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E-Commerce, Cyber, and Electronic Payment System Risks : Lessons from PayPal
Trautman, Lawrence J. - 2017
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
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The Merger of Cryptography and Finance - Do Cryptographic Economic Systems Lead to the Future of Money and Payments?
Quintana Diaz, Josue Manuel - 2015
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
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Monetizing privacy
Garratt, Rod - 2021
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
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Staking Pool Centralization in Proof-of-Stake Blockchain Network
He, Ping - 2020
Proof-of-Stake consensus algorithm solves major drawbacks of PoW blockchain network including high energy consumption … economic framework for PoS blockchain network based on staking pool optimization problem and evaluate stake concentration in … the network. We prove that stake concentration is encouraged in a finite staking pool PoS blockchain network, but …
Persistent link: https://www.econbiz.de/10012833099
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Blockchain and payment systems : what are the benefits and costs?
Neyer, Gene; Geva, Benjamin - In: Journal of payments strategy & systems 11 (2017) 3, pp. 215-225
Persistent link: https://www.econbiz.de/10011849585
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The demand for programmable payments
Kahn, Charles M.; Oordt, Maarten R. C. van - 2022
This paper studies the desirability of programmable payments where transfers are automatically executed conditional upon preset objective criteria. We do so by studying optimal payment arrangements in a framework that captures a wide range of economic relationships between two parties. Our...
Persistent link: https://www.econbiz.de/10013413524
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Does a higher hashrate strengthen Bitcoin network security?
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 …
Persistent link: https://www.econbiz.de/10014548210
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Beyond Bitcoin : The Economics of Digital Currencies and Blockchain Technologies (Chapter 8: Conclusions)
Halaburda, Hanna; Sarvary, Miklos; Haeringer, Guillaume - 2021
, 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
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Beyond Bitcoin : The Economics of Digital Currencies and Blockchain Technologies (Chapter 7: Enterprise Blockchains)
Halaburda, Hanna; Sarvary, Miklos; Haeringer, Guillaume - 2021
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
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Beyond Bitcoin : The Economics of Cryptocurrencies and Blockchain Technologies (Chapter 6: Smart Contracts and Blockchain)
Halaburda, Hanna; Sarvary, Miklos; Haeringer, Guillaume - 2021
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