JEL Code
A12, B22, C12, C63
Abstract
This paper proposes an adaptation of Benjamin Graham's value investment formula to the context of Turing complete blockchains with proof-of-stake (PoS) consensus algorithm. The research examines the specific characteristics of these blockchains, taking into account metrics such as total value locked (TVL), Network Value to Transaction Ratio (NVT), average benchmark reward rate and annual rewards received for staking. A methodology will be developed that integrates Graham's fundamental principles with the economic and technical particularities of the crypto ecosystem, providing a robust framework for the evaluation of digital assets in these innovative environments.
Recommended Citation
Spinoglio, Francesco
(2025)
"A New Value Investment Formula for Turing Complete Blockchains with Proof of Stake Algorithm,"
Journal of New Finance: Vol. 3:
No.
2, Article 2.
DOI: 10.46671/2521-2486.1037
Available at:
https://jnf.ufm.edu/journal/vol3/iss2/2
Submission Date
7-7-2024
Approval Date
12-29-2024
Publication Date
1-2-2025