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.
Lien permanent pour cette publication :
publications.gc.ca/pub?id=9.895993&sl=1
| Ministère/Organisme | Bank of Canada, issuing body. |
|---|---|
| Titre | Eggs in one basket : security and convenience of digital currencies / by Charles M. Kahn, Francisco Rivadeneyra and Tsz-Nga Wong. |
| Titre de la série | Staff working paper = Document de travail du personnel, 1701-9397 ; 2021-6 |
| Type de publication | Série - Voir l'enregistrement principal |
| Langue | [Anglais] |
| Format | Électronique |
| Document électronique | |
| Note(s) | Includes bibliographical references (pages 29-32). |
| Information sur la publication | Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, January 28, 2021. ©2021 |
| Auteur / Contributeur | Kahn, Charles M., author. |
| Description | 1 online resource (ii, 45 pages) : illustrations (some colour) |
| Numéro de catalogue |
|
| Descripteurs | Digital currency. Monnaie électronique. |
Demander des formats alternatifs
Pour demander une publication dans un format alternatif, remplissez le formulaire électronique des publications du gouvernement du Canada. Utilisez le champ du formulaire «question ou commentaire» pour spécifier la publication demandée.- Date de modification :