Blockchain consensus protocols, energy consumption and cryptocurrency pricing – Journal of Energy Markets – Risk.net
Blockchain consensus protocols, energy consumption and cryptocurrency pricing – Journal of Energy Markets – Risk.net
Blockchain consensus protocols, energy consumption and cryptocurrency pricing – Journal of Energy Markets We classify PoW, Hybrid and PoS as high, medium and low power consumption blockchain consensus protocols. We use portfolio analysis to explore whether energy is a fundamental risk factor for cryptocurrencies. The hybrid consensus protocol generates significantly higher average yields than the…