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Table 1 Definitions of system state variables

From: On modeling blockchain-enabled economic networks as stochastic dynamical systems

State VariableDefinition
S(t)supply of unit service at time t
D(t)demand of unit service at time t
Q(t)quantity of unit service transacted at time t
P(t)price of a unit service at time t
R(t)miner profitability at time t
K(t)price of a native token at time t
B(t)block rewards released at time t
C(t)cost of unit service at time t
ΔS(t)arrival of new unit service supply at time t
ΔD(t)arrival of new unit service demand at time t
Xs(t)departure of unit service supply at time t
Xd(t)departure of unit service demand at time t
V(t)native token earned per unit fiat invested in the system at time t
\(\frac {1}{V(t)}\)intrinsic value of native token at time t
U(t)speculative value of native token at time t
W(t)amount of native token left in block rewards pool at time t
I(t)abstract index on network’s progress to achieve its goal at time t