2021

Classification

empiricalsupport: assertedtokenomicssmart-contractsdecentralization

Related claims

supports kaal:claim:3782201-021 Despite billions of dollars of investment, radically decentralized tools including bitcoin currency, Ethereum ...

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