Abstract
Cryptocurrencies and decentralized finance have grown considerably since the publication of the white paper on bitcoin in 2009. This article presents an overview of cryptocurrencies, blockchain technology, and their applications, explaining the spirit of the enterprise and how it compares with traditional operations. We discuss money, digital money, and payments; cryptocurrencies, blockchain, and the double-spending problem of digital money; decentralized finance; and central bank digital currency. (JEL E42, E44, E58, G21, G23, G28, G34).
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CITATION STYLE
Andolfatto, D., & Martin, F. M. (2022). The Blockchain Revolution: Decoding Digital Currencies. Federal Reserve Bank of St. Louis Review, 104(3), 149–165. https://doi.org/10.20955/r.104.149-65
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