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arXiv · 2007.12404

Algebras of UTxO blockchains

Murdoch J. Gabbay
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Abstract

We condense the theory of blockchains down to a simple and compact set of four type equations (Idealised EUTxO), and to an algebraic characterisation (abstract chunk systems), and exhibit an adjoint pair of functors between them. This gives a novel account of the essential mathematical structures underlying blockchain technology, such as Bitcoin.

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Murdoch J. Gabbay. 2021-09-06. Algebras of UTxO blockchains. https://doi.org/10.1017/s0960129521000438

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