The Cryptocurrency Phenomenon: The Origins, Evolution and Economics of Digital Currencies

This book provides a comprehensive analysis of the cryptocurrency phenomenon from a financial/monetary point of view, offering a unique slant by focusing on the financial perspective and discussing the technicalities of blockchain and mining. It also addresses cryptocurrencies as an evolution of the concept of money and connects them with traditional monetary theories. The book includes a discussion on central banks and their active approach to developing Central Bank Digital Currencies (CBDCs). It is an interesting reading for researchers, scholars, and students of economics, finance, or business, enabling them to understand the dynamics of the cryptocurrency phenomenon and its potential evolution.

Format: Hardback
Length: 107 pages
Publication date: 16 August 2023
Publisher: Taylor & Francis Ltd

This comprehensive book delves into the world of cryptocurrencies, offering a financial and monetary perspective. It stands out in at least two unique ways, with a financial lens serving as the foundation. While it explores the technical intricacies of blockchain and cryptocurrency mining, its primary focus is on helping readers grasp how these technical aspects contribute to the functioning and potential of cryptocurrencies, without delving into coding details. Moreover, the book views cryptocurrencies as an evolution of the concept of money, framing the analysis to provide readers with a comprehensive understanding to connect the cryptocurrency phenomenon with traditional monetary theories. Instead of being seen as a separate trend, cryptocurrencies are portrayed as innovations that will propel the concept of money forward, while preserving the foundations established by previous financial systems.

The book also delves into the role of central banks, highlighting their initial hesitance towards cryptocurrencies that has gradually transformed into an active approach. This includes initiatives to develop Central Bank Digital Currencies (CBDCs), further completing the analysis of the current state of the cryptocurrency surge.

The book's blend of theoretical content on the concept of money, a detailed description of payment tools and the workings of the payment industry, and an in-depth analysis of blockchain and cryptocurrency markets makes it an engaging and valuable read for researchers, scholars, and students in economics, finance, or business. It equips them with the skills to comprehend the dynamics of the cryptocurrency phenomenon and its potential future developments.

Dimension: 234 x 156 (mm)
ISBN-13: 9781032404424