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2 changes: 1 addition & 1 deletion Paper.tex
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Expand Up @@ -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}.
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