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By now, almost without exception, every business has an internet presence, and is likely engaged in e-commerce. What are the major risks perceived by those engaged in e-commerce and electronic payment systems? What potential risks, if they become reality, may cause substantial increases in...
Persistent link: https://www.econbiz.de/10012974064
What is accepted as payment has changed over time, and so have the ways in which payments are made. Bitcoin, a cryptographic computer protocol, represents for some just another currency to release and receive payments. For others to speculate or to diversify into an alternative asset class. In...
Persistent link: https://www.econbiz.de/10013031532
In a market where consumers choose between payment options and firms compete with products and prices, we show that payment data drives the formation of a market monopoly. A data-sharing policy can successfully restore and maintain a competitive market, but often at the expense of both...
Persistent link: https://www.econbiz.de/10012423840
Persistent link: https://www.econbiz.de/10011849585
In the blockchain world, proof-of-work is the dominant protocol mechanism that determines the consensus of the ledger …. The hashrate, a measure of the computational power directed toward securing a blockchain through proof-of-work consensus … the security outcome of the Bitcoin blockchain. We use vector error correction modeling to analyze the endogenous …
Persistent link: https://www.econbiz.de/10014548210
, blockchain and smart contracts. For Chapter 1 (Introduction), see https://ssrn.com/abstract=3135021. For Chapter 2 (Means of … Rich Land of Crypto), see https://ssrn.com/abstract=3135057. For Chapter 6 (Smart Contracts and Blockchain), see https …
Persistent link: https://www.econbiz.de/10013210788
In this chapter we discuss the use of blockchain technology for enterprises, including governments. 7.1. Distributed … database: what is it and what for? 7.2. Limitation of Bitcoin’s blockchain for enterprise use. 7.3. Consensus for permissioned … distributed systems. 7.4. Enterprise blockchain solutions. 7.5. Government applications. For Chapter 1 (Introduction), see https …
Persistent link: https://www.econbiz.de/10013213852
In this chapter we discuss smart contracts and functionalities they afford, especially in combination with blockchain … on Ethereum. 6.2.2. What do smart contracts need a blockchain for? 6.3. Tokens. 6.3.1. What are tokens? 6.3.2. Use of … ownership problems. 6.5.2. New markets enabled by NFTs. 6.6. DAPPS. 6.7 Blockchain governance, DAPPS and smart contracts. For …
Persistent link: https://www.econbiz.de/10013213853
Cryptocurrencies such as Bitcoin might revolutionize the economy through enabling peer-to-peer based transactions by abolishing the need for a trusted intermediary. As for now, Bitcoin remains to be the best recognized cryptocurrency, in particular in terms of market capitalization. However, as...
Persistent link: https://www.econbiz.de/10011803730
in 2009. This article presents an overview of cryptocurrencies, blockchain technology, and their applications, explaining … payments; cryptocurrencies, blockchain, and the double-spending problem of digital money; decentralized finance; and central …
Persistent link: https://www.econbiz.de/10013404544