ARTÍCULO
TITULO

FUNCTIONING MECHANISM OF BITCOIN

Aleksandar Ðordevic    
Milo? Todorovic    

Resumen

The connection between financial innovation and information technology industry has provided and kept the crypto currencies for some ten years on the market, a kind of offset of monetary evolution after the introduction of virtual, electronic and digital money. Although their essence is still wrapped up under the veil of secrets, the facts show that the value of Bitcoin as the first crypto currency has a rising trend, and that an increasing number of firms and individuals are deciding to use it. This will result in the emergence of over 1000 new crypto currencies. This paper explains the emergence and functioning of the Bitcoin, its characteristics and functions, the benefits and risks that it carries, as well as possible scenarios of further development of the international monetary system with crypto currencies.

 Artículos similares

       
 
Tatiana Y. Anopchenko,Irina A. Pryadko,Kometa T. Paytaeva,Oksana S. Dubskaya,Anton D. Murzin     Pág. 1066 - 1074
The problem of accounting risk management of socio-economic development of territories has several aspects. Along with the relative novelty of the scientific development management, risk management tasks in industrial urbanization have not yet received s... ver más

 
Berna Tepe     Pág. 59 - 71
The judiciary in Turkey is still preparing for the expected intermediate appellate review (istinaf) mechanism in Turkey although the official date for its functioning is yet to be specified. Under Turkish law, a first instance court decision can be appea... ver más

 
Vlastimir Radomir Lekovic     Pág. 281 - 295
Abstract: Market economy is explained as a system characterized by private ownership and self-regulating market mechanism which enables the coordination of the activities of the economic actors. A thesis that only private entrepreneurship ensures economi... ver más

 
Laurentia Georgeta Avram     Pág. 49 - 58
Abstract. Firms with an ethical behaviour, which satisfy the conditions of morality, namely to respect applicable law articles, have certain characteristics: ?balance between profit and ethics; ethical values underlying the daily behaviour of individual ... ver más