L11 - Production, Pricing, and Market Structure; Size Distribution of Firms - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T22:05:51+00:00Why Fixed Costs Matter for Proof-of-Work Based Cryptocurrencies
https://www.bankofcanada.ca/2020/07/staff-working-paper-2020-27/
Can Bitcoin survive? Some say it will become vulnerable to attacks as the rewards for processing Bitcoin transactions continue to decline. The economics of fixed costs suggest the specialized hardware used to mine Bitcoin may be key to its survival.2020-07-06T14:15:40+00:00enWhy Fixed Costs Matter for Proof-of-Work Based Cryptocurrencies2020-07-06Digital currencies and fintechPayment clearing and settlement systemsStaff Working Paper 2020-27https://www.bankofcanada.ca/wp-content/uploads/2020/07/swp2020-27.pdfStaff Working Paper 2020-27Rodney J. GarrattMaarten van OordtJuly 2020GG1G10LL1L11