 Cryptocurrency Technology and The International Monetary SystemJosé Javier Losada Baños MPRA Paper from University Library of Munich, Germany Abstract: Throughout the millennial history of money, various payment instruments have been developed: some designed to facilitate economic transactions and others to preserve accumulated wealth, adapting in each historical period to the conditions and capabilities of the society of their time. In this context, the maturity achieved by the cryptocurrency industry over the last five years, especially in areas such as blockchain, oracle networks, self-custody, multi-chain environments, and decentralized applications —DApps—combined with today's colossal data processing capacity, opens up the possibility of applying these 21st-century technologies to the construction of a new international monetary system. This article explains how to use these telematic tools to achieve this, as well as their implications in the financial and economic arena, including enhanced financial stability and the recognition of the Fundamental Right of People to Safeguard the Wealth. Keywords: monetary system; Bitcoin; blockchain; self-custody; cryptocurrency; financial stability; Fundamental Right of People to Safeguard the Wealth (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:127207 Access Statistics for this paper More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC. |
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