Introduction
Money, in its basic form of banknotes and coins, represents the fundamental pillar of finance. Finance itself can be defined as the discipline that studies the management of money, and any financial transaction always involves (directly or indirectly) a money transfer. Thus, the proposal to dismantle the functioning of the monetary system – based on a central authority responsible for the issuing of money and the monetary policy – by the adoption of a decentralized issuing system represents a revolutionary (and provocative) idea. Since 2008, when the first cryptocurrency – the Bitcoin – was launched, the cryptocurrency market has bloomed, up to current time, with more than 20,000 cryptocurrencies available. ...
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