Darwin Among the Cryptocurrencies

The paper highlights some commonalities between the development of cryptocurrencies and the evolution of ecosystems. Concepts from evolutionary finance embedded in toy models consistent with stylized facts are employed to understand what survival of the fittest means in cryptofinance. Stylized facts...

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Bibliographic Details
Published in:arXiv.org 2022-02
Main Authors: Meister, Bernhard K, Price, Henry C W
Format: Article
Language:English
Subjects:
Digital currencies
Finance
Scaling laws
Online Access:Get full text
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Summary:The paper highlights some commonalities between the development of cryptocurrencies and the evolution of ecosystems. Concepts from evolutionary finance embedded in toy models consistent with stylized facts are employed to understand what survival of the fittest means in cryptofinance. Stylized facts for ownership, trading volume and market capitalization of cryptocurrencies are selectively presented in terms of scaling laws.
ISSN:2331-8422