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Blockchain: What It Is, What It Does, and Why You Probably Don’t Need One

Author

Listed:
  • David Andolfatto

Abstract

All record-keeping systems (which include monetary systems) must contend with trust issues and methods of organizing historical information.

Suggested Citation

  • David Andolfatto, 2018. "Blockchain: What It Is, What It Does, and Why You Probably Don’t Need One," Review, Federal Reserve Bank of St. Louis, vol. 100(2).
  • Handle: RePEc:fip:fedlrv:00096
    DOI: 10.20955/r.2018.87-95
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    File URL: https://files.stlouisfed.org/files/htdocs/publications/review/2018/04/16/blockchain-what-it-is-what-it-does-and-why-you-probably-dont-need-one.pdf
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    File URL: https://doi.org/10.20955/r.2018.87-95
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    References listed on IDEAS

    as
    1. Aleksander Berentsen & Fabian Schar, 2018. "A Short Introduction to the World of Cryptocurrencies," Review, Federal Reserve Bank of St. Louis, vol. 100(1), pages 1-16.
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    Citations

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    Cited by:

    1. Jalali-Naini, Seyed Ahmad Reza & Rabie Hamedani, Hasti, 2016. "Crypto Currencies and the Blockchain Technology: An Evolutionary Review of Money and the Payment Systems," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 11(3), pages 245-265, July.
    2. Stephen D. Williamson, 2018. "Is Bitcoin a Waste of Resources?," Review, Federal Reserve Bank of St. Louis, vol. 100(2), pages 107-115.
    3. Andrew Clark & Alexander Mihailov, 2019. "Why private cryptocurrencies cannot serve as international reserves but central bank digital currencies can," Economics & Management Discussion Papers em-dp2019-09, Henley Business School, Reading University.

    More about this item

    JEL classification:

    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • E59 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Other
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

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