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Federal Reserve Bank of St. Louis
A Short Introduction to the World of Cryptocurrencies
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.
Cite this item
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.
- E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
- E59 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Other
- G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
Keywords: Cryptocurrency; Bitcoin; Digital currency; Blockchain
This item with handle RePEc:fip:fedlrv:00092
is also listed on EconPapers
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