diff --git a/Paper.tex b/Paper.tex index 229e9986..1f9746f3 100644 --- a/Paper.tex +++ b/Paper.tex @@ -113,7 +113,7 @@ \subsection{Previous Work} \label{ch:previous} Additional work has been done in the area with discarding the decentralisation foundation; Ripple, discussed by \cite{boutellier2014pirates}, has sought to create a ``federated'' system for currency exchange, effectively creating a new financial clearing system. It has demonstrated that high efficiency gains can be made if the decentralisation premise is discarded. -Early work on smart contracts has been done by \cite{szabo1997formalizing} and \cite{miller1997future}. Around the 1990s it became clear that algorithmic enforcement of agreements could become a significant force in human cooperation. Though no specific system was proposed to implement such a system, it was proposed that the future of law would be heavily affected by such systems. In this light, Ethereum may be seen as a general implementation of such a \textit{crypto-law} system. +Early work on smart contracts has been done by \cite{szabo1997formalizing} and \cite{miller1997future}. Around the 1990s, it became clear that algorithmic enforcement of agreements could become a significant force in human cooperation. Though no specific system was proposed to implement such a system, it was proposed that the future of law would be heavily affected by such systems. In this light, Ethereum may be seen as a general implementation of such a \textit{crypto-law} system. %E language? For a list of terms used in this paper, refer to Appendix~\ref{ch:Terminology}.