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EVALUATING THE MARKET PERCEPTION OF PROOF OF WORK AND PROOF OF STAKE PROTOCOLS: A DIFFERENCE-IN-DIFFERENCE ANALYSIS
| Title: | EVALUATING THE MARKET PERCEPTION OF PROOF OF WORK AND PROOF OF STAKE PROTOCOLS: A DIFFERENCE-IN-DIFFERENCE ANALYSIS. |
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| Name(s): |
Mirsky, Nicolas Aaron , author Luther, William , Thesis advisor Florida Atlantic University, Degree grantor Department of Economics College of Business |
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| Type of Resource: | text | |
| Genre: | Electronic Thesis Or Dissertation | |
| Date Created: | 2024 | |
| Date Issued: | 2024 | |
| Publisher: | Florida Atlantic University | |
| Place of Publication: | Boca Raton, Fla. | |
| Physical Form: | application/pdf | |
| Extent: | 57 P. | |
| Language(s): | English | |
| Abstract/Description: | I assessed the impact of the Merge in Ethereum by analyzing the change in its market capitalization following the event. This study can provide insights into market preferences for proof-of-work versus proof-of-stake protocols. A difference-in-difference analysis was conducted, using Ethereum Classic as the control group and Ethereum as the treatment group to estimate the local average treatment effect following the Merge as the intervention. As a robustness check, the analysis was repeated using the Top 100 cryptocurrencies as the control group. I find no evidence that the Merge improved the market capitalization of Ethereum relative to Ethereum Classic or the Top 100 cryptocurrencies. | |
| Identifier: | FA00014447 (IID) | |
| Degree granted: | Dissertation (PhD)--Florida Atlantic University, 2024. | |
| Collection: | FAU Electronic Theses and Dissertations Collection | |
| Note(s): | Includes bibliography. | |
| Subject(s): |
Ethereum Blockchains (Databases) Economics |
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| Persistent Link to This Record: | http://purl.flvc.org/fau/fd/FA00014447 | |
| Use and Reproduction: | Copyright © is held by the author with permission granted to Florida Atlantic University to digitize, archive and distribute this item for non-profit research and educational purposes. Any reuse of this item in excess of fair use or other copyright exemptions requires permission of the copyright holder. | |
| Use and Reproduction: | http://rightsstatements.org/vocab/InC/1.0/ | |
| Host Institution: | FAU |
