Cryptocurrencies

Abstract

This chapter introduces the concept of cryptocurrencies such as bitcoin, ether, or litecoin. The chapter describes the history of cryptocurrency, blockchain technology, and the quest for secure digital money, followed by a discussion of cryptocurrency as a phenomenon. Next, it discusses individual cryptocurrencies, including an overview of bitcoin and relevant subgroups, such as so-called forks or privacy coins. It also explains developments such as stablecoins or central bank digital currencies, which are potentially much more in line with bitcoin’s original idea of digital cash. Overall, the chapter provides a basic understanding of cryptocurrencies, their defining characteristics, challenges, and markets.

Citation

Ante, L. (2023), "Cryptocurrencies", Baker, H.K., Benedetti, H., Nikbakht, E. and Smith, S.S. (Ed.) The Emerald Handbook on Cryptoassets: Investment Opportunities and Challenges, Emerald Publishing Limited, Leeds, pp. 45-60. https://doi.org/10.1108/978-1-80455-320-620221004