Arbeitspapier

Understanding Cryptocurrencies

Cryptocurrencies refer to a type of digital cash that use distributed ledger - or blockchain technology - to provide secure transactions. These currencies are generally misunderstood. While initially dismissed as fads or bubbles, many large central banks are considering launching their own version of national cryptocurrencies. In contrast to most data in nancial economics, there is a plethora of detailed (free) data on the history of every transaction for the cryptocurrency complex. Further, there is little empirically-oriented research on this new asset class. This is an extraordinary research opportunity for academia. We provide a starting point by giving an insight into cryptocurrency mechanisms and detailing summary statistics and focusing on potential future research avenues in nancial economics.

Sprache
Englisch

Erschienen in
Series: IRTG 1792 Discussion Paper ; No. 2018-044

Klassifikation
Wirtschaft
Econometrics
Financial Econometrics
Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems
Money Supply; Credit; Money Multipliers
General Financial Markets: General (includes Measurement and Data)
Cyber Law
Illegal Behavior and the Enforcement of Law
Information and Internet Services; Computer Software
Innovation and Invention: Processes and Incentives
Thema
Cryptocurrency
Blockchain
Bitcoin
Economic bubbles
Peer-to-Peer
Cryptographic hashing
Consensus
Proof-of-Work
Proof-of-stake
Volatility

Ereignis
Geistige Schöpfung
(wer)
Härdle, Wolfgang Karl
Harvey, Campbell R.
Reule, Raphael C. G.
Ereignis
Veröffentlichung
(wer)
Humboldt-Universität zu Berlin, International Research Training Group 1792 "High Dimensional Nonstationary Time Series"
(wo)
Berlin
(wann)
2018

Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Härdle, Wolfgang Karl
  • Harvey, Campbell R.
  • Reule, Raphael C. G.
  • Humboldt-Universität zu Berlin, International Research Training Group 1792 "High Dimensional Nonstationary Time Series"

Entstanden

  • 2018

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