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Evolution of shares in a proof-of-stake cryptocurrency

Rosu, Ioanid; Saleh, Fahad - 2019

Do the rich always get richer by investing in a cryptocurrency for which new coins are issued according to a Proof-of-Stake (PoS) protocol? We answer this question in the negative: Without trading, the investor shares in the cryptocurrency are martingales that converge to a well-defined limiting...

Persistent link: https://www.econbiz.de/10012259559

Blockchain without waste : proof-of-stake

Saleh, Fahad - In: The review of financial studies 34 (2021) 3, pp. 1156-1190

Persistent link: https://www.econbiz.de/10012434836

Evolution of shares in a proof-of-stake cryptocurrency

Roşu, Ioanid; Saleh, Fahad - In: Management science : journal of the Institute for … 67 (2021) 2, pp. 661-672

Persistent link: https://www.econbiz.de/10012505237

The Public Blockchain Ecosystem : An Empirical Analysis

Irresberger, Felix - 2020

- scale, security, and adoption - as the determinants of blockchain user utility. We examine each blockchain along those …This paper provides an empirical overview of the largely unexplored public blockchain ecosystem. Our overview … highlights that only a few blockchains dominate the ecosystem although no single blockchain, not even Bitcoin, dominates …

Persistent link: https://www.econbiz.de/10012835054

Blockchain Adoption in a Supply Chain with Market Power

Iyengar, Garud; Saleh, Fahad; Sethuraman, Jay; Wang, Wenjun - 2021

find that blockchain adoption always enhances manufacturer welfare in this setting when adoption costs are zero; as a … consequence, the manufacturer always adopts blockchain for sufficiently small adoption costs. The enhanced manufacturer welfare … from blockchain adoption arises for two reasons: the manufacturer possessing risk aversion and the blockchain reducing …

Persistent link: https://www.econbiz.de/10013322457

Bitcoin and beyond

John, Kose; O'Hara, Maureen; Saleh, Fahad - In: Annual review of financial economics 14 (2022), pp. 95-115

Persistent link: https://www.econbiz.de/10013461090

Bitcoin's limited adoption problem

Hinzen, Franz J.; John, Kose; Saleh, Fahad - In: Journal of financial economics 144 (2022) 2, pp. 347-369

Persistent link: https://www.econbiz.de/10013413095

Blockchain Without Waste : Proof-of-Stake

Saleh, Fahad - 2021

Permissionless blockchains require a protocol to generate consensus. Many prominent permissionless blockchains employ Proof-of-Work (PoW) for that purpose, but PoW possesses significant shortcomings. Various alternatives have been proposed. This paper provides the first formal economic model of...

Persistent link: https://www.econbiz.de/10013244691

Economics of permissioned blockchain adoption

Iyengar, Garud; Saleh, Fahad; Sethuraman, Jay; Wang, Wenjun - In: Management science : journal of the Institute for … 69 (2023) 6, pp. 3415-3436

Persistent link: https://www.econbiz.de/10014305670

Equilibrium Staking Levels in a Proof-of-Stake Blockchain

John, Kose; Rivera, Thomas J; Saleh, Fahad - 2021

We study the equilibrium level of staking in a Proof-of-Stake blockchain when investors have different trading horizons …

Persistent link: https://www.econbiz.de/10013314263