Cryptocurrency. Bitcoin. Blockchain. Mining.
These very names and terms suggest a sort of mystery around the whole concept of digital currency, and the role it plays in today’s financial landscape. Professor David Yermack sheds light on some of the most fundamental questions around digital currency, including:
0:17 What is cryptocurrency?
0:47 What is the digital wallet?
1:05 What is Bitcoin specifically?
1:45 How did cryptocurrency come about?
2:50 What is mining?
3:50 What is the blockchain?
Watch Part II, where Professor Yermack explains how traditional financial institutions are attempting to adopt and adapt the innovations introduced by cryptocurrency.
Professor Yermack will be teaching a first-of-its-kind course at NYU Stern next year. Keep an eye out for more information!