Understanding Platform-Based Digital Currencies

Article OPEN
Ben Fung; Hanna Halaburda;
(2014)
  • Journal: Bank of Canada Review,volume 2,014,issue Spring,pages12-20
  • Subject:
    acm: ComputingMilieux_COMPUTERSANDSOCIETY

Given technological advances and the widespread use of the Internet, various digital currencies have emerged. In most cases, Internet platforms such as Facebook and Amazon restrict the functionality of their digital currencies to enhance the business model and maximize ... View more
  • References (7)

    1 For more information on Bitcoin, see Brito and Castillo (2013); elwell, Murphy and Seitzinger (2013); eCB (2012); nielsen (2013); Šurda (2012); and Velde (2013).

    2 The records are public, but each user and each bitcoin are encrypted with unique identities.

    Lagos, R. 2013. “Moneyspots: Extraneous Attributes and the Coexistence of Money and Interest-Bearing Nominal Bonds.” Journal of Political Economy 121 (1): 127-85.

    Mische, M. A. 2000. Strategic Renewal: Becoming a High-Performance Organization. Upper Saddle River, NJ: Prentice Hall.

    Nielsen, M. 2013. “How the Bitcoin Protocol Actually Works.” Data-Driven Intelligence (6 December). Available at http://www.michaelnielsen.org/ ddi/how-the-bitcoin-protocol-actually-works/.

    Šurda, P. 2012. “Economics of Bitcoin: Is Bitcoin an Alternative to Fiat Currencies and Gold?” Master's thesis. Vienna University of Economics and Business.

    Velde, F. R. 2013. “Bitcoin: A Primer.” Chicago Fed Letter. Number 317 (December). Federal Reserve Bank of Chicago.

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