Introduces the payment systems that move money among consumers and enterprises, and the concept of digital money. Students will examine how payment systems work, how they evolved, and the future of payment technology, from mobile payments to tokenization. Students will also develop an understanding of how to contrast the individual purposes and architectures of different cryptocurrencies. They will explore alternative consensus protocols, with special attention given to Proof of Work (PoW). Additional topics include the 51% network attack, the welfare costs and benefits of cryptocurrencies and the surrounding legal issues.
