Cryptocurrency giants-Ethereum and Bitcoin

Purpose of the assessment (with ULO Mapping)

The purpose of this assignment is to develop skills of analysing critically, and problem solving in regard to Networked Application Management (NAM).

Students will be able to complete the following ULOs:

b. Perform a literature review on modern network applications and management;
c. Analyse common and emerging types of middleware to design and manage networked applications;

Assignment Description

A report containing a complete discussion and analysis of the given topic in the required context needs to be submitted on Moodle. The report must have following parts:

Part 1: Ethereum & Bitcoin

The students explore Ethereum & Bitcoin by reviewing the literature on the internet as papers, book chapters, and independent scholarly reports by experts, and research based videos. Students participating in the PBL are taught how to do the critical thinking for review of literature. At least three articles related to technology supporting Ethereum need to be analysed in depth by discussing the overall contribution, scope and limitations of each research work. Following aspects related to Ethereum must be discussed:

- Architecture
- Features
- Challenges

Part 2: Applications of Bitcoin

Students need to discuss at least one application in EACH of the following domains supported by Bitcoin:
- Token Systems
- Decentralised file storage

Part 3: Compare Ethereum and Bitcoin

Bitcoin and Ethereum are the two biggest giants of the cryptocurrency world. Bitcoin (BTC) was the first coin and Ethereum (ETH) followed a few years later. Discuss in detail similarities and differences between the two.