Crypto-currencies (Beyond Bitcoin, Chapter 4)

Abstract

In this chapter, we discuss economic aspects of cryptocurrencies. 4.1. The double spending problem 4.2. How does Bitcoin work? Brief overview 4.3. Not the first one – predecessors of Bitcoin 4.4. Problems with Bitcoin (new challenges) 4.5. Competition against other crypto-currencies 4.6. Non-currency use of blockchain technology 4.7. Trading cryptocurrencies 4.8. How do crypto-currencies’s attributes compare to earlier money? For Chapter 1 (Introduction), see https://ssrn.com/abstract=3135021. For Chapter 2 (Means of Exchange: Ever-present Competition), see https://ssrn.com/abstract=3135028. For Chapter 3 (Platform-based Currencies), see https://ssrn.com/abstract=3135030. For Chapter 5 (Conclusions), see https://ssrn.com/abstract=3135057.