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1. Introduction -- 2. Asset Class Taxonomy and General Valuation Approaches -- 3. The Scalable Valuation of digital intangibles -- 4. Cryptocurrencies and Non-Fungible Tokens -- 5. Digital Art and Non-FungibleTokens -- 6. Blockchains, Internet of Value, and Smart Transactions -- 7. The Metaverse...
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We examine whether decentralization is sustainable in the Bitcoin system. The Bitcoin system is a decentralized system … decentralization of the Bitcoin system. We then provide empirical evidence that supports the model's prediction. Collectively, we show …
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decentralization is coming but identify powerful competing forces seeking to preserve the status quo. As such, we must encourage more … actively in the digital transformation. We need more experimentation to address the current shortcomings of decentralization …
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We make a distinction between centralized, decentralized, and distributed payment mechanisms. A centralized payment mechanism processes a transaction using a trusted third party. A decentralized payment mechanism processes a transaction between the parties to the transaction. A distributed...
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