Digital Currencies: Beyond Bitcoin

13 Pages Posted: 7 Nov 2016

See all articles by Hanna Halaburda

Hanna Halaburda

Bank of Canada; New York University (NYU); CESifo (Center for Economic Studies and Ifo Institute)

Date Written: August 28, 2016


In this article, we review the recent developments in the digital currency landscape. We survey the economic drivers that led to the creation of digital currencies and show that they are a natural step in the evolution of means of payment. We overview two major classes of digital currencies, cryptocurrencies and platform-based digital currencies and discuss how the design of such currencies affects the incentives of their users and ultimately their popularity. Finally, we discuss competition in the digital currency market.

Keywords: Digital Currencies, Cryptocurrencies, Network Effects

Suggested Citation

Halaburda, Hanna, Digital Currencies: Beyond Bitcoin (August 28, 2016). Available at SSRN: or

Hanna Halaburda (Contact Author)

Bank of Canada ( email )

234 Wellington Street
Ontario, Ottawa K1A 0G9

New York University (NYU) ( email )

Bobst Library, E-resource Acquisitions
20 Cooper Square 3rd Floor
New York, NY 10003-711
United States

CESifo (Center for Economic Studies and Ifo Institute) ( email )


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