Bitcoin: Deciphering the Crypto-currency
Bitcoin was one of the first implementations of a concept called crypto-currency. It was built on the notion that money can be any object or any sort of record accepted as payment for goods and services and repayment of debts in a given country or socio-economic context. Bitcoin was designed around the idea of a new form of money that used cryptography to control its creation and transactions, rather than relying on central authorities. In short, it was the world's first "decentralized digital currency," meaning that it had no centralized authority issuing the currency.
Collection: IESE (España)
Ref: SI-191-E
Format: PDF
Number of pages: 17
Publication Date: Mar 10, 2014
Language: English
Description
Bitcoin was one of the first implementations of a concept called crypto-currency. It was built on the notion that money can be any object or any sort of record accepted as payment for goods and services and repayment of debts in a given country or socio-economic context. Bitcoin was designed around the idea of a new form of money that used cryptography to control its creation and transactions, rather than relying on central authorities. In short, it was the world's first "decentralized digital currency," meaning that it had no centralized authority issuing the currency.
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Year: 2014
Learning Objective
The case can be taught from the point of view of the possibilities of a digital platform to replace intermediating central banks, as well as from the standpoint of the financial and regulatory implications.
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"Bitcoin: Deciphering the Crypto-currency"
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