FABI Michele (CREST) “Blockchain design with transmission delays”
FABI Michele (CREST) “Blockchain design with transmission delays”
Macro seminar Time : 12h15 - 13h30 Date : 27 November 2023 Salle 3001 FABI Michele (CREST) "Blockchain design with transmission delays" Abstract: I develop a parsimonious model of blockchain consensus with transmission delays. I characterize the optimal reward mechanism for miners, showing that it includes both seigniorage from token emissions and transaction fees. Seigniorage […]