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Federal Reserve Bank of St. Louis
Review
A Short Introduction to the World of Cryptocurrencies
Aleksander Berentsen
Fabian Schar
Abstract

In this article, we give a short introduction to cryptocurrencies and blockchain technology. The focus of the introduction is on Bitcoin, but many elements are shared by other blockchain implementations and alternative cryptoassets. The article covers the original idea and motivation, the mode of operation and possible applications of cryptocurrencies, and blockchain technology. We conclude that Bitcoin has a wide range of interesting applications and that cryptoassets are well suited to become an important asset class.


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Aleksander Berentsen & Fabian Schar, "A Short Introduction to the World of Cryptocurrencies" , Federal Reserve Bank of St. Louis, Review, volume 100, issue 1, pages 1-16, 2018.
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Subject headings:
Keywords: Cryptocurrency; Bitcoin; Digital currency; Blockchain
DOI: 10.20955/r.2018.1-16
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