Cryptocurrency

Internet Policy Review, Glossary of decentralised technosocial systems, Volume 10, Issue 2

9 Pages Posted: 9 Aug 2021 Last revised: 16 Sep 2021

See all articles by Ingolf Gunnar Anton Pernice

Ingolf Gunnar Anton Pernice

Weizenbaum Institute for the Networked Society

Brett Scott

affiliation not provided to SSRN

Date Written: May 20, 2021

Abstract

We provide a comprehensive, academic definition of the term "cryptocurrency". A cryptocurrency system can be understood as a system intended for the issuance of tokens which are intended to be used as a general or limited-purpose medium-of-exchange, and which are accounted for using an often collectively-maintained digital ledger making use of cryptography to replace trust in institutions to varying extents. Against such a backdrop, the singular term cryptocurrency can mean a token, intended to be used as a general or limited-purpose medium-of-exchange, issued via a cryptocurrency system.

Keywords: definition, cryptocurrency

Suggested Citation

Pernice, Ingolf Gunnar Anton and Scott, Brett, Cryptocurrency (May 20, 2021). Internet Policy Review, Glossary of decentralised technosocial systems, Volume 10, Issue 2, Available at SSRN: https://ssrn.com/abstract=3899258

Ingolf Gunnar Anton Pernice (Contact Author)

Weizenbaum Institute for the Networked Society ( email )

Berlin
Germany

Brett Scott

affiliation not provided to SSRN

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