Cryptoasset networks: Flows and regular players in Bitcoin and XRP.

ABSTRACT: Cryptoassets flow among players as recorded in the ledger of blockchain for all the transactions, comprising a network of players as nodes and flows as edges. The last decade, on the other hand, has witnessed repeating bubbles and crashes of the price of cryptoassets in exchange markets with fiat currencies and other cryptos. We study the relationship between these two important aspects of dynamics, one in the bubble/crash of price and the other in the daily network of crypto, by investigating Bitcoin and XRP. We focus on "regular players" who frequently appear on a weekly basis during a period of time including bubble/crash, and quantify each player's role with respect to outgoing and incoming flows by defining flow-weighted frequency. During the most significant period of one-year starti

SUBMITTER: Aoyama H 

PROVIDER: S-EPMC9394853 | biostudies-literature | 2022

REPOSITORIES: biostudies-literature