Osiris researchers have developed first-of-a-kind valuation model for PoW coins.
In this study, a mathematical model of proof-of-work cryptocurrency valuation is developed based on the concepts of simultaneous equilibria in two mining games, the purchasing power parity in the system of equations of exchange and the network effects of transaction cost optimisation in the economy where agents utilise both conventional and digital currencies to process payments. The model lays the foundation for rigorous long-term proof-of-work cryptocurrency valuation superior to existing approaches that are solely based on variations of Metcalfe’s law or costs of mining. Based on the model, the long-term Bitcoin equilibrium price conditional on current block size limit is $106, while if the block size limit is abandoned, the conditional equilibrium price is $6725. Network hashrate is consistent with the no-limit scenario, while the transaction fees are consistent with the status quo, revealing an important source of uncertainty on the market. The developed framework is also applied to the measure the net social value of proof-of-work cryptocurrencies, and Bitcoin long-term social value of equilibrium is shown to be positive at $126,200 per block. The comparison of equilibrium and optimal cases shows that external intervention is not necessary to guarantee socially beneficial outcomes.
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Cryptocurrencies who are making the move to the new Binance Chain DEX are seeing some impressive price gains
Binance exchange has decided to delist and cease trading on all trading pairs for Bitcoin SV (BCHSV) starting from April 22nd, 2019.
Not only are institutional investors from Wall Street getting into crypto with the likes of institutional digital asset platforms like Bakkt and Fidelity coming to market, but Harvard University is making its move into crypto as well.
Recently, it was announced that several banks would join the SBI-backed Money Tap app for the purposes of bettering cashless payments for small transfers, using Ripple’s xCurrent product. Resona Bank is the first bank to discontinue their participation on Money Tap.
The latest report by Dapp.com shows that TRON continues to lead when it comes to user activity, with more than 300,000 active users.