This paper develops a microeconomic model of bitcoin production to analyze the economic effects of the Bitcoin protocol …. I view the bitcoin as a tradable commodity that is produced by miners and whose supply is managed by the protocol. The … findings show that bitcoin's volatile price path and inefficiency are related, and that both are a consequence of the protocol …

has either been general, about all cryptocurrencies or focused primarily on Bitcoin. Despite some similarities with … Bitcoin, Ethereum is a different technology with different governance and support. This research focuses on payments with the …Ethereum is being utilized in various ways, including smart contracts and payments. Research in cryptocurrency payments …