When is record-keeping better arranged through a blockchain than through a traditional centralized intermediary? The … out a blockchain trilemma: no ledger can satisfy all three properties simultaneously. A centralized record-keeper extracts …

, these two equations imply that (3) the recurring, "flow", payments to miners for running the blockchain must be large … versus stock) if both (i) the mining technology used to run the blockchain is both scarce and non-repurposable, and (ii) any … majority attack is a "sabotage" in that it causes a collapse in the economic value of the blockchain; however, reliance on non …

participants on the blockchain. Second, we document the concentration and regional composition of the miners which are the backbone … of the verification protocol and ensure the integrity of the blockchain ledger. Finally, we analyze the ownership …

Blockchain front-running involves multiple agents, other than the legitimate agent, claiming a payment from performing … a contract. It arises because of the public nature of blockchain transactions and potential network congestion. This … eliminates blockchain front-running. In each case, the mechanism relies on threats to remove ownership from all claimants and …

-tokens and blockchain technology. By examining the features of these digital assets, including decentralization, consensus … blockchain networks, such as payment efficiency and market safety. The study aims to contribute to discussions about balancing … innovation within the blockchain sphere and ensuring investor protection and market security, underlining areas that may …

wiped out $50 billion in valuation. At the center of the collapse was a run on a blockchain-based borrowing and lending … protocol (Anchor) that promised high yields to its stablecoin (UST) depositors. Using detailed data from the Terra blockchain …, 2022, other large traders followed. Blockchain technology allowed investors to monitor each other's actions and amplified …

We rely on economic theory to discuss how blockchain technology will shape innovation in digital platforms. We identify … operate a digital marketplace without the need for a traditional intermediary. A blockchain allows a decentralized network of …

, blockchain transparency and digital footprints enable effective forensics for tracking, monitoring, and shutting down dominant …