Blockchain consensus mechanisms play a critical role in ensuring the security, decentralization, and integrity of distributed networks. As blockchain technology expands beyond cryptocurrencies into broader applications such as supply chain management and healthcare, the importance of efficient and scalable consensus algorithms has grown significantly. This study provides a comprehensive bibliometric analysis of blockchain and consensus mechanism research from 2014 to 2024, using tools such as VOSviewer and R’s Bibliometrix package. The analysis traces the evolution from foundational mechanisms like Proof of ork (PoW) to more advanced models such as Proof of Stake (PoS) and Byzantine Fault Tolerance (BFT), with particular emphasis on Ethereum’s “The Merge” in 2022, which marked the historic shift from PoW to PoS. Key findings highlight emerging themes, including scalability, security, and the integration of blockchain with state-of-the-art technologies like artificial intelligence (AI), the Internet of Things (IoT), and energy trading. The study also identifies influential authors, institutions, and countries, emphasizing the collaborative and interdisciplinary nature of blockchain research. Through thematic analysis, this review uncovers the challenges and opportunities in decentralized systems, underscoring the need for continued innovation in consensus mechanisms to address efficiency, sustainability, scalability, and privacy concerns. These insights offer a valuable foundation for future research aimed at advancing blockchain technology across various industries.

This paper studies the causal relationship between Bitcoin and other investment assets. We first test Granger causality and then calculate transfer entropy as an information-theoretic approach. Unlike the Granger causality test, we discover that transfer entropy clearly identifies causal interdependency between Bitcoin and other assets, including gold, stocks, and the U.S. dollar. However, for symbolic transfer entropy, the dynamic rise–fall pattern in return series shows an asymmetric information flow from other assets to Bitcoin. Our results imply that the Bitcoin market actively interacts with major asset markets, and its long-term equilibrium, as a nascent market, gradually synchronizes with that of other investment assets.

This study investigates the impact of consensus mechanism changes on cryptocurrency markets within the framework of the efficient market hypothesis, focusing on Ethereum’s transition from Proof-of-Work to Proof-of-Stake consensus, known as the Ethereum 2.0 ‘The Merge’ update. Two main hypotheses guide the enquiry: (i) ‘The Merge’ update will significantly enhance market efficiency and (ii) Ethereum’s updates will have a greater impact on market efficiency compared to other cryptocurrencies. Using the Hurst exponent’s R/S statistic, changes in Ethereum’s long-term memory characteristics before and after major hard forks are quantified. The analysis reveals substantial improvements in Ethereum’s market efficiency following the Ethereum 2.0 hard fork, attributed to the introduction of Proof-of-Stake, which enhanced transaction speed and built trust. These findings suggest a positive trajectory towards improved efficiency in Ethereum’s market, particularly with ‘The Merge’ update. In conclusion, this study contributes to understanding the role of consensus mechanisms in cryptocurrencies and provides insights into future market trends resulting from such changes.

Purpose: Antarctica is a region with extreme climate, characterized by extreme cold and photoperiod. No research has been conducted on the mental health of Korean Antarctic dispatchers. The aim of this study was to investigate the status of mental illness and changes in mood and sleep among Korean crew members staying for a long-term period in the Antarctic station. Methods: From 2017 to 2020, crew members who were dispatched from South Korea to two Antarctic stations for a one-year period participated in this study. The crew were evaluated for mood and sleep status and mental illness through psychological tests and interviews by board-certified psychiatrists once before departure and twice during their stay in Antarctica. The incidence of mental illness was confirmed and changes in sleep and depression were analyzed. Results: A total of 88 participants were included in the final analysis, and 7 of them (8.0%) were diagnosed with mental disorders such as insomnia in early winter. The total Beck Depression Inventory (BDI) score increased significantly in the early winter period, and the total Insomnia Severity Index (ISI) and Pittsburgh Sleep Quality Inventory (PSQI) scores increased in both early and late winter. The difference in changes in mood and sleep symptoms before, during, and after dispatch between the two stations was not significant. Conclusion: This is the first study to investigate the mental illness and mood and sleep status of Korean crews dispatched to Antarctica. In early winter, there were significant increases in mental illness and depressive symptoms, and a worsening of sleep status.