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Finance and Credit
 

Bitcoin. State and prospects of cryptocurrency development

Vol. 20, Iss. 23, JUNE 2014

Available online: 14 June 2014

Subject Heading: MONETARY CIRCULATION

JEL Classification: 

Pages: 44-47

Butenko E.D. Institute of Economy and Management of North Caucasian Federal University, Stavropol, Russian Federation
edbutenko@gmail.com

The article notes that the word "bitcoin" sounds often in financial spheres and discusses opportunities and risks of this virtual currency. The technology of bitcoin creation can be defined as product creation by means of difficult algorithm. The author specifies on the condition of virtual currency now (its course), its prospects, advantage and estimates shortcomings, and makes short recommendations on work with bitcoin.

Keywords: Internet, currency, electronic payment, bitcoin, issue, mining, transaction

References:

  1. Drozd A. Kriptovaliuty kak venchurnyi proekt. Bitkoin obnovil istoricheskie maksimumy, laitkony ustremilis' vverkh [Cryptocurrencies as venture project. Bitcoin updated historical maxima, lightcoin directed up]. Available at: Link. (In Russ.)
  2. Korolev V.A., Lamteva E.D. Problemy razvitiia internet-bankinga v regionakh Rossiiskoi Federatsii [Development problems of internet banking in the regions of the Russian Federation]. Finansy i kredit – Finance and credit, 2007, no. 26, pp. 2–4.
  3. The official website bitcoin in Russia. Available at: Link. (In Russ.)
  4. Tolkachev A., Osipova K. Vozmozhnosti i riski ispol'zovaniia bitkoin v Rossii (iuridicheskii analiz tsifrovoi valiuty) [Opportunities and risks of use of bitcoin in Russia (legal analysis of digital currency)]. Available at: Link. (In Russ.)
  5. Bitcoin. How does this work. Available at: Link. (In Russ.)
  6. Available at: Link. (In Russ.)

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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