文章基本信息

标题：From Bitcoin to Central Bank Digital Currencies: Making Sense of the Digital Money Revolution
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作者：Paulo Rupino Cunha ; Paulo Melo ; Helder Sebastião 等
期刊名称：Future Internet
电子版ISSN：1999-5903
出版年度：2021
卷号：13
期号：7
页码：165
DOI：10.3390/fi13070165
出版社：MDPI Publishing
摘要：We analyze the path from cryptocurrencies to official Central Bank Digital Currencies (CBDCs), to shed some light on the ultimate dematerialization of money. To that end, we made an extensive search that resulted in a review of more than 100 academic and grey literature references, including official positions from central banks. We present and discuss the characteristics of the different CBDC variants being considered—namely, wholesale, retail, and, for the latter, the account-based, and token-based—as well as ongoing pilots, scenarios of interoperability, and open issues. Our contribution enables decision-makers and society at large to understand the potential advantages and risks of introducing CBDCs, and how these vary according to many technical and economic design choices. The practical implication is that a debate becomes possible about the trade-offs that the stakeholders are willing to accept.
关键词：central bank digital currency (CBDC); bitcoin; cryptocurrencies; digital money central bank digital currency (CBDC) ; bitcoin ; cryptocurrencies ; digital money