Abstract
This study conducts a formal analysis of the price creation mechanisms of Proof-of-Work (PoW) and non-PoW crypto assets revealing that the long-term market trend aligns with the rising production cost of Bitcoin supply. Enabling the utilization of computational power for solving real-world problems, similar to data centers, would facilitate the sustainability of the crypto-asset market. On the other hand, Proof-of-Stake crypto assets may serve as a practical tool for managing the collaboration between startups and venture capitalists. The second part of the analysis proposes a co-movement measure, which might be more efficient than correlation metrics for analyzing the similarity between financial time series of returns.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
