Advances in blockchain and crypto economics
Over the past decade, blockchains and cryptocurrencies have taken a central stage in
financial technology (FinTech) innovation. In 2020–2021, as the academic finance and …
financial technology (FinTech) innovation. In 2020–2021, as the academic finance and …
Permissioned distributed ledgers and the governance of money
We explore the economics and optimal design of “permissioned” distributed ledger
technology (DLT) in a credit economy. Designated validators verify transactions and update …
technology (DLT) in a credit economy. Designated validators verify transactions and update …
Direct evidence of bitcoin wash trading
We use the internal trading records of a major Bitcoin exchange leaked by hackers to detect
and characterize wash trading—a type of market manipulation in which a single trader …
and characterize wash trading—a type of market manipulation in which a single trader …
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 …
Staking pools on blockchains
H Gersbach, A Mamageishvili, M Schneider - ar** rights are entrusted to a committee of …
" Zero Cost''Majority Attacks on Permissionless Blockchains
JS Gans, H Halaburda - 2023 - nber.org
The core premise of permissionless blockchains is their reliable and secure operation
without the need to trust any individual agent. At the heart of blockchain consensus …
without the need to trust any individual agent. At the heart of blockchain consensus …
Committee-based blockchains as games between opportunistic players and adversaries
Y Amoussou-Guenou, B Biais… - The Review of …, 2024 - academic.oup.com
We study consensus in a protocol capturing in a simplified manner the major features of the
majority of Proof of Stake blockchains. A committee is formed; one member proposes a …
majority of Proof of Stake blockchains. A committee is formed; one member proposes a …
On blockchain we cooperate: an evolutionary game perspective
Cooperation is fundamental for human prosperity. Blockchain, as a trust machine, is a
cooperative institution in cyberspace that supports cooperation through distributed trust with …
cooperative institution in cyberspace that supports cooperation through distributed trust with …