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Bitcoin and Ethereum: Two forks one story

On August 1st, Bitcoin (BTC) forked. A new cryptocurrency called Bitcoin Cash (BCH) appeared online when a bunch of Bitcoin miners created their own Blockchain network with updated rules. Interestingly, early in 2016 also Ethereum, currently the second crypto for market capitalisation, forked into Ether (ETH) and Ethereum Classic (ETC)

Blockchain: A Graph Primer

This post is an abridged version of our manuscript, which contains an additional section on Blockchain analysis. See the full version in PDF here. Bitcoin and its underlying technology Blockchain have become popular in recent years. Designed to facilitate a secure distributed platform without central authorities, Blockchain is heralded as

The Economics of Bitcoin Block Size

Bitcoin as a currency has proven its worth in last 8 years. It has the properties of ease of transfer, fungibility, divisibility, scarcity, and durability -which are missing in traditional fiat currencies as well as gold. However, it faces constant challenges from traditional payment systems, primarily regarding the maximum throughput

The Economics of Transaction Fees

Transaction fees have been dropping recently and have caused all manner of speculation about what is going on. In this article, I seek to examine what has been going on and what may have changed. Why Fees are High Transactions get into blocks, generally by offering higher fees than others.