Demystifying Blockchain

October 11, 2018

For cryptocurrencies, blockchain is the ledger of transactions involving the currency. So, how does it work?

In this video, recorded at a recent Dialogue with the Fed event, St. Louis Fed Vice President and Economist David Andolfatto compares blockchain to a communal history book. He also discussed the importance of two questions:

  • Who gets to read this history?
  • Who gets to write it?

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This blog offers commentary, analysis and data from our economists and experts. Views expressed are not necessarily those of the St. Louis Fed or Federal Reserve System.

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