Digital trade coin: towards a more stable digital currency
Name
Digital trade coin- towards a more stable digital currency.pdf
Description
Article
Size
242.17 KB
Format
Adobe PDF
Checksum (MD5)
11e60d3125319c94e7058443e76b1830
Author(s)
Lipton, Alex
Hardjono, Thomas
Pentland, Alex
Date Issued
July 18, 2018
Publisher
Royal Society Open Science
Citation
Lipton, A., Hardjono, T., & Pentland, A. (2018). Digital trade coin: towards a more stable digital currency. Royal Society open science, 5(7), 180155.
Abstract
We study the evolution of ideas related to creation of asset-backed currencies over the last 200 years and argue that recent developments related to distributed ledger technologies and blockchains give asset-backed currencies a new lease of life. We propose a practical mechanism combining novel technological breakthroughs with well-established hedging techniques for building an asset-backed transactional oriented cryptocurrency, which we call the digital trade coin (DTC). We show that in its mature state, the DTC can serve as a much-needed counterpoint to fiat reserve currencies of today.
MIT Department
MIT Connection Science (Research institute)
Terms of Use
Attribution-NonCommercial-ShareAlike 3.0 United States
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