ISBN: 978-981-11-3671-9 DOI: 10.18178/wcse.2017.06.229
The Research on Bitcoin transaction fees based on Var model
Abstract— Bitcoin transaction fee is an important kind of transaction costs that can be observed. In this paper,
we address that the long-term effects of the demand are greater than that of the supply through empirical
analyses of the influence degree of computational power, the number of transactions and the price of bitcoin.
Based on the theory of supply and demand, there is a trend upward for bitcoin transaction fee in the future.
Index Terms— bitcoin, transaction fees, cost, VAR
Zheng Huang , Shuangcheng Li, Yunying Lu, Qing Wang
Beijing University of Posts and Telecommunications, CHINA
ISBN: 978-981-11-3671-9 DOI: 10.18178/wcse.2017.06.17Xsrc="http://www.wcse.org/uploadfile/2019/0823/20190823055609629.png" style="width: 120px; height: 68px;" />[Download]
Cite: Zheng Huang, Shuangcheng Li, Yunying Lu, Qing Wang, "The Research on Bitcoin transaction fees based on Var model," Proceedings of 2017 the 7th International Workshop on Computer Science and Engineering, pp. 1319-1323, Beijing, 25-27 June, 2017.