Blockchain Papers

Arash Rezazadeh, René Bohnsack

No abstract is available for this record.

Vanessa Villanueva Collao

No abstract is available for this record.

Hanane Echchaoui, Rachid Boudour

No abstract is available for this record.

Tobias Berg, Jan Keil, Felix Martini, Manju Puri

No abstract is available for this record.

David Černý

The aim of this thesis is to explore the price dynamics of Bitcoin and Ethereum with special emphasis on the role of transaction fees, which can provide insight into network congestion and user behaviour, and may also reflect the future economic viability of these networks. Previous research has shown intertwin- ing relationships between variables and suggested possible endogeneity in a cryptoasset environment. For these purposes, a system of two simultaneous equations for transaction fees and price was developed and subsequently esti- mated using the 2SLS method. The analysis covers relationships from both long-term and short-term perspectives. It turns out that the price dynamics of both assets is determined by a diverse mix of fundamental, economic and spec- ulative factors, despite the narrative that the price of cryptoassets is primarily driven by speculative factors. Furthermore, in the context of the fee-price re- lationship, it turned out that the relationship is a priori that the price impacts the fees, however, at some intervals, the opposite relationship is also shown, which is rather an exception. An important contribution could be the finding of a stable positive effect of the total number of active addresses in Bitcoin on transaction fees, which might bring new insights to the...

Yinhong Zhao

Delays in finance impose real costs, yet they are difficult to measure in traditional settings. Leveraging Ethereum's on-chain data and fee market, I estimate a structural queuing model that maps fee bids to time preferences and quantify delay costs in decentralized finance. The median transaction bears a 7.1 bps implicit cost, with costs highly skewed and totaling $9.88 million per day. Counterfactuals show that a flexible block gas limit as in EIP-1559 cuts the loss from delay by 32.9%, and doubling block frequency with half-size blocks cuts it by 13.6%. Combined, the two policies reduce losses by a striking 63.9%.

Wenxiao Yang, Zijun Shi, Song Lin

No abstract is available for this record.

Enrico Rossi

No abstract is available for this record.

Sebeom Oh

A nearly real-time, immutable blockchain audit trail is widely thought to deter market abuse, yet systematic evidence is scarce. Analyzing 7.4 million transactions from 561 NFT collections, which represent unique digital assets on public blockchains, I show that wash trading activity has a negligible impact on market outcomes. Rather than boosting the value of their own NFT collections, wash traders appear motivated by token reward programs offered by trading platforms. In contrast, purchases by apparent insiders predict positive returns for the associated collections. Transparent ledgers thus both neutralize obvious trade-based manipulation and give market participants enough information to detect insider activity.

Ammar Voloder, Monika di Angelo

No abstract is available for this record.

Asif Bhat, Rizal Mohd Nor, Md Amiruzzaman

No abstract is available for this record.

Chuxuan Fan

Decentralized Autonomous Organization (DAO) is a blockchain-based governance structure allowing all shareholders to participate in daily decision-making through voting on proposals. However, as centralization trends of blockchain documented in previous literature, voting delegation is on the rise for governance efficiency. This paper utilizes a DeFi company called MakerDAO to analyze the efficiency of such delegation design on DAO. Firstly, the delegates have demonstrated their expertise, thereby more likely to participate in voting and make well-informed choices. Secondly, voting delegates may prioritize personal interests over the collective interests of MakerDAO when their interest conflicted with MakerDAO is large enough and they gain sufficient voting power to influence the voting outcome. Thirdly, market monitoring can generally reward (punish) delegates for correct (wrong) votes through giving new or withdraw old delegations. What’s more, delegates with skills will be further rewarded. However, it remains challenging to consistently penalize delegates whose interests misalign with those of DAO, even when their holdings are transparently visible. This paper contributes to literatures on the evolutionary process of decentralized designed platform to be centralized or reintermediated.

Katarina Preikschat, Alexander Bödeker, Moritz Maurer, Patrick Sührer · 7 authors

No abstract is available for this record.

Linda Jo Bone Jeng, Christian Rome Lansang, Kristy Lam, Sean Lee · 5 authors

No abstract is available for this record.

Joana Pereira, M. Mahdi Tavalaei, Pedro L. Herrera, Boris Rebo

No abstract is available for this record.

Patrick Nicolas Tinguely, Yash Raj Shrestha

Abstract Non-fungible tokens (NFTs) are digital assets based on blockchain technology that are increasingly being used for various applications in organizations. Given NFTs’ unique technological features, we posit that traditional, centralized organizations can adopt them to introduce novel solutions to the fundamental problems of organizing, namely, division of labor and integration of efforts. We examine the prospects and promises of NFT-enabled organization design and suggest how organizations can navigate its potential hurdles. We discuss critical boundary conditions for the deployment of NFTs in organization design and conclude by articulating how our Point of View article contributes to scholarship on blockchain technology and decentralized autonomous organizations (DAOs).

Gurdip Kaur, Arash Habibi Lashkari, Iman Sharafaldin, Ziba Habibi Lashkari

No abstract is available for this record.

Ioannis Filippos Kanellopoulos, Dominik Gutt, Murat Tunç, Ting Li

No abstract is available for this record.

Lutz Anderie

No abstract is available for this record.

Cordelia Friesendorf, Alena Blütener

No abstract is available for this record.

Cordelia Friesendorf, Alena Blütener

No abstract is available for this record.

Cordelia Friesendorf, Alena Blütener

No abstract is available for this record.

Cordelia Friesendorf, Alena Blütener

No abstract is available for this record.

Frank Thole, Arthur Dill, Amadeus Maximilian Gryger

No abstract is available for this record.