Cryptocurrency Survival Analysis

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F04274644%3A_____%2F20%3A%230000708" target="_blank" >RIV/04274644:_____/20:#0000708 - isvavai.cz</a>

Výsledek na webu

<a href="https://jai.pm-research.com/content/22/3/55" target="_blank" >https://jai.pm-research.com/content/22/3/55</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.3905/jai.2019.1.084" target="_blank" >10.3905/jai.2019.1.084</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Cryptocurrency Survival Analysis

Popis výsledku v původním jazyce

Cryptocurrencies are one of the greatest technological innovations. Cryptocurrencies are decentralized payment systems in which ownership is demonstrated cryptographically. An overview of ownership of payment units is stored in a data structure called blockchain. Of the thousands of cryptocurrencies, the best known are Bitcoin, Ethereum, Ripple, Litecoin, EOS, Cardano, NEO, Dash and Monero. In the past, new cryptocurrencies were most often created by modifying the parameters of another cryptocurrency and by launching their own blockchain. Nowadays, new cryptocurrencies are most commonly created as applications on another existing cryptocurrency. Such cryptocurrencies are called tokens. Creating a new cryptocurrency is easy, but its value depends on users’ willingness to pay for its units. If a cryptocurrency loses its users, it becomes worthless. In this article, we have analysed over 2500 cryptocurrencies that are or were previously traded on cryptocurrency exchanges. We have explored the probability that a cryptocurrency will not survive and will be de-listed from exchanges. For the different categories of cryptocurrencies according to their previous trading time on exchanges, we have determined the conditional probability of de-listing within 1 to 5 years. We found out that the new cryptocurrencies are the most risky. With the increasing age of the cryptocurrency, the probability of its de-listing decreases.

Název v anglickém jazyce

Cryptocurrency Survival Analysis

Popis výsledku anglicky

Cryptocurrencies are one of the greatest technological innovations. Cryptocurrencies are decentralized payment systems in which ownership is demonstrated cryptographically. An overview of ownership of payment units is stored in a data structure called blockchain. Of the thousands of cryptocurrencies, the best known are Bitcoin, Ethereum, Ripple, Litecoin, EOS, Cardano, NEO, Dash and Monero. In the past, new cryptocurrencies were most often created by modifying the parameters of another cryptocurrency and by launching their own blockchain. Nowadays, new cryptocurrencies are most commonly created as applications on another existing cryptocurrency. Such cryptocurrencies are called tokens. Creating a new cryptocurrency is easy, but its value depends on users’ willingness to pay for its units. If a cryptocurrency loses its users, it becomes worthless. In this article, we have analysed over 2500 cryptocurrencies that are or were previously traded on cryptocurrency exchanges. We have explored the probability that a cryptocurrency will not survive and will be de-listed from exchanges. For the different categories of cryptocurrencies according to their previous trading time on exchanges, we have determined the conditional probability of de-listing within 1 to 5 years. We found out that the new cryptocurrencies are the most risky. With the increasing age of the cryptocurrency, the probability of its de-listing decreases.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

10201 - Computer sciences, information science, bioinformathics (hardware development to be 2.2, social aspect to be 5.8)

Projekt

<a href="/cs/project/GA16-21506S" target="_blank" >GA16-21506S: Nové zdroje systémového rizika na finančních trzích</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2020

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

The Journal of Alternative Investments

ISSN

1520-3255

e-ISSN

—

Svazek periodika

22

Číslo periodika v rámci svazku

3

Stát vydavatele periodika

US - Spojené státy americké

Počet stran výsledku

10

Strana od-do

55-64

Kód UT WoS článku

000640077200006

EID výsledku v databázi Scopus

2-s2.0-85079370243