DIGITAL CURRENCY BITCOIN
Journal Title: The Turkish Online Journal of Design, Art and Design (TOJDAC) - Year 2014, Vol 4, Issue 3
Abstract
Bitcoin created as an academic article in 2008 and realized first transaction in 2009 is a digital/electronic currency which is designed on computer and built from calculating an algorithm. It developed rapidly and skyrocketed its market value in last two years by increasing its number of users and demand. The system designed by the pseudonymous person is not depend on neither any government nor a guarantor or an audit institution that the classical monetary system has. The transactions are realizing peer-to-peer network system and the cost of transaction is almost nothing. On the other hand Bitcoin inholds some of problems stemming from its uncontrollable features by any authority such as government, central banks etc. However the system which can be defined as a interdisciplinary study is a good sample in respect of digital innovations. In this study; emerge of Bitcoin, its features, place in World and Turkish economy, transaction methods are researched and worked on a SWOT analysis for new digital currency.
Authors and Affiliations
Asuman SÖNMEZ
Keywords
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- EP ID EP101432
- DOI 10.7456/10403100/001
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