Blockchain Technology and Cryptocurrencies
Completion requirements
Cryptocurrencies and blockchain technology are some of the means of how technology is entering the financial world. As technology advances, so does the financial products and the provision of these products and services. After watching this video and going through the attached slides, you will learn more about how technology is shaping the world of finance. Is the emergence of multiple non-central bank-backed cryptocurrencies threatening traditional central bank-backed currencies?
Shaping the Financial World
Internet and the Payments Riddle
- How to Move Value on the Internet
- Securely
- Efficiently
- As a Packet of Data – Peer to Peer
- While Prohibiting Double Spending
Early Cryptographic Digital Currencies ... Failed
Notable Efforts
- DigiCash (1994), Mondex (1994), CyberCash (1994)
- E-gold (1996), Hashcash (1997)
- Bit Gold (1998), B-Money (1998), Lucre (1999)
Hurdles
- Merchant adoption
- Centralization
- Double Spending
- Consensus
Early Digital & Mobile Payment Solutions
