Sidechain and volatility of cryptocurrencies based on the blockchain technology

Olivier Hueber ()
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Olivier Hueber: GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique - UniCA - Université Côte d'Azur

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Abstract: A cryptocurrency market based on the blockchain technology is characterized by the coexistence of a steady-state supply and a volatile e-money's demand. In this study a cointegration test establishes a long-run relationship between the internal demand of Bitcoins and prices. From this result, we propose to restrain the intrinsic volatility of any cryptocurrency based on the Blockchain technology by introducing a sidechain pegged to the parent chain.

Keywords: Cryptomoney; Bitcoin; Sidechain; blockchain (search for similar items in EconPapers)
Date: 2019-09-04
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Citations: View citations in EconPapers (1)

Published in International Journal of Community Currency Research, 2019, 23 (2), pp.35-44

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02336542

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