Beyond Bitcoin: Economics of Digital Currencies and Blockchain Technologies

Over the last few years, we have witnessed an upsurge of enthusiasm about crypurrencies and, more generally, the so-called blockchain technology. In this new and updated edition, the authors explore what exactly these new technologies entail and promise. They argue that to understand the potential challenges and further developments in the market, one needs to develop an understanding of what needs these innovations fulfill and what business models are consistent with their use. For that, w...