6533b823fe1ef96bd127e3f8
RESEARCH PRODUCT
The Possibility of Performing Money Functions by Digital Currencies Illustrated With an Example of Bitcoin
subject
financial systemmoneybitcoinvirtual currenciesmoney functionsdigital moneydescription
In this paper the considerations on possibility of performing money functions by digital currency with an example of bitcoin are presented. The conditions of bitcoin emerge and its spectacular dynamic development caused by limitations of contemporary financial system are being discussed. This paper introduced one of the most popular digital currencies — bitcoin in terms of three elementary economic functions of money: mean of exchange, measure of value and store of value.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2018-01-01 |