CURRENCY IN THE WORLD: STATE, REGULATION AND PERSPECTIVES
Journal Title: Економічні студії - Year 2018, Vol 2, Issue 20
Abstract
The article is devoted to the study of the peculiarities of the process of introduction of cryptographic goods in the world. The essence of cryptography is disclosed and it is determined that Bitcoin is the most well known and most commonly used cryptic currency today. Crypto currency is not secured and exists on the trust of users. The main advantage that attracts Bitcoin users is anonymity. It is known that the cryptographic system is based on a blockade system – a distributed database. It is found out that the more popular the coin, the more memory is needed to store it. It is determined that it is created using electronic computing and is a code. The process of creating such a code is called Mining. The introduction of cryptography in different countries is presented. The advantages and disadvantages that are hampered by its development and use in the world are illustrated. These courses cry for today. The prospects for the further development of cryptography are determined.
Authors and Affiliations
T. I. Batrakova, Ya. O. Turubarova
Keywords
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