منابع مشابه
The Economics of Cryptocurrencies – Bitcoin and Beyond∗
A general equilibrium monetary model is developed to study the optimal design of a cryptocurrency system based on a blockchain. The model is then calibrated to Bitcoin transaction data to perform a quantitative assessment of the scheme. We formalize the critical elements of a cryptocurrency: the blockchain to keep a history of transactions, the distributed updating of information and consensus ...
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The famous new money Bitcoin is classified as a technical informational money (TIM). Besides introducing the idea of a TIM, a more extreme notion of informational money will be developed: exclusively informational money (EXIM). The informational coins (INCOs) of an EXIM can be in control of an agent but are not owned by any agent. INCOs of an EXIM cannot be stolen, but they can be lost, or thro...
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Bitcoin was the first currency not controlled by a single entity (Nakamoto 2008). Bitcoin is a cryptocurrency, built on blockchain technology. Initially known to only a few nerds and criminals it now has hundreds of thousands of daily transactions. Bitcoin has achieved values of more than US$15,000 per coin (as of the end of 2017). Rising value attracts attention. For some, Bitcoin is digital f...
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The Bitcoin ecosystem has grown tremendously in recent years. While the main sectors of growth and venture capital funding have been infrastructure for the Bitcoin ecosystem itself as well as financial services, there is also a more recent evolution in sectors beyond financial services. We classify the venture-capital backed start up ecosystem accordingly and present its evolution over time. Th...
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Nowadays the decentralized transaction ledger functionality implemented through the blockchain technology is at the highest international interest because of the prospects both on opportunities and risks. There are a number of advantages inherently embedded in blockchain-based systems, and a pletora of new applications and services relying on concepts and technologies inspired by those of Bitco...
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ژورنال
عنوان ژورنال: CFA Institute Magazine
سال: 2015
ISSN: 1543-1398
DOI: 10.2469/cfm.v26.n1.12