Digital trade coin: towards a more stable digital currency

【Author】 Lipton, Alex; Hardjono, Thomas; Pentland, Alex

【Source】ROYAL SOCIETY OPEN SCIENCE

【影响因子】3.653

【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.

【Keywords】blockchain technology; digital currency; electronic ash

【发表时间】2018 JUL

【收录时间】2022-01-02

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