VGSF - WU Vienna - LC

Antoinette Schoar, MIT Sloan School of Management

online via Zoom 17:00 - 18:15

Organizer VGSF

As part of the ser­ies of the "Fin­ance Re­search Sem­inar", VGSF wel­comes An­toinette Schoar from the MIT Sloan School of Man­age­ment to present her re­search pa­per.
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Block­chain Ana­lysis of the Bit­coin Mar­ket

In this pa­per, we provide de­tailed ana­lyses of the Bit­coin net­work and its main par­ti­cipants. We build a novel data­base us­ing a large num­ber of pub­lic and pro­pri­et­ary sources to link Bit­coin ad­dresses to real entit­ies and develop an ex­tens­ive suite of al­gorithms to ex­tract in­form­a­tion about the be­ha­vior of the main mar­ket par­ti­cipants. We con­duct three ma­jor pieces of ana­lysis of the Bit­coin eco-sys­tem. First, we ana­lyze the trans­ac­tion volume and net­work struc­ture of the main par­ti­cipants on the block­chain. Second, we doc­u­ment the con­cen­tra­tion and re­gional com­pos­i­tion of the miners which are the back­bone of the veri­fic­a­tion pro­to­col and en­sure the in­teg­rity of the block­chain ledger. Fi­nally, we ana­lyze the own­er­ship con­cen­tra­tion of the largest hold­ers of Bit­coin.

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