21 million bitcoin

Опубликовано: 9 окт. 2016 г.The dramatic increase last year in the price of Bitcoin, the dominant virtual currency, a lot of public attention and aroused scientific interest. This guideline deals with the way some of Bitcoin functions as designed and implemented to date, its ability to provide the required functions of a fiat currency hampered as a medium of exchange, unit of account and store of value.

We also have documented how different forms of intermediaries, both were born on and off of the block chain and evolved in the Bitcoin network, especially for the convergence to the concentrate treatment.
We argue that much of this process would be predicted by established theories of financial intermediation, and we believe that the involvement of theories for the future development of intermediate users use coins or a virtual alternative Bitcoin. We then compare Bitcoin with other innovations to facilitate the payment of competitive payment protocols into digital money electronically replacement.
We conclude with a general evaluation of the main factors that are likely to shape the future development of Bitcoin in relation to other payment alternatives.

We expect the Bitcoin lasting legacy will be the innovations he urged the payment technology, although the payment system will remain dominated by large transformers due to economies of scale.