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An analysis of empty blocks on Ethereum

Due to the structure of mining on proof-of-work-based blockchain networks, miners are incentivized to mine empty blocks. The Block has previously explained this game theory in our analysis of empty blocks on Bitcoin. On Bitcoin, empty blocks are a misnomer, as these blocks do include…

An analysis of decentralized exchange usage on Ethereum

Decentralized exchanges have been billed by some enthusiasts as the future of the crypto-ecosystem. The central theme behind decentralized exchanges is an environment with no third-party or intermediary between individuals wishing to make a transaction. Rather than a central authority acting as the exchange, applications…

The Interchange: Gell-Mann narratives and Pomplovian responses

Boy was that Deutsche Bank/Bitcoin bag photo saga one for the books.    You probably saw images of the snazzy suited banker walking out of Deutsche Bank’s London office building on the day of its announced 18,000-person headcount reduction, holding a bag with the impeccably…

An analysis of empty blocks on Bitcoin

Users of Bitcoin have consistently paid out tens to hundreds of thousands of dollars worth of transaction fees to miners on the Bitcoin network. As actors that are driven by incentives, miners should logically aim to maximize the number of transactions included in the blocks…

A look at Coinbase Custody and its staking service

Coinbase Custody launched its staking service for institutional clients in late April which allowed clients to tap into rewards offered by certain types of digital assets running on proof-of-stake networks. Tezos was the first network supported and remains the only PoS coin available for staking…

Is there a correlation between bitcoin and blockchain-related stocks?

Based on analysis by The Block, the correlation between the returns on blockchain-related stocks and bitcoin has been largely insignificant. A few stocks have shown small levels of correlation for brief periods of time, but in general, these companies appear to have little relationship to…

An analysis of SegWit’s impact on Bitcoin

Segregated Witness is one of the most significant and hotly debated protocol upgrades ever implemented into the Bitcoin protocol. Its implementation, along with other software upgrades, opened the protocol up to support new developments like the Lightning Network and Atomic Swaps. It has been nearly…