Digital Currencies: Beyond Bitcoin

13 Pages Posted: 7 Nov 2016

See all articles by Hanna Halaburda

Hanna Halaburda

New York University (NYU) - Leonard N. Stern School of Business

Date Written: August 28, 2016

Abstract

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: https://ssrn.com/abstract=2865004 or http://dx.doi.org/10.2139/ssrn.2865004

Hanna Halaburda (Contact Author)

New York University (NYU) - Leonard N. Stern School of Business ( email )

44 West 4th Street
New York, NY NY 10012
United States

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