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The last decade has been marked by the evolution of cryptocurrencies, which have captured the interest of the public through the offered opportunities and the feeling of freedom, resulting from decentralization and lack of authority to…

Cryptography and Security · Computer Science 2024-03-04 Arunkumar Velayudhan Pillai

In this study the cross-correlations between the cryptocurrency market represented by the two most liquid and highest-capitalized cryptocurrencies: bitcoin and ethereum, on the one side, and the instruments representing the traditional…

Statistical Finance · Quantitative Finance 2023-03-02 Marcin Wątorek , Jarosław Kwapień , Stanisław Drożdż

Blockchain technology, a foundational distributed ledger system, enables secure and transparent multi-party transactions. Despite its advantages, blockchain networks are susceptible to anomalies and frauds, posing significant risks to their…

Cryptography and Security · Computer Science 2024-02-20 Joerg Osterrieder , Stephen Chan , Jeffrey Chu , Yuanyuan Zhang , Branka Hadji Misheva , Codruta Mare

Crypto-assets are a main segment of electronic markets, with growing trade volume and market share, yet there's no unified and comprehensive asset level taxonomy framework. This paper develops a multidimensional taxonomy for crypto-assets…

Cryptography and Security · Computer Science 2026-02-06 Xiao Zhang , Juan Ignacio Ibañez , Jiahua Xu

This research paper presents a thorough economic analysis of Bitcoin and its impact. We delve into fundamental principles, and technological evolution into a prominent decentralized digital currency. Analysing Bitcoin's economic dynamics,…

General Economics · Economics 2023-10-18 Ishmeet Matharoo

A cryptocurrency is a decentralized digital currency that is designed for secure and private asset transfer and storage. As a currency, it should be difficult to counterfeit and double-spend. In this paper, we review and analyze the major…

Cryptography and Security · Computer Science 2019-04-26 Ehab Zaghloul , Tongtong Li , Matt Mutka , Jian Ren

This paper examines the dynamics of the cryptocurrency market and proposes a novel blockchain-based protocol for real estate transactions. Our analysis includes a detailed review of price trends, volatility, and correlations within the…

Blockchain has become a popular emergent technology in many industries. It is suitable for a broad range of applications, from its base role as an immutable distributed ledger to the deployment of distributed applications. Many…

Cryptography and Security · Computer Science 2022-12-20 Inwon Kang , Aparna Gupta , Oshani Seneviratne

As a disruptive technology, blockchain, particularly its original form of bitcoin as a type of digital currency, has attracted great attentions. The innovative distributed decision making and security mechanism lay the technical foundation…

Cryptography and Security · Computer Science 2018-12-21 Ameer Tamoor Khan , Xinwei Cao , Shuai Li

This article suggests that the worldwide relevance of blockchain technology is motivated by the changes that it is expected to cause in: (i) the way that business is organised and (ii) regulated, as well as (iii) by the way that it changes…

Computers and Society · Computer Science 2018-03-12 Ruzanna Chitchyan , Jordan Murkin

The cryptocurrency market is unique on many levels: Very volatile, frequently changing market structure, emerging and vanishing of cryptocurrencies on a daily level. Following its development became a difficult task with the success of…

Statistical Finance · Quantitative Finance 2020-09-22 Simon Trimborn , Wolfgang Karl Härdle

Blockchain technology has rapidly emerged to mainstream attention, while its publicly accessible, heterogeneous, massive-volume, and temporal data are reminiscent of the complex dynamics encountered during the last decade of big data.…

Cryptography and Security · Computer Science 2024-04-30 Poupak Azad , Cuneyt Gurcan Akcora , Arijit Khan

Since its conception, the cryptocurrency market has been frequently described as an immature market, characterized by significant swings in volatility and occasionally described as lacking rhyme or reason. There has been great speculation…

Statistical Finance · Quantitative Finance 2023-06-14 Nick James , Max Menzies

Blockchain systems run consensus rules as code to agree on the state of the distributed ledger and secure the network. Changing these rules can be risky and challenging. In addition, it can often be controversial and take much effort to…

Distributed, Parallel, and Cluster Computing · Computer Science 2024-02-15 Jakob Svennevik Notland , Mariusz Nowostawski , Jingyue Li

Blockchain technology has emerged as a transformative paradigm for decentralized and secure data management across diverse application domains, including healthcare, supply chain management, and the Internet of Things. Its core features,…

Cryptography and Security · Computer Science 2025-05-14 Hojer Key

Blockchain has received expanding interest from various domains. Institutions, enterprises, governments, and agencies are interested in Blockchain potential to augment their software systems. The unique requirements and characteristics of…

Software Engineering · Computer Science 2021-12-15 Mahdi Fahmideh , Anuradha Gunawardana , Shiping Chen , Jun Shen , Brian Yecies

This paper distinguishes between risk resonance and risk diversification relationships in the cryptocurrency market based on the newly developed asymmetric breakpoint approach, and analyzes the risk propagation mechanism among…

Risk Management · Quantitative Finance 2026-05-19 Wenjie Lan

Cryptocurrencies are examined through the asset flow equations and experimental asset markets. Since tangible value of a typical cryptocurrency is non-existent, the theory suggests that price will gravitate toward liquidity value, i.e., the…

Mathematical Finance · Quantitative Finance 2018-02-28 Carey Caginalp , Gunduz Caginalp

We develop the first basic Operational Risk perspective on key risk management issues associated with the development of new forms of electronic currency in the real economy. In particular, we focus on understanding the development of new…

Risk Management · Quantitative Finance 2014-09-05 Gareth W. Peters , Ariane Chapelle , Efstathios Panayi

Bitcoins have emerged as a possible competitor to usual currencies, but other crypto-currencies have likewise appeared as competitors to the Bitcoin currency. The expanding market of crypto-currencies now involves capital equivalent to…

Physics and Society · Physics 2014-03-26 Stefan Bornholdt , Kim Sneppen