Jump to ContentJump to Main Navigation
CommoditiesMarkets, Performance, and Strategies$
Users without a subscription are not able to see the full content.

H. Kent Baker, Greg Filbeck, and Jeffrey H. Harris

Print publication date: 2018

Print ISBN-13: 9780190656010

Published to Oxford Scholarship Online: March 2018

DOI: 10.1093/oso/9780190656010.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 16 October 2021

Virtual Currencies as Commodities

Virtual Currencies as Commodities

Chapter:
(p.515) 26 Virtual Currencies as Commodities
Source:
Commodities
Author(s):

Lamia Chourou

Publisher:
Oxford University Press
DOI:10.1093/oso/9780190656010.003.0026

The rapid advancement in encryption and network computing gave birth to new tools and products that have influenced the local and global economy alike. One recent and notable example is the emergence of virtual currencies, also known as cryptocurrencies or digital currencies. Virtual currencies, such as Bitcoin, introduced a fundamental transformation that affected the way goods, services, and assets are exchanged. As a result of their distributed ledgers based on blockchains, cryptocurrencies not only offer some unique advantages to the economy, investors, and consumers, but also pose considerable risks to users and challenges for regulators when fitting the new technology into the old legal framework. This chapter offers a nontechnical discussion of several aspects and features of virtual currencies and a glimpse at what the future may hold for these decentralized currencies.

Keywords:   virtual currency, cryptocurrency, digital currency, blockchain, Bitcoin

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .