Narrow search
Showing 1 - 10 of 3,955
Cover Image
Towards Proof-of-Work Cryptocurrency Valuation : Mining Games, Network Effects and the Social Value of Blockchain
Shanaev, Savva - 2019
In this study, a mathematical model of proof-of-work cryptocurrency valuation is developed based on the concepts of simultaneous equilibria in two mining games, the purchasing power parity in the system of equations of exchange and the network effects of transaction cost optimisation in the...
Persistent link: https://www.econbiz.de/10012890712
Cover Image
The blockchain, plums, and lemons: Information asymmetries & transparency in decentralized markets
Notheisen, Benedikt; Weinhardt, Christof - 2019
Despite a growing interest, researchers and practitioners still struggle to transfer the blockchain concept introduced … information, this study analyzes the effect of the blockchain's public transparency paradigm on behavioral patterns and market … outcomes. In line with prior research, our findings indicate that the blockchain's shared record mitigates adverse selection …
Persistent link: https://www.econbiz.de/10011985255
Cover Image
Farsighted miners under transaction fee mechanism EIP1559
Hougaard, Jens Leth; Pourpouneh, Mohsen - 2022
We investigate the recent fee mechanism EIP1559 of the Ethereum network. Whereas previous studies have focused on myopic miners, we here focus on strategic miners in the sense of miners being able to reason k-blocks ahead. We derive expressions for optimal miner behavior (in terms of setting...
Persistent link: https://www.econbiz.de/10013467120
Cover Image
The Blockchain, Plums, and Lemons - Information Asymmetries & Transparency in Decentralized Markets
Notheisen, Benedikt - 2019
Despite a growing interest, researchers and practitioners still struggle to transfer the blockchain concept introduced … information, this study analyzes the effect of the blockchain's public transparency paradigm on behavioral patterns and market … outcomes. In line with prior research, our findings indicate that the blockchain's shared record mitigates adverse selection …
Persistent link: https://www.econbiz.de/10012898959
Cover Image
The blockchain, plums, and lemons : information asymmetries & transparency in decentralized markets
Notheisen, Benedikt; Weinhardt, Christof - 2019
Despite a growing interest, researchers and practitioners still struggle to transfer the blockchain concept introduced … information, this study analyzes the effect of the blockchain's public transparency paradigm on behavioral patterns and market … outcomes. In line with prior research, our findings indicate that the blockchain's shared record mitigates adverse selection …
Persistent link: https://www.econbiz.de/10011979156
Cover Image
Industry Competition : The Blockchain Versus Centralized Authority
Aoyagi, Jun - 2020
Existing industries must deal with encroachment by a blockchain-based competitor. We provide an abstract asset …-trading model to analyze the competition between the blockchain operated by the distributed ledger system (DLS) and the traditional … blockchain's strategy is determined competitively by its miners and users. Our model characterizes when and why the blockchain …
Persistent link: https://www.econbiz.de/10012848463
Cover Image
Farsighted miners under transaction fee mechanism EIP1559
Hougaard, Jens Leth; Pourpouneh, Mohsen - 2022
We investigate the recent fee mechanism EIP1559 of the Ethereum network. Whereas previous studies have focused on myopic miners, we here focus on rational miners in the sense of having level-k foresight. We derive expressions for optimal miner behavior (in terms of setting block sizes) in the...
Persistent link: https://www.econbiz.de/10013329351
Cover Image
On the quality of cryptocurrency markets : centralized versus decentralized exchanges
Barbon, Andrea; Ranaldo, Angelo - 2022 - This draft: April 2022
comprehensive dataset, we compare decentralized blockchain-based venues (DEXs) to centralized crypto exchanges (CEXs) assessing two …
Persistent link: https://www.econbiz.de/10013192214
Cover Image
The rise of decentralized cryptocurrency exchanges : evaluating the role of airdrops and governance tokens
Makridis, Christos A.; Fröwis, Michael; Sridhar, Kiran; … - In: The journal of corporate finance : contracting, … 79 (2023), pp. 1-13
Persistent link: https://www.econbiz.de/10014250985
Cover Image
Decentralized Finance : The Impact of Blockchain-Based Financial Innovations on Entrepreneurship
Basly, Sami (ed.) - 2024
Introduction: Blockchain, Decentralized Finance and Entrepreneurship 9 -- DeFi and Investing in Entrepreneurial … Context. A case of Zimbabwe -- Islamic Digital Currency and Entrepreneurship -- Blockchain Adoption in the Accounting and … Finance: A European Perspective -- DeFi Cybersecurity Technical and Non-Technical Risks -- Integration of Blockchain with Last …
Persistent link: https://www.econbiz.de/10014475010