Trust Dynamics and Market Behavior in Cryptocurrency: A Comparative Study of Centralized and Decentralized Exchanges

arXiv:2404.17227v1 Announce Type: cross
Abstract: In the evolving landscape of digital finance, the transition from centralized to decentralized trust mechanisms, primarily driven by blockchain technology, plays a critical role in shaping the cryptocurrency ecosystem. This paradigm shift raises questions about the traditional reliance on centralized trust and introduces a novel, decentralized trust framework built upon distributed networks. Our research delves into the consequences of this shift, particularly focusing on how incidents influence trust within cryptocurrency markets, thereby affecting trade behaviors …

arxiv blockchain critical cryptocurrency cs.ce cs.cr cs.cy decentralized digital digital finance econ.gn ecosystem exchanges finance market paradigm q-fin.ec q-fin.rm questions role study technology transition trust