Title

Introduction to Bitcoin

Publication Type

Book Chapter

Publication Date

2015

Abstract

This chapter considers the evolution of alternative digital currencies from DigiCash to Bitcoin, the very digital currency that has spurred the development of this book. Specifically, this chapter explores the general features of Bitcoin and its benefits and risks before suggesting some conditions for a successful cryptocurrency to thrive. The chapter then concludes with optimism about the future of cryptocurrency and its underlying technology.

Keywords

Bitcoin primer, Introduction to cryptocurrency, Future of cryptocurrency, Benefits and risks of bitcoin, Financial innovation, Electronic finance

Discipline

Business | E-Commerce

Research Areas

Quantitative Finance

Publication

Handbook of Digital Currency: Bitcoin, Innovation, Financial Instruments, and Big Data

Editor

Lee, David K. C.

First Page

5

Last Page

30

ISBN

9780128021170

Identifier

10.1016/B978-0-12-802117-0.00001-1

Publisher

Elsevier Academic Press

City or Country

Amsterdam

Additional URL

http://dx.doi.org/10.1016/B978-0-12-802117-0.00001-1