Eggs in one basket : security and convenience of digital currencies / by Charles M. Kahn, Francisco Rivadeneyra and Tsz-Nga Wong.: FB3-5/2021-6E-PDF
"Digital currencies store balances in anonymous electronic addresses. We analyze the trade-offs between the safety and convenience of aggregating balances in addresses, electronic wallets and banks. In our model, agents balance the risk of theft of a large account with the cost to safeguarding a large number of passwords for many small accounts. Account custodians (banks, wallets and other payment service providers) have different objectives and trade-offs along these dimensions; we analyze the welfare effects of differing industry structures and interdependencies. In particular, we examine, the consequences of “password aggregation" programs, which, in effect, consolidate risks across accounts"--Abstract, page ii.
Permanent link to this Catalogue record:
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| Title | Eggs in one basket : security and convenience of digital currencies / by Charles M. Kahn, Francisco Rivadeneyra and Tsz-Nga Wong. |
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| Publication type | Monograph - View Master Record |
| Language | [English] |
| Format | Digital text |
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| Description | 1 online resource (ii, 45 pages) : illustrations (some colour) |
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