https://github.com/decrypto-org/egalitarianism
Cryptocurrency egalitarianism: A quantitative approach
https://github.com/decrypto-org/egalitarianism
cryptocurrency egalitarianism mining proof-of-stake proof-of-work
Last synced: 6 months ago
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Cryptocurrency egalitarianism: A quantitative approach
- Host: GitHub
- URL: https://github.com/decrypto-org/egalitarianism
- Owner: decrypto-org
- License: other
- Created: 2018-12-22T18:54:02.000Z (almost 7 years ago)
- Default Branch: master
- Last Pushed: 2019-07-11T11:58:08.000Z (about 6 years ago)
- Last Synced: 2025-02-16T14:55:10.418Z (8 months ago)
- Topics: cryptocurrency, egalitarianism, mining, proof-of-stake, proof-of-work
- Language: TeX
- Homepage:
- Size: 8.08 MB
- Stars: 7
- Watchers: 6
- Forks: 1
- Open Issues: 1
-
Metadata Files:
- Readme: README.md
- License: LICENSE
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README
# Cryptocurrency egalitarianism: A quantitative approach
In this paper, we define the economic notion of cryptocurrency
"egalitarianism". We provide measurements of the egalitarianism of various
proof-of-work-based cryptocurrencies, including BTC, ETH and XMR. We find that
cryptocurrencies which were designed to be more egalitarian through memory
hardness indeed achieve this and quantify how successful each one is. We
measure the egalitarianism of two proof-of-stake-based cryptocurrencies, DCR
and ADA. Perhaps contrary to folklore belief, we find that proof-of-stake is
perfectly egalitarian in our model.
## Simulation
### Installation
1. Install [pipenv](https://github.com/pypa/pipenv).
2. `cd simulation && pipenv install`
### Usage
```
usage: egalitarianism.py [-h] [-c {btc,eth,xmr,ltc,dcr}]
[-s {tech,electricity,dp,reinvest}] -d DIFFICULTY -b
COINBASE -k KWH -r RATE -p CAPITAL [-t TIME] -f FILE
[--export] [--version]
Cryptocurrency egalitarianism: A quantitative approach
optional arguments:
-h, --help show this help message and exit
-c {btc,eth,xmr,ltc,dcr}, --currency {btc,eth,xmr,ltc,dcr}
Currency (default: btc)
-s {tech,electricity,dp,reinvest}, --strategy {tech,electricity,dp,reinvest}
Strategy of invenstment (default: dp)
-d DIFFICULTY, --difficulty DIFFICULTY
Block difficulty (required)
-b COINBASE, --coinbase COINBASE
Coinbase (required)
-k KWH, --kwh KWH Price per kilowatt per hour (required)
-r RATE, --rate RATE Currency price in fiat (required)
-p CAPITAL, --capital CAPITAL
Capital of invenstment (required)
-t TIME, --time TIME Total time of operation in months (default: 12)
-f FILE, --file FILE The path of the file that contains the specs of each
hardware (required). Each hardware should contain the
following fields: product, hash / s, watt, price
--export Export hardware (latex table format)
--version show program's version number and exit
```
### Examples
#### BTC
`pipenv run python egalitarianism.py -f ./data/btc.csv -d 5106422924659.82 -b 12.5 -k 0.08 -r 4074.25 -p 10000`
#### ETH
`pipenv run python egalitarianism.py -f ./data/eth.csv -c eth -d 2529724525783320 -b 3 -k 0.08 -r 126.12 -p 10000`
#### XMR
`pipenv run python egalitarianism.py -f ./data/xmr.csv -c xmr -d 44453209154 -b 3.37 -k 0.08 -r 47.27 -p 10000`
#### LTC
`pipenv run python egalitarianism.py -f ./data/ltc.csv -c ltc -d 5980879 -b 25 -k 0.08 -r 32.10 -p 10000`
#### DCR
`pipenv run python egalitarianism.py -f ./data/dcr.csv -c dcr -d 13034411457.7978 -b 11.38 -k 0.08 -r 16.62 -p 10000`
### Docker
#### Build
`docker build -t egalitarianism .`
#### Run
`docker run -it egalitarianism`