The Effect of Consensus Algorithm on Ethereum Price and Volume
In Plain Terms
This study asks whether Ethereum’s September 2022 switch from energy-intensive proof-of-work to proof-of-stake affected its price and trading volume. Using a statistical “synthetic control” method to build a comparison baseline, the authors find the switch raised Ethereum’s price but had no meaningful effect on transaction volume. They suggest this is encouraging evidence that other blockchains could switch to proof-of-stake to attract investment while reducing environmental impact.
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Cite this
APA Ampel, B. M. (2023). The Effect of Consensus Algorithm on Ethereum Price and Volume. In Proceedings of the 29th Americas Conference on Information Systems (AMCIS).
BibTeX
@inproceedings{ampel2023the,
title={The Effect of Consensus Algorithm on Ethereum Price and Volume},
author={Benjamin M. Ampel},
booktitle={Proceedings of the 29th Americas Conference on Information Systems (AMCIS)},
year={2023}
}
Benjamin M. Ampel
Assistant Professor in Computer Information Systems and Director, Center for CyberAI Research (CCAIR)
My research focuses on AI-enabled Cybersecurity, including Cyber Threat Intelligence, Large Language Models, and Phishing Detection.