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Proof-Of-Work Consensus Under Exogenous Distress: Evidence from Mining Shocks in the Bitcoin Ecosystem

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  • Stinner, Jona
  • Tyrell, Marcel

Abstract

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  • Stinner, Jona & Tyrell, Marcel, 2022. "Proof-Of-Work Consensus Under Exogenous Distress: Evidence from Mining Shocks in the Bitcoin Ecosystem," VfS Annual Conference 2022 (Basel): Big Data in Economics 264115, Verein für Socialpolitik / German Economic Association.
    • Handle: RePEc:zbw:vfsc22:264115
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    File URL: https://www.econstor.eu/bitstream/10419/264115/1/vfs-2022-pid-70486.pdf
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    References listed on IDEAS

    as
    1. John M. Griffin & Amin Shams, 2020. "Is Bitcoin Really Untethered?," Journal of Finance, American Finance Association, vol. 75(4), pages 1913-1964, August.
    2. Igor Makarov & Antoinette Schoar, 2021. "Blockchain Analysis of the Bitcoin Market," NBER Working Papers 29396, National Bureau of Economic Research, Inc.
    3. Chiu, Jonathan & Koeppl, Thorsten V, 2017. "The economics of cryptocurrencies – bitcoin and beyond," Working Paper Series 6688, Victoria University of Wellington, School of Economics and Finance.
    4. Jonathan Chiu & Thorsten V. Koeppl, 2017. "The Economics Of Cryptocurrencies - Bitcoin And Beyond," Working Paper 1389, Economics Department, Queen's University.
    5. Jacob D. Leshno & Philipp Strack, 2020. "Bitcoin: An Axiomatic Approach and an Impossibility Theorem," American Economic Review: Insights, American Economic Association, vol. 2(3), pages 269-286, September.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Kim, Daehan & Ryu, Doojin & Webb, Robert I., 2023. "Determination of equilibrium transaction fees in the Bitcoin network: A rank-order contest," International Review of Financial Analysis, Elsevier, vol. 86(C).

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    More about this item

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • D41 - Microeconomics - - Market Structure, Pricing, and Design - - - Perfect Competition
    • D85 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Network Formation

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