Blockchain technology can reduce transaction costs, generate distributed trust, and
empower decentralized platforms, potentially becoming a new foundation for decentralized …

Bitcoin provides its users with transaction-processing services which are similar to those of
traditional payment systems. This article models the novel economic structure implied by …

Purpose Decentralized finance (DeFi), enabled by blockchain, could bring about a new
financial system, where peers will interact directly, with little or no place for traditional …

Since 2017, the Bitcoin blockchain system has experienced 105 fork divergences. The
rapidly increasing blockchain forks have resulted in fierce competition and created …

Bitcoin's main innovation lies in allowing a decentralized system that relies on anonymous,
profit-driven miners who can freely join the system. We formalize these properties in three …

Blockchain technology has facilitated the emergence of a new type of organizational form,
decentralized autonomous organizations (DAOs). In contrast to corporations and other types …

Despite blockchain based cryptoassets trading since 2009, there has been a functional gap
between on-chain transactions and trust based centralized exchanges. Uniswap, a …

Compared with existing payment systems, Bitcoin's throughput is low. Designed to address
Bitcoin's scalability challenge, the Lightning Network (LN) is a protocol allowing two parties …

Abstract Decentralized Autonomous Organizations (" DAOs'') are crypto-native organizations
run without centralized management. Instead, managerial and financial decisions are made …

A widespread approach to measuring the innovative capacity of companies, sectors, and
regions is the analysis of patents and trademarks or the use of surveys. In emerging digital …