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2021 | OriginalPaper | Chapter

4. Cryptocurrency Mining Protocols: A Regulatory and Technological Overview

Authors : Timothy King, Dimitrios Koutmos, Francesco Saverio Stentella Lopes

Published in: Disruptive Technology in Banking and Finance

Publisher: Springer International Publishing

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Abstract

This chapter offers an overview of digital currencies beginning with a background to the digitalization of money. The chapter then proceeds to discuss central bank issued digital currencies, a highly topical area of recent development, and issues surrounding the regulation of digital currencies. The second half of the chapter begins by providing the reader with a short history of ledgers and explains the differences between centralized and decentralized ledgers. Next cryptocurrencies are discussed in detail including issues surrounding their adoptions, and how they work including the various consensus algorithms employed to secure and validate cryptocurrency transactions.

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previous chapter A Taxonomy of FinTech Innovation

next chapter The Development of InsurTech in Europe and the Strategic Response of Incumbents

Ledgers and distributed ledgers are discussed later in this chapter.

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Title: Cryptocurrency Mining Protocols: A Regulatory and Technological Overview
Authors: Timothy King
Dimitrios Koutmos
Francesco Saverio Stentella Lopes
Publisher: Springer International Publishing
Book: Disruptive Technology in Banking and Finance
Print ISBN: 978-3-030-81834-0

Electronic ISBN: 978-3-030-81835-7

Copyright Year: 2021
DOI: https://doi.org/10.1007/978-3-030-81835-7_4