Egalitarian and Just Digital Currency Networks

Gal Shahaf (Weizmann Institute of Science), Ehud Shapiro (Weizmann Institute of Science), Nimrod Talmon (Ben-Gurion University of the Negev)

Abstract

We explore the possibility of an alternative cryptocurrency that is egalitarian in control, just in the distribution of its created wealth, and forms and grows in a grassroots way; we analyze it via a mathematical entity called a currency network. Our main result states sufficient conditions for the establishment of 1:1 exchange rates and distributive justice in a currency network.