The Microeconomics of Cryptocurrencies: Can a cryptocurrency become a global currency?
by Jitasha Bahl INTRODUCTION Bitcoin is a cryptocurrency that operates on blockchain technology. In a white paper published in 2008, Satoshi Nakamoto, a pseudonym for a computer programmer or group of programmers, introduced Bitcoin as an open source, peer-to-peer digital currency (Nakamoto 2008, 2). Bitcoins have no intrinsic worth and are not backed by a … More The Microeconomics of Cryptocurrencies: Can a cryptocurrency become a global currency?