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This paper discusses the mechanisms of cryptocurrency, the idea of using security in the system, and the popularity of it. To begin, the authors provide a background on cryptocurrency and how it works. The authors understand that while most…

密码学与安全 · 计算机科学 2023-10-18 Chelsea Medina , Lily Shaw , Dissy Vargas , Sundar Krishnan

Despite being described as a medium of exchange, cryptocurrencies do not have the typical attributes of a medium of exchange. Consequently, cryptocurrencies are more appropriately described as crypto assets. A common investment attribute…

风险管理 · 定量金融 2021-11-15 Yuan Hu , Svetlozar T. Rachev , Frank J. Fabozzi

With the growing popularity and rising value of cryptocurrencies, skepticism surrounding this groundbreaking innovation persists. Many financial and business experts argue that the value created in the cryptocurrency realm resembles the…

密码学与安全 · 计算机科学 2025-01-22 Mahya Karbalaii

The cryptocurrency market is amongst the fastest-growing of all the financial markets in the world. Unlike traditional markets, such as equities, foreign exchange and commodities, cryptocurrency market is considered to have larger…

综合金融 · 定量金融 2020-04-06 Fan Fang , Waichung Chung , Carmine Ventre , Michail Basios , Leslie Kanthan , Lingbo Li , Fan Wu

Bitcoin is a digital financial asset that is devoid of a central authority. This makes it distinct from traditional financial assets in a number of ways. For instance, the total number of tokens is limited and it has not explicit use value.…

统计金融 · 定量金融 2020-05-20 C. R. da Cunha , R. da Silva

Cryptocurrencies have evolved into an important asset class, providing a variety of benefits. However, they also present significant risks, such as market volatility and the potential for misuse in illegal activities. These risks underline…

计算机与社会 · 计算机科学 2024-07-02 Xihan Xiong , Junliang Luo

A term structure model in which the short rate is zero is developed as a candidate for a theory of cryptocurrency interest rates. The price processes of crypto discount bonds are worked out, along with expressions for the instantaneous…

数理金融 · 定量金融 2019-12-18 Dorje C. Brody , Lane P. Hughston , Bernhard K. Meister

Historically, gold and silver have played distinct roles in traditional monetary systems. While gold has primarily been revered as a superior store of value, prompting individuals to hoard it, silver has commonly been used as a medium of…

计算工程、金融与科学 · 计算机科学 2025-08-11 Haoyang Yu , Yutong Sun , Yulin Liu , Luyao Zhang

Cryptocurrencies as a new way of transferring assets and securing financial transactions have gained popularity in recent years. Transactions in cryptocurrencies are publicly available, hence, statistical studies on different aspects of…

社会与信息网络 · 计算机科学 2019-09-17 Amir Pasha Motamed , Behnam Bahrak

Digital wallet as a software program or a digital device allows users to conduct various transactions. Hot and cold digital wallets are considered as two types of this wallet. Digital wallets need an online connection fall into the first…

密码学与安全 · 计算机科学 2023-03-24 Ehsan Nowroozi , Seyedsadra Seyedshoari , Yassine Mekdad , Erkay Savas , Mauro Conti

The world of cryptocurrency is not transparent enough though it was established for innate transparent tracking of capital flows. The most contributing factor is the violation of securities laws and scam in Initial Coin Offering (ICO) which…

综合金融 · 定量金融 2018-09-11 Sheikh Rabiul Islam

Cryptocurrency is something that we have all heard about recently, most likely preceded by bitcoin, and how much its prices have boomed over the decade. These cryptocurrencies are actually based on blockchain, a secure datatype, and…

密码学与安全 · 计算机科学 2023-03-13 Nayak Bhatia , Sanchit Bansal , Smit Desai

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…

统计金融 · 定量金融 2023-03-02 Marcin Wątorek , Jarosław Kwapień , Stanisław Drożdż

The internet era has generated a requirement for low cost, anonymous and rapidly verifiable transactions to be used for online barter, and fast settling money have emerged as a consequence. For the most part, e-money has fulfilled this…

密码学与安全 · 计算机科学 2015-08-19 Gareth W. Peters , Efstathios Panayi , Ariane Chapelle

Cryptocurrency is a novel exploration of a form of currency that proposes a decentralized electronic payment scheme based on blockchain technology and cryptographic theory. While cryptocurrency has the security characteristics of being…

密码学与安全 · 计算机科学 2025-03-31 Zekai Liu , Xiaoqi Li

Cryptocurrencies aim to replicate physical cash in the digital realm while removing centralized and trusted intermediaries. Decentralization is achieved by the blockchain, a permanent public ledger that contains a record of every…

密码学与安全 · 计算机科学 2024-06-04 Domokos Miklós Kelen , István András Seres

The measurement of the velocity of money is still a significant topic. In this paper, we proposed a method to calculate the velocity of money by combining the holding-time distribution and lifespan distribution. By derivation, the velocity…

综合经济学 · 经济学 2024-06-25 Yu Zhang , Mostafa Chegeni , Claudio Tessone

Explaining changes in bitcoin's price and predicting its future have been the foci of many research studies. In contrast, far less attention has been paid to the relationship between bitcoin's mining costs and its price. One popular notion…

综合经济学 · 经济学 2022-04-28 John E. Marthinsen , Steven R. Gordon

Quantum money represents an innovative approach to currency by encoding economic value within the quantum states of physical systems, utilizing the principles of quantum mechanics to enhance security, integrity, and transferability. This…

量子物理 · 物理学 2025-07-15 Artur Czerwinski

We discuss numerous justifications for why crypto-currencies would be highly conducive for the smooth functioning of today's society. We provide several comparisons between cryptocurrencies issued by blockchain projects, crypto, and…

综合经济学 · 经济学 2023-07-18 Ravi Kashyap