Kim, Daehan; Ryu, Doojin; Webb, Robert I. - In: Financial innovation : FIN 10 (2024), pp. 1-15
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 …