Theory of Money: From Ancient Japanese Copper Coins to Virtual Currencies

Makoto Yano

Chapter Chapter 4 in Blockchain and Crypto Currency, 2020, pp 59-75 from Springer

Abstract: Abstract Currently, virtual currenciesVirtual currency are targets of speculative activities and subject to many other problems. If, however, an ideal virtual currencyVirtual currency can be realized, it is expected that it will add a whole new dimension to our economic activities. Virtual currencyVirtual currency is very similar to deposit currencyDeposit currency in that data is used as moneyMoney. While deposit currenciesDeposit currency are centrally controlled by banks and other financial institutions, virtual currenciesVirtual currency are maintained in a decentralized manner by many people. Through decentralizationDecentralization, significant cost savings can be realized.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:eclchp:978-981-15-3376-1_4

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DOI: 10.1007/978-981-15-3376-1_4

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