The Journal of the Convergence on Culture Technology (문화기술의 융합)

The International Promotion Agency of Culture Technology (국제문화기술진흥원)
권호 표지
DOI QR코드

DOI QR Code

Analysis of Distributed Cryptocurrency Exchange Model and Issues

분산 암호화폐 거래소 모델 및 이슈 분석

  • Lee, Tae-Gyu (Division of ICT Convergence (Smart Contents Major), Pyeongtaek Univ.)
  • 이태규 (평택대학교 ICT융합학부 스마트콘텐츠전공)
  • Received : 2021.12.31
  • Accepted : 2022.01.08
  • Published : 2022.01.31
Download PDF
⟨ Previous Next ⟩

Abstract

With the release of the Bitcoin source in 2009, cryptocurrencies are continuously developing and expanding the market. Recently, new applicability is expanding centered on NFT coin and metaverse payment service. In particular, the Central Cryptocurrency Exchange actively supports relay transactions between cryptocurrencies or between traditional fiat currencies and cryptocurrencies. The cryptocurrency trading market based on such a central exchange encouraged speculative factors of cryptocurrencies, strongly arousing speculation and futility of cryptocurrencies. In addition, the central cryptocurrency exchange induces the centralization of users and virtual assets, thereby hindering the decentralization and security enhancement strategies of the block chain. Therefore, this study describes the current status and problems of centrally controlled centralized cryptocurrency exchanges in service, and presents a distributed cryptocurrency exchange modeling strategy and major issues as a decentralization model of the exchange. This research can strengthen the anonymity, decentralization, and autonomy of cryptocurrency based on blockchain.

암호화폐는 2009년 비트코인 소스 공개와 더불어 지속적으로 기술적 발전과 시장확대가 진행되고 있다. 최근에는 NFT 코인을 비롯해 메타버스 결제 서비스를 중심으로 새로운 응용성이 확장되고 있다. 특히, 중앙암호화폐거래소는 암호화폐 간 또는 기존 법정화폐와 암호화폐 간 중계 거래를 활발히 지원하고 있다. 이러한 중앙거래소에 기초한 암호화폐 거래 시장은 암호화폐의 투기 요인을 부추겨서, 암호화폐의 투기성과 무용론을 강하게 불러 일으켰다. 또한, 중앙암호화폐거래소는 사용자 및 가상자산의 집중화를 유도해서, 블록체인의 탈중화 및 보안성 강화 전략을 저해하고 있다. 따라서 본 연구는 현재 서비스 중인 중앙통제 기반의 중앙암호화폐거래소 현황 및 문제점을 기술하고, 거래소의 분산화 모델로서 분산암호화폐거래소 모델링 전략 및 주요 이슈를 제시한다. 본 연구는 블록체인의 기초한 암호화폐의 익명성, 분산화, 자치성 등을 강화할 수 있다.

Keywords

Acknowledgement

본 과제(결과물)는 교육부와 한국연구재단의 재원으로 지원을 받아 수행된 사회맞춤형 산학협력 선도대학(LINC+) 육성사업의 연구결과임.

References

  1. Satoshi Nakamoto, "Bitcoin: A Peer-to-Peer Electronic Cash System," www.bitcoin.org, pp.1-9. 2008
  2. S.Y. Sin, "The core of the metaverse, NFT and virtual economy," Emerging Tech & Biz Hana Industry Info, Vol. 3, Aug. 2021.
  3. G.J. Kim, "Evolution of the real and virtual worlds through metaverse examples," Broadcasting and Media Vol. 26, No. 3 pp. 206-215.
  4. S.W. Song, and D.H. Chung, "Explication and Rational Conceptualization of Metaverse," Informatization Policy Vol. 28, No. 3, pp. 003-022 Sep 2021. DOI: https://doi.org/10.22693/NIAIP.2021.28.3.003
  5. C.Young Song, and Sunghyuck Hong, "One way to solve the problem of presales of Ethereum : how to use public key cryptography," IJASC, vol.1, no.2, pp.27-31, 2019. DOI: https://doi.org/10.22662/IJASC.2019.1.2.027
  6. K. C. H. Kim, "The Impact of Blockchain Technology on the Music Industry," International journal of advanced smart convergence, vol. 8, no. 1, pp. 196-203, Mar. 2019. DOI: https://doi.org/10.7236/IJASC.2019.8.1.196
  7. J.K. Hong, S.T. Kim, and D.S. Ryu, "Blockchain Watchdog: Real-time Blockchain Surveillance System Connecting Smart Contract Code and Distributed Storage," The Journal of The Institute of Internet, Broadcasting and Communication, vol. 20, no. 4, pp. 115-121, Aug. 2020. DOI: https://doi.org/10.7236/JIIBC.2020.20.4.115
  8. H.C Kim, "The Effects of e-Service Quality on Satisfaction and Continuance Intention in Cryptocurrency Exchange," Journal of the Korea Industrial Information Systems Research, Vo1. 23, No. 6, Dec. 2018. DOI: https://doi.org/10.9723/jksiis.2018.23.6.113
  9. M.I.Lim and H.B.Jang, "A Study on the Risk Reduction Plan of Cryptocurrency Exchange," Journal of Platform Technology, Vol. 8, No,. 4, pp. 29-37, Dec. 2020. https://doi.org/10.23023/JPT.2020.8.4.029
  10. Miko Matsumura, "Evercoin," http://wiki.hash.kr/index.php/, https://evercoin.com/home
  11. Cryptopedia, "The State of Centralized Exchanges," 2021. https://www.gemini.com/cryptopedia/centralized-exchanges-crypto
  12. Coinone, "Understanding the cryptocurrency exchange structure and risk management," 1st Electronic Finance Forum Regular Meeting, Bank of Korea, Aug. 30, 2017. http://www.bok.or.kr/portal/bbs/P0002700/view.do?nttId=231522&menuNo=200737&pageIndex=1
  13. Hashnet, "cryptocurrency exchange," http://wiki.hash.kr/index.php/
  14. "Ranking of domestic cryptocurrency exchanges," Feb. 2021, https://xfile.tistory.com/81
  15. CoinMarketcap, "Top Cryptocurrency Spot Exchanges," https://coinmarketcap.com/rankings/exchanges/
  16. CryptoWisser, "Cryptocurrency Exchange List," https://www.cryptowisser.com/exchanges/?lang=ko