A brief introduction to blockchain economics
We introduce economic research on blockchains and its recent advances. In particular, we
highlight the (i) unifying concepts on blockchain as a decentralized consensus and its core …
highlight the (i) unifying concepts on blockchain as a decentralized consensus and its core …
Why fixed costs matter for proof-of-work–based cryptocurrencies
RJ Garratt, MRC van Oordt - Management Science, 2023 - pubsonline.informs.org
We assess how the cost structure of cryptocurrency mining affects the response of miners to
exchange rate fluctuations and the immutability of cryptocurrency ledgers that rely on proof …
exchange rate fluctuations and the immutability of cryptocurrency ledgers that rely on proof …
Corporate capture of blockchain governance
D Ferreira, J Li, R Nikolowa - The Review of Financial Studies, 2023 - academic.oup.com
We develop a theory of blockchain governance. In our model, the proof-of-work system, the
most common set of rules for validating transactions in blockchains, creates an industrial …
most common set of rules for validating transactions in blockchains, creates an industrial …
[PDF][PDF] Corporate Capture of Blockchain Governance
R Nikolowa, J Li, D Ferreira - The Review of Financial Studies, 2022 - qmro.qmul.ac.uk
We develop a theory of blockchain governance. In our model, the proof-of-work system,
which is the most common set of rules for validating transactions in blockchains, creates an …
which is the most common set of rules for validating transactions in blockchains, creates an …