CTF Written Submission

Challenges with Crypto Adoption

May 25, 2025
  • The market design of major blockchains, such as Bitcoin and Ethereum, presents significant challenges, including potential fraud by validators and systemic issues.
  • The Ethereum matching engine, based on a periodic-auction market design, has led to documented fraud by validators, highlighting the need for better mechanism design alternatives.
  • Adoption of newer and improved mechanism design alternatives is essential to address the systemic issues in cryptocurrency markets.

Last Reviewed or Updated: May 27, 2025