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I've studied a real case of BTC, ETH and XNO being used as a Mean of Exchange (MoE) for borderless payments from a pool to their workers/miners

All Cryptocurrencies

by COINS NEWS 112 Views

Case Study: A look at 337 days of decentralized cash payments

"In this study I present an empirical analysis of the experience of payments with bitcoin, ether and nano; carried out on the 2Miners mining pool for its Ethereum miners. Through real data collected over a period of 11 months, I intend to illustrate, with a real use case, the advantages related to the adoption of decentralized money as a tool for payments and transactions - boosted by high frequency, in small amounts, in the peer-to-peer format. Will be considered: Qualitative, quantitative and economic analysis; in addition to the definition and explanation of the business model. The data used were collected by the nano cryptocurrency community and freely shared on forums and social networks, collected manually during the research. Payment transactions are registered on a public and permissionless blockchain."

Feel free to use the data, graphs, snippets, or any relevant insights you take from this material for whatever purpose you wish (commercial or otherwise).

I believe that it can be of great value to study the dynamics of currency being used and chosen by the parts involved in the transactions. Showing and thinking about the reasons the miners had to make their own voluntary choices.

Most of the data was collected with the help of community members, so thank you a lot for everyone that made this possible!

Substack Post β€” Part One

Substack Post β€” Part Two

Full Report in .pdf document

Annex 1 β€” Data consolidation

Hope you enjoy the reading!

\*It was written in* Portuguese (BR) originally, and later translated to english.

submitted by /u/vinibarbosa
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