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...

Die Blockchain wird als Innovation des Jahrzehnts gehandelt und hat das Potential die Welt auf ähnliche Weise zu verändern, wie dies das Aufkommen des Internets tat. Dieses Buch beinhaltet sämtliche Informationen, die zum Verständnis dieser faszinierenden Technologie benötigt werden. Der...

We characterize various currencies according to their control structure, focusing on cryptocurrencies such as Bitcoin and government-issued fiat money. We then argue that there is a large unmet demand for a liquid asset that allows households and firms to save outside of the private financial sector

Zusammenfassung: "This book introduces the reader to cryptocurrencies and blockchain technology. It focuses on Bitcoin, the most popular cryptocurrency, but discusses others such as Ethereum and even includes a short discussion of Libra, Facebook's recently announced crypto offering. Unlike...

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...

This paper addresses the growing concern of shock propagation in crypto asset markets. The integration of conventional Financial institutions (CeFi) and decentralized Financial protocols (DeFi) has introduced a set of complexities that are not adequately accounted for in current models. We build...