2019/08/12 by Jason Teutsch, Teutsch, Jason, Vitalik Buterin +4 · 1 voice
Arts and Humanities · #Art History and Market Analysis #cs.CR #cs.GT #econ.TH
paper · pdf · doi:10.48550/arxiv.1908.04295
openalex publication_date 2019/08/12 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/28
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.