Skip to Content

en | de

Demelza Hays

Avatar

Demelza Hays has been conducting research in the field of crypto-related assets since 2013. In addition to teaching a course on cryptocurrency at the University of Liechtenstein, Ms. Hays regularly presents and writes on the topic of cryptocurrencies. Her work has been published in several distinguished print and online magazines including Forbes, Der Standard, and the Frankfurter Allgemeine Zeitung.

John Tromp: Making Computer Science Great Again

“PoW (Proof-of-Work) makes for a fairer coin distribution as everyone has to compete on equal terms. A constant reward, resulting in linear emission, extends this fair competition across all times.” John Tromp Key Takeaways Cuckoo Cycle is memory-bound Proof of Work mining algorithm that tries to find a cycle within a particular type of graph,…

Cryptocurrency Mining in Theory and Practice

“The purpose of mining is not the creation of new bitcoin. That’s the incentive system. Mining is the mechanism by which bitcoin’s security is decentralized.” Andreas M. Antonopoulos Key Takeaways Cryptocurrency Mining can be seen as global arbitrage on electricity prices. Mining firms can strike lucrative deals with energy providers in Switzerland, the U.S., and Scandinavia….

Equity Tokens

“Fractional ownership is not unique to blockchain, in fact, it’s not even unique to this century. Joint ownership dates back to the Roman Republic, or the Dutch East India Company in more modern times. However, some assets classes such as commercial real estate and fine art continue to be characterized by high unit costs. A…

Smart Contracts

“A smart contract is a computer program that directly controls some kind of digital asset… The smart contract approach says instead of a legal contract, immediately transfer the digital asset into a program, the program automatically will run code, validate a condition, and determine whether the asset should go to one person or back to…

ETH, NEO, ADA, & EOS

“2019’s Trillion Dollar Question: How to merge Blockchains? Yanislav Malahov, Aeternity Smart Contract Platforms: Who’s the Smartest in Town? Grandmother Bitcoin has birthed powerful ecosystems – first and foremost, the Ethereum empire. From July to August in 2014, the Ethereum Foundation launched an Initial Coin Offering to promote its concept to Bitcoin owners. As we…

Legal Aspects and Regulatory Issues of Cryptocurrencies – EU Perspective

In a presentation at the Federal Reserve Bank of Cleveland, Demelza Hays talked about the legal aspects and regulatory issues of cryptocurrencies in Europe. Read the complete presentation here: Download Presentation

Consensus Mechanisms

In cryptography, there is a theory that states that anything that can be done with a central party, can also be done without a central party. This refers to voting, auctions, banking, etc. For example, OpenBazaar is a decentralized version of eBay, Bisq is a decentralized version of Coinbase, and Bitcoin itself is a decentralized…

Blockchain 3.0 The Future of DLT?

“I do think Bitcoin is the first encrypted money that has the potential to do something like change the world.” Peter Thiel The Bitcoin blockchain is generally regarded as the original blockchain, since it is the first implementation of a new technology that is commonly described today as distributed ledger technology (DLT). The birth of…

Competing Currencies and Digital Money: How Hayekian Are Cryptocurrencies?

The Government Monopoly on Money – For a Long Time Unquestioned “I do not think that it is an exaggeration to say that history is largely a history of inflation, and usually of inflations engineered by governments and for the gain of governments.” Friedrich August von Hayek It is a truism that monopolies are detrimental…

War Within Bitcoin

“… Bitcoin is an excellent idea. It fulfills the needs of the complex system, not because it is a cryptocurrency, but precisely because it has no owner, no authority that can decide on its fate. It is owned by the crowd, its users. And it has now a track record of several years, enough for…

Premium Partners of the Crypto Research Report: