Software Ecosystem Health of Cryptocurrencies

  • Matthijs Berkhout
  • Fons van den Brink
  • Mart van Zwienen
  • Paul van Vulpen
  • Slinger JansenEmail author
Conference paper
Part of the Lecture Notes in Business Information Processing book series (LNBIP, volume 336)


Background: Cryptocurrencies are highly valued without understanding the health of the underlying ecosystems. Previous work shows factors which determinate the exchange rate. However, the technological determinants show decreasing significance. Objective: This paper explores whether the Open-source Software Ecosystem Health Operationalization (OSEHO) framework can be used to extend the given technology factors. Method: By conducting the OSEHO in a case-study on three distinct cryptocurrency ecosystems, this paper gives a better insight in the ecosystem’s value, longevity and propensity for growth and the relation of these factors to the cryptocurrency value. Results: The ‘healthiest’ cryptocurrency ecosystem also shows the highest economic health. Two metrics from the OSEHO show strong positive significant correlation with the exchange rate. Conclusion: Metrics from the OSEHO show promising indications to be technological determinants for the exchange rate. This research can be used as a foundation for further econometric tests or research on other aspects of cryptocurrencies.


Cryptocurrency Software ecosystems Ecosystem health Bitcoin Ethereum Ripple 


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Copyright information

© Springer Nature Switzerland AG 2018

Authors and Affiliations

  • Matthijs Berkhout
    • 1
  • Fons van den Brink
    • 1
  • Mart van Zwienen
    • 1
  • Paul van Vulpen
    • 1
  • Slinger Jansen
    • 1
    Email author
  1. 1.Utrecht UniversityUtrechtThe Netherlands

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