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Blockchain-based replicated ledgers, pioneered in Bitcoin, are effective against double spending, but inherently attract centralised mining pools and incompressible transaction delays.
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Bitcoin: A Peer-to-Peer Electronic Cash System
Dr Craig S Wright · SSRN Electronic Journal · 2008 · 14.3K citations · Full text
Zerocash: Decentralized Anonymous Payments from Bitcoin
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SoK: Research Perspectives and Challenges for Bitcoin and Cryptocurrencies
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Information propagation in the Bitcoin network
Christian Decker, Roger Wattenhofer · 2013 · 1.2K citations