Blockchain and distributed ledger technology

.

Chapter 2 in Financial Services Law and Distributed Ledger Technology, 2024, pp 12-46 from Edward Elgar Publishing

Abstract: The book begins with an analysis of distributed ledger technology, and its principal innovation, the ability to replace a central authority with a decentralised consensus mechanism. The chapter illustrates how this new technology might drive the dis-intermediation of financial services, using the first cryptocurrency, Bitcoin, and the subsequent innovation of the wider capabilities of Ethereum as examples. The chapter then traces cryptocurrencies back to their philosophical roots in the Cypherpunk movement of the 1980s and 1990s and the libertarian ideas that continue to underpin many digital asset projects.

Keywords: Law - Academic; Law - Professional (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.elgaronline.com/doi/10.4337/9781035300884.00009 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:21933_2

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().