How Cryptocurrencies Work
The idea of a communal ledger for transactions is ancient. Cryptocurrencies like bitcoin have modernized the concept.
In this video, recorded at a recent Dialogue with the Fed event, St. Louis Fed Vice President and Economist David Andolfatto discusses how bitcoin has merged modern technologies with old ideas about commerce to facilitate digital payments.
- Dialogue with the Fed: Blockchain, Cryptocurrencies and Central Banks
- On the Economy: Is Bitcoin a Good Money?
- Open Vault: Three Ways Bitcoin Is Like Regular Currency