Paul, & Michael. The Age of Cryptocurrency. How Bitcoin and Digital Money Are Challenging the Global Economic Order. St. Martin’s Press. 2015.

            Paul Vigna and Michael J. Casey examine the origins and prospects of cryptocurrencies like Bitcoin in “The Age of Cryptocurrency,” contending that they mark a fundamental change in the way we see money and the economy. The writers go over the economic theories that surround cryptocurrencies, their underlying technology, and the advantages and disadvantages of a decentralized currency system. They look at the difficulties that cryptocurrencies have in their quest for widespread acceptance and credibility in the global economy and The writers who consulted a variety of sources and viewpoints, offer a thorough and fair study of the probable effects of cryptocurrencies on the world economy. “The Age of Cryptocurrency” can be utilized to provide a better understanding of how decentralized currencies can affect the world economy.

1. “The true value of cryptocurrencies is not just in the money, but in the way they allow people to exchange value and trust each other in a way that is transparent and secure” (p. 217).
2. “At its core, bitcoin is a way to transfer value without requiring a central authority or intermediary. It is a new kind of decentralized digital currency that is maintained by a network of computers around the world” (p. 3).