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enable us to create an index, referred to as CRIX, for the cryptocurrency market. For further investigation of the new … emerging e-coins have not been mapped into an index yet because with cryptos like Bitcoin, a new kind of asset of great public …
Persistent link: https://www.econbiz.de/10011481648
More and more companies start offering digital payment systems. Smartphones evolve to a digital wallet such that it seems like we are about to enter the era of digital finance. In fact we are already inside an digital economy. The market of e-x (x = "finance", "money", "book", you name it ...)...
Persistent link: https://www.econbiz.de/10012902487
Transaction fees in the bitcoin system work differently from those in conventional payment systems due to the design of … the bitcoin mining algorithm. In particular, transaction fees and transaction volume in the bitcoin system increase … mechanism of fluctuating transaction fees in bitcoin introduces an extra cost of uncertainty to users, a back …
Persistent link: https://www.econbiz.de/10012839529
The market for payment cards is inherently two sided. Consumers benefit from increased merchant acceptance of payment cards and vice versa. To quantify the interdependence of consumer and merchants or network externalities, we construct and estimate a structural two-sided model of a payment...
Persistent link: https://www.econbiz.de/10012058945
In recent years, there have been rapid technological innovations in retail payments. Such dramatic changes in the economics of payment systems have led to questions regarding whether there is consumer demand for cash. The entry of these new products and services has resulted in significant...
Persistent link: https://www.econbiz.de/10012178031
due to competition or incompatibility. In the instance of cryptocurrency as a network and with Metcalfe's Law as the … all network participants. We calculate the economic impact of competing coins (“altcoins”) on Bitcoin's value and find … that they may negatively impact the entire cryptocurrency ecosystem theoretical maximum value by several billion dollars …
Persistent link: https://www.econbiz.de/10012848660
More and more companies start offering digital payment systems. Smartphones evolve to a digital wallet such that it seems like we are about to enter the era of digital finance. In fact we are already inside an digital economy. The market of e-x (x = "finance", "money", "book", you name it ... )...
Persistent link: https://www.econbiz.de/10011380694
-based decentralization – a concept that was described originally in the Bitcoin Whitepaper in 2008. What is Bitcoin’s value proposition in … this confusing landscape? Bitcoin is a monetary asset that achieves immutability through a decentralized governance … Bitcoin, what we see across the industry are blockchain-based tokens offering diluted or spurious decentralization, thereby …
Persistent link: https://www.econbiz.de/10013218946
Bitcoin Cash is a cryptocurrency which was spun-off from Bitcoin in 2017. It was a result of a disagreement over … Bitcoin’s 1mg block size which it was felt hindered transaction times. The Bitcoin Cash block size was initially set at 8mg … 2018. Evidence points to a high correlation between Bitcoin and Bitcoin Cash prices but this only provides limited support …
Persistent link: https://www.econbiz.de/10013232978
We examine the relationship between national culture and a country’s Bitcoin usage. Given that Bitcoin is a high … includes the originating country for Bitcoin transactions, we examine the relationship between individualism and a country …’s Bitcoin usage for a sample of 80 countries between 2009-2018. We find a significant and positive relationship between a …
Persistent link: https://www.econbiz.de/10013244566