Kyohei Okumura

Department of Economics, Northwestern University

2211 Campus Dr

Evanston, IL 60208

United States

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An Economic Analysis of Difficulty Adjustment Algorithms in Proof-of-Work Blockchain Systems

Number of pages: 54 Posted: 04 Jul 2019 Last Revised: 14 Aug 2020
Shunya Noda, Kyohei Okumura and Yoshinori Hashimoto
Vancouver School of Economics, University of British Columbia, Department of Economics, Northwestern University and BUIDL, Ltd.
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Abstract:

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Blockchain, Proof-of-Work, Difficulty Adjustment, Mining, Market Design