Titlebook: Beyond Bitcoin; The Economics of Dig Hanna Halaburda,Miklos Sarvary Book 20161st edition The Editor(s) (if applicable) and The Author(s) 20

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Medium of Exchange: Ever-Present Competition,on by looking into the past. In fact, we will start not only well before the digital era but also before the development of money itself. We do not intend to provide a comprehensive overview of the history of money here.’ Rather, in our discussion we will focus on the attributes of different currenc

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The Road Ahead,efore seen flexibility for the design of currencies as well as unparalleled scale for their introduction. It is not surprising therefore that the beginning of the century has been marked by unprecedented experimentation with digital currencies, whether carried out by individuals, small startups, or

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https://doi.org/10.1007/978-94-6265-455-6re successful than others in satisfying those needs. We will later see that digital currencies can be successful only if they satisfy such needs as well as, or better than, the traditional currencies we already have in use.

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International Criminal Justice Seriesge-scale payment system presents. Indeed, one of our objectives was to review these various motivations and the multitude of solutions proposed to address them. What patterns emerge from this dynamic picture?

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