Unveiling Decentralization: A Comprehensive Review of Technologies, Comparison, Challenges in Bitcoin, Ethereum, and Solana Blockchain
<|reference_start|>Unveiling Decentralization: A Comprehensive Review of Technologies, Comparison, Challenges in Bitcoin, Ethereum, and Solana Blockchain: Bitcoin stands as a groundbreaking development in decentralized exchange throughout human history, enabling transactions without the need for intermediaries. By leveraging cryptographic proof mechanisms, Bitcoin eliminates the reliance on third-party financial institutions. Ethereum, ranking as the second-largest cryptocurrency by market capitalization, builds upon Bitcoin's groundwork by introducing smart contracts and decentralized applications. Ethereum strives to surpass the limitations of Bitcoin's scripting language, achieving full Turing-completeness for executing intricate computational tasks. Solana introduces a novel architecture for high-performance blockchain, employing timestamps to validate decentralized transactions and significantly boosting block creation throughput. Through a comprehensive examination of these blockchain technologies, their distinctions, and the associated challenges, this paper aims to offer valuable insights and comparative analysis for both researchers and practitioners.<|reference_end|>
@article{song2024unveiling,
    title={Unveiling Decentralization: A Comprehensive Review of Technologies,
  Comparison, Challenges in Bitcoin, Ethereum, and Solana Blockchain},
    author={Han Song and Yihao Wei and Zhongche Qu and Weihan Wang},
    journal={arXiv preprint arXiv:2404.04841},
    year={2024},
    archivePrefix={arXiv},
    eprint={2404.04841},
    primaryClass={cs.CR}
}