Cryptocurrency as an alternative to modern money
Journal Title: Економічний вісник університету - Year 2017, Vol 1, Issue 35
Abstract
With the rise of the modern technologies and wide implementation of digital systems, establishment of cashless economy is perspective trend in Ukraine. In contrast to the traditional kinds of money, which can be considered as a payment facility in online deals too, smart currencies have advanced level of security from cybercrime. These factors induce new “e-money” epoch and “cryptocurrency” term is extensively discussed. The aim of the article is to justify the perspectives of using cryptocurrencies for payment operations guided by historic aspect of research. The study is based on the use of historic and analysis and synthesis methods of research. The principles of cryptocurrency functioning and the essence of “blockchain” technology are analyzed. Formed the potential possibilities of blockchain bank integration. Previous conditions of origin and main stages of cryptocurrency development are determined. The essence of digital currency is revealed and Its main kinds are described. The history of development and functioning of cryptocurrency is divided into seven periods. Its proved, that cryptocurrency is not a full-fledged money but highly liquid asset, which perspectives on a worlds capital market are undeniable.
Authors and Affiliations
Mihaylo Tarasyuk, Dmytro Babin
Keywords
Related Articles
- EP ID EP306354
- DOI 10.24411/2306–546Х-2017-00039
- Views 85
- Downloads 0
Human capital and motivational features in modern Belarus
The subject of analysis is human capital and motivation factors in the Republic of Belarus. The purpose of the study is to determine the nature of human capital and the determination of his motivating factors. Purpose: T...
Государственное стимулирование экспорта несырьевых товаров: опыт зарубежных стран и направления совершенствования в Республике Беларусь
В статье рассматривается опыт государственного стимулирования экспорта несырьевых товаров в зарубежных странах, а также государственное стимулирование экспорта в Республике Беларусь. Предметом исследования явля...
Influence of Ukrainian stock market misbalances on economic development of the country with consideration of shadow economy schemes
The subject of the following research is modeling and empirical analysis of the influence of Ukrainian stock market misbalances and shadow economy volume on country economic development. The purpose of the research is th...
Anti-crisis marketing as a component of strategic management
Object of research are features of anti-recessionary marketing as a component of strategic management. The main objective of a research consists in definition of crisis marketing response strategies which have to join in...
Tourism in Ukraine: decline or a slow start?
The object of study is tourism industry of Ukraine, its problems, causes, signs of decline, as well as definitions of key indicators and model further development of tourism in Ukraine. The purpose of this writing. To su...