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Practical Implementation of a Virtual Currency Based Incentive Mechanism in a Direct Connect Peer-to-Peer System

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Executive Summary

Peer-to-peer file sharing communities form dynamic vaults of information and ideas that single users are not capable of aggregating on their own. Users willingly join and willingly share their resources on peer-to-peer networks. These types of networks are very prone to free riding, unless share limit restrictions are imposed. The free riding problem on peer-to-peer networks and corresponding incentive mechanisms has been addressed in the literature in detailed mathematical models, business models, design objectives and case studies for various types of peer-to-peer networks.

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