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Full Description
Digital currencies are a fairly new phenomenon brought about by the spectacular rise of the internet. While Bitcoin is the most famous, there are numerous other digital currencies-from Amazon Coin to Zetacoin. Beyond Bitcoin explores the economic forces underlying the design of their features and their potential. Halaburda and Sarvary argue that digital currencies are best understood by considering the economic incentives driving their creators and users. The authors present a framework that will allow systemic analysis of this dynamic environment and support further discussion of the design of digital currencies' features and the competition in the market.
Contents
1. Introduction2. Means of Exchange: Ever Present Competition2.1. The Medium of Exchange - Historical Overview2.2. What Roles Does Money Serve?2.3. Competing Money2.4. Virtual Money?3. Platform-Based Currencies3.1. Special Currencies of the Traditional World3.2. Platform-Based Currencies in the Digital Era3.3. Conclusion3.4. Discussion4. Cryptocurrencies4.1. The Double Spending Problem4.2. How Does Bitcoin Work? Brief Overview4.3. Not the First One - Predecessors of Bitcoin4.4. Problems with Bitcoin (New Challenges)4.5. Competition Against Other Cryptcurrencies4.6. Non-Currency Use of Blockchain Technology<4.7. Trading Cryptocurrencies4.8. How Do Cryptocurrencies' Attributes Compare to Earlier Money?5. Conclusions