From mining to markets: The evolution of bitcoin transaction fees

Easley David; OHara Maureen; Basu Soumya

首页> 外文期刊>Journal of financial economics >From mining to markets: The evolution of bitcoin transaction fees

【24h】

From mining to markets: The evolution of bitcoin transaction fees

机译：从采矿到市场：比特币交易费用的演变

获取原文

获取原文并翻译 | 示例

掌桥外文数据库（机构版） >>

开具论文收录证明 >>

文献代查 >>

页面导航

摘要
著录项
相似文献
相关主题

摘要

We investigate the role that transaction fees play in the bitcoin blockchain's evolution from a mining-based structure to a market-based ecology. We develop a game-theoretic model to explain the factors leading to the emergence of transactions fees, as well as to explain the strategic behavior of miners and users. Our model highlights the role played by mining rewards, transaction fees, price, and waiting time, discusses welfare issues, and examines how microstructure features such as exogenous structural constraints influence the dynamics of user participation on the blockchain. We provide empirical evidence on the model's predictions and discuss implications for bitcoin's evolution. (C) 2019 Elsevier B.V. All rights reserved.

机译：我们调查了交易费用在比特币区块链从基于采矿的结构向基于市场的生态系统的演变中所扮演的角色。我们开发了一种博弈论模型来解释导致交易费用出现的因素，并解释矿工和用户的战略行为。我们的模型突出了挖掘奖励，交易费用，价格和等待时间所扮演的角色，讨论了福利问题，并研究了微观结构特征（例如外部结构约束）如何影响用户参与区块链的动态。我们提供有关模型预测的经验证据，并讨论对比特币演变的影响。（C）2019 Elsevier B.V.保留所有权利。

著录项

来源
《Journal of financial economics》 |2019年第1期|91-109|共19页
作者
Easley David; OHara Maureen; Basu Soumya;
展开▼
作者单位

Cornell Univ Dept Econ Ithaca NY 14853 USA|Cornell Univ Dept Informat Sci Ithaca NY 14853 USA|Univ Technol Sydney Sydney NSW Australia;

Univ Technol Sydney Sydney NSW Australia|Cornell Univ Johnson Coll Business Ithaca NY 14853 USA|Cornell Univ Initiat Crypto Currencies & Contracts Ithaca NY 14853 USA;

Cornell Univ Initiat Crypto Currencies & Contracts Ithaca NY 14853 USA|Cornell Univ Dept Comp Sci Ithaca NY 14853 USA;

展开▼
收录信息
原文格式 PDF
正文语种 eng
中图分类
关键词
Bitcoin; Blockchain; Market microstructure; Transaction fees;

机译：比特币;区块链市场微观结构;交易费用;

相似文献

外文文献
中文文献
专利

1. AN OVERVIEW OF TECHNOLOGY EVOLUTION: INVESTIGATING THE FACTORS INFLUENCING NON-BITCOINS USERS TO ADOPT BITCOINS AS ONLINE PAYMENT TRANSACTION METHOD [J] . IBRAHIM ALMARASHDEH Journal of Theoretical and Applied Information Technology . 2018,第13期

机译：技术进步概述：调查影响非比特币用户使用比特币作为在线支付交易方法的因素
2. How investible is Bitcoin? Analyzing the liquidity and transaction costs of Bitcoin markets [J] . Dyhrberg Anne H., Foley Sean, Svec Jiri Economics letters . 2018,第OCTa期

机译：比特币的可投资性如何？分析比特币市场的流动性和交易成本
3. STABILITY OF TRANSACTION FEES IN BITCOIN: A SUPPLY AND DEMAND PERSPECTIVE [J] . Ilk Noyan, Shang Guangzhi, Fan Shaokun, MIS quarterly . 2021,第2期

机译：比特币交易费的稳定性：供需观点
4. Market Manipulation of Bitcoin: Evidence from Mining the Mt. Gox Transaction Network [C] . Weili Chen, Jun Wu, Zibin Zheng, IEEE Conference on Computer Communications . 2019

机译：比特币的市场操纵：来自采矿山的证据Gox交易网络
5. Transactions costs and the evolution of market completeness [D] . Jodhimani, Albert Gabriel Arulmani 1999

机译：交易成本和市场完整性的演变
6. Modeling and Simulation of the Economics of Mining in the Bitcoin Market [O] . Luisanna Cocco, Michele Marchesi -1

机译：比特币市场中采矿经济学的建模与仿真
7. With a transaction fee market and without a block size limit in Bitcoin network; there exists a Nash equilibrium points of the mining game [O] . 2020

机译：在比特币网络中没有交易费用市场，没有块尺寸限制;矿业游戏的纳什均衡点

From mining to markets: The evolution of bitcoin transaction fees

摘要

著录项

相似文献

相关主题

期刊订阅