Kim, Daehan; Ryu, Doojin; Webb, Robert I. - In: Financial innovation : FIN 10 (2024), pp. 1-15
the security outcome of the Bitcoin blockchain. We use vector error correction modeling to analyze the endogenous … relationships between the hashrate, Bitcoin price, and transaction fee, revealing the need for an additional variable to achieve our … aim. Employing a measure summarizing the growth of demand factors in the Bitcoin ecosystem indicates that hashrate …