منابع مشابه
Cryptocurrencies: Are Disruptive Financial Innovations Here?
Digital currencies, virtual currencies, in-game currencies, etc., have gathered a lot of attention, despite the difficulties of definition, from all corners of society for many years. Cryptocurrency has gained unprecedented attention since the birth of Bitcoin in 2009. Bitcoin is an online system of making and receiving payments in bitcoins. The system distinguishes itself by providing an opens...
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Bitcoin, a protocol for a new permissionless decentralized digital currency hailed the arrival of a new application domain for computer science. Following Bitcoin’s arrival, a series of innovations derived from the state of the art in several fields has been applied to cryptocurrencies, and has been slowly reshaping monetary and financial instruments on public distributed ledgers. It was soon c...
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A model is developed where firms in a financial system have to settle their debts to each other by using a liquid asset (or money). The question that is studied is how many firms must have access to this asset from outside the financial system to make sure that all debts within the system are settled. The main result is that these liquidity needs are larger when these firms are more interconnec...
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One of the central challenges for mathematical cryptography is to create a payment system that provides the advantages of cash in a digital world. In this expository article we describe two very different solutions to this problem. The first is an elliptic-curve-based version of a construction of S. Brands, and the second is Bitcoin. We also discuss a generalization of Bitcoin that supports pee...
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Current cryptocurrencies, starting with Bitcoin, build a decentralized blockchain-based transaction ledger, maintained through proofs-of-work that also serve to generate a monetary supply. Such decentralization has benefits, such as independence from national political control, but also significant limitations in terms of computational costs and scalability. We introduce RSCoin, a cryptocurrenc...
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ژورنال
عنوان ژورنال: Zbornik radova Pravnog fakulteta Nis
سال: 2018
ISSN: 0350-8501,2560-3116
DOI: 10.5937/zrpfni1881119c