ABSTRACT
A cryptocurrency system can be understood as a system intended for the issuance of tokens which are intended to be used as a general or limited-purpose medium-of-exchange, and which are accounted for using an often collectively-maintained digital ledger making use of cryptography to replace trust in institutions to varying extents. Against such a backdrop, the singular term cryptocurrency can mean a token, intended to be used as a general or limited-purpose medium-of-exchange, issued via a cryptocurrency system.
RECEIVED: November 20, 2020 REVIEWED: December 7, 2020 PUBLISHED: May 20, 2021
LICENCE: Creative Commons Attribution 3.0 Germany
COMPETING INTERESTS: The author has declared that no competing interests exist that have influenced the text.
KEYWORDS: Cryptocurrency, Bitcoin
CITATION: Pernice, I. G. A. & Scott, B. (2021). Cryptocurrency. Internet Policy Review, 10(2). https://doi.org/10.14763/2021.2.1561
