cryptocurrency [English]

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InterPARES Definition

No definition in earlier IP projects. ITrust definition not yet developed.

Other Definitions


  • Buterin [2017] (†818 s.v. "History" ): In 2005, Hal Finney introduced a concept of "reusable proofs of work", a system which uses ideas from b-money together with Adam Back's computationally difficult Hashcash puzzles to create a concept for a cryptocurrency, but once again fell short of the ideal by relying on trusted computing as a backend. (†2348)
  • Walport 2016 (†802 p.33): Bitcoin is a new form of digital cash. Rather than being issued by a central bank, such as the Bank of England, its issuance is controlled by a decentralised network of computers. This network relies on cryptography and other techniques to regulate the supply of Bitcoins and keep track of who owns them. Bitcoin is consequently known as a cryptocurrency. (†2331)