We explain the mechanics of smart contracts. We then highlight the benefits of smart
contracts, such as overcoming commitment problems. We also discuss limitations, such as …

We survey extant literature on the economics of blockchain fundamentals, with particular
focus on Bitcoin, proof-of-work, and proof-of-stake. We formally clarify Bitcoin's economic …

A currency's essential feature is to be a medium of exchange. This study explores the
potential of cryptocurrencies to be used in daily transactions in El Salvador, the first country …

The intersection of finance and technology, known as fintech, has resulted in the dramatic
growth of innovations and has changed the entire financial landscape. While fintech has a …

We develop a dynamic asset pricing model of cryptocurrencies/tokens that allow users to
conduct peer-to-peer transactions on digital platforms. The equilibrium price of tokens is …

With the emergence and popularity of non-fungible tokens (NFTs), the luxury brand industry
has experienced an increase in their use of NFTs. This study employs multiple-case studies …

This paper explores the dynamic connectedness between Defi assets and sector stock
markets focused around the COVID-19 pandemic crisis. For that aim, this research applies …

The rise of centralized mining pools for risk sharing does not necessarily undermine the
decentralization required for blockchains: because of miners' cross-pool diversification and …

We model cryptocurrencies as utility tokens used by a decentralized digital platform to
facilitate transactions between users of certain goods or services. The network effect …

We present the first systematic approach to detect fake transactions on cryptocurrency
exchanges by exploiting robust statistical and behavioral regularities associated with …