Christopher L. Brown

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1paper
1,074citations

1 Paper

3.3THAug 12, 2019
Interactive coin offerings

Jason Teutsch, Vitalik Buterin, Christopher Brown

Ethereum has emerged as a dynamic platform for exchanging cryptocurrency tokens. While token crowdsales cannot simultaneously guarantee buyers both certainty of valuation and certainty of participation, we show that if each token buyer specifies a desired purchase quantity at each valuation then everyone can successfully participate. Our implementation introduces smart contract techniques which recruit outside participants in order to circumvent computational complexity barriers.