We study to what extent the Bitcoin blockchain security permanently depends on the underlying distribution of … cryptocurrency market outcomes. We use daily blockchain and Bitcoin data for 2014-2019 and employ the ARDL approach. We test three … equilibrium hypotheses: (i) sensitivity of the Bitcoin blockchain to mining reward; (ii) security outcomes of the Bitcoin …

This paper studies to what extent the cost of operating a proof-of-work blockchain is intrinsically linked to the cost … and mining costs, and blockchain security outcomes. Using daily crypto market data for 2014-2021 and employing the … autoregressive distributed lag approach - that allows treating all the relevant moments of the blockchain series as potentially …

(distributed ledger-blockchain), seem to potentially contribute to a greater shift in the framework of the finance industry …