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What is Cryptocurrencies

Chapter 6
Organizational Transformation and Managing Innovation in the Fourth Industrial Revolution
Digital assets that use cryptography to secure transactions, to control the creation of additional units, and to verity the transfer of assets.
Published in Chapter:
FinTech and Its Disruption to Financial Institutions
Chen Liu (Trinity Western University, Canada)
Copyright: © 2019 |Pages: 21
DOI: 10.4018/978-1-5225-7074-5.ch006
Abstract
This chapter studies how FinTech is transforming traditional financial institutions (FIs). This chapter achieves the four related goals. First, it discusses the current stage of FinTech development in different areas such as crowdfunding, payment, blockchain, and cryptocurrency. Second, it examines how each FinTech development affects traditional FIs, in both positive and negative ways. Third, it explores how FIs are currently managing FinTech innovations. It also suggests ways through which these institutions could best utilize FinTech to better serve their customers and eventually optimize the overall financial system. Finally, following the book's focus on man's role at the center of technology advancement, this chapter discusses whether FIs' customers' needs are still placed at the center of FIs' incentives to adapt new technology, and if not, how can we focus back to the people that the financial system ultimately serves.
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Chapter 13
Management Cases Studies and Technical Use Cases on Web 3
Digital or virtual currencies that use cryptography for security and are decentralized, meaning they are not controlled by any government or financial institution. Examples include Bitcoin, Ethereum, and Litecoin.
Published in Chapter: Management Cases Studies and Technical Use Cases on Web 3; From: Decentralizing the Online Experience With Web3 Technologies
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Chapter 8
Quantum and Blockchain for Computing Paradigms Vision and Advancements
Cryptocurrencies are digital tokens. They are a type of digital currency that allows people to make payments directly to each other through an online system. Cryptocurrencies have no legislated or intrinsic value; they are simply worth what people are willing to pay for them in the market.
Published in Chapter: Quantum and Blockchain for Computing Paradigms Vision and Advancements; From: Advancements in Quantum Blockchain With Real-Time Applications
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Chapter 3
Blockchain Technology for Records Management in Botswana and Zimbabwe
These are digital assets designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of computerized database using strong cryptography to secure transaction records.
Published in Chapter: Blockchain Technology for Records Management in Botswana and Zimbabwe; From: Industry Use Cases on Blockchain Technology Applications in IoT and the Financial Sector
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Chapter 4
Blockchanging Politics: Opening a Trustworthy but Hazardous Reforming Era
A digital or virtual currency that is secured by cryptography. It is a special case of a digital token which has its own blockchain.
Published in Chapter: Blockchanging Politics: Opening a Trustworthy but Hazardous Reforming Era; From: Political and Economic Implications of Blockchain Technology in Business and Healthcare
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Chapter 18
Unveiling Bitcoin's Safe Haven and Hedging Properties Beyond Diversification
Cryptocurrencies refer to digital or virtual currencies that employ cryptographic techniques to ensure security and function on a decentralized infrastructure known as blockchain. Cryptocurrencies facilitate secure peer-to-peer transactions and frequently function as a means of exchange, store of value, or digital asset.
Published in Chapter: Unveiling Bitcoin's Safe Haven and Hedging Properties Beyond Diversification; From: Internet of Behaviors Implementation in Organizational Contexts
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Chapter 10
Navigating the GDPR Compliance Conundrum: Analyzing Public Blockchain Systems and Personal Data Protection Rights
Digital or virtual currencies that use cryptography for secure financial transactions, control the creation of new units, and verify the transfer of assets. Cryptocurrencies, such as Bitcoin, are often associated with blockchain technology due to their utilization of blockchain as a transaction system.
Published in Chapter: Navigating the GDPR Compliance Conundrum: Analyzing Public Blockchain Systems and Personal Data Protection Rights; From: New Perspectives and Possibilities in Strategic Management in the 21st Century: Between Tradition and Modernity
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Chapter 14
Overreaction, Underreaction, and Short-Term Efficient Reaction Evidence for Cryptocurrencies
Digital or virtual currencies that operate on a decentralized network known as blockchain and use cryptographic techniques to assure security are referred to as cryptocurrencies. Cryptocurrencies enable safe peer-to-peer exchanges and are widely used as a store of value, means of exchange, or digital asset.
Published in Chapter: Overreaction, Underreaction, and Short-Term Efficient Reaction Evidence for Cryptocurrencies; From: Internet of Behaviors Implementation in Organizational Contexts
Full Text Chapter Download: US $37.50 Add to Cart
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