Bitcoin: A Revolution?
"Economic analysis of the digital revolution," J. Ganuza and G. Llobert, (eds)., FUNCAS, 2018
25 Pages Posted: 8 Mar 2018 Last revised: 10 May 2019
Date Written: March 6, 2018
Bitcoin, a cryptocurrency invented in 2008 is both puzzling and inspiring. High volatility of its price is challenges financial analysts as well as scholars. We look at the incentive mechanisms that make Bitcoin work, and we discuss current and potential uses of Bitcoin and technologies inspired by it.
Keywords: Bitcoin,cryptocurrencies, blockchain, incentives, mining, ICO, smart contract
JEL Classification: D8, G2, O3, O33
Suggested Citation: Suggested Citation