THE ROLE OF BITCOINS IN THE ECONOMY. THE PRODUCTION OF COINS
(224-226)

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Annotation:
The paper deals with the digital currency and the network of Bitcoin. It explains what is a network, the roles of its participants, and how they carry out the transaction. In particular the paper introduces and explains concepts such as bitcoin, blockchain, mainig. Additionally, this work provides an overview of the market model Bitcon. In conclusion, there are the opportunities for using of cryptocurrency and its technologies.
How to Cite:
Vakhranev A.V., (2016), THE ROLE OF BITCOINS IN THE ECONOMY. THE PRODUCTION OF COINS. Business in Law, 6: 224-226.
Reference list:
Nakamoto S. Bitcoin: A Peer-to-Peer Electronic Cash System. www.Bitcoin.org. 2009.
Luisanna Cocco, Michele Marchesi, Modeling and Simulation of the Economics of Mining in the Bitcoin Market https://arxiv.org 2016
Nathaniel Popper, Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money Harper Paperbacks; Reprint edition (May 24, 2016)
EmerCoin -Innovation in cryptocurrency, http://emercoin.com
Wood, Gavin, Ethereum: A Secure Decentralised Generalised Transaction Ledger (PDF) http://gavwood.com/Paper.pdf 2014.
Description of SHA-256, SHA-384, and SHA-512 https://web.archive.org/web/20130526224224/http://csrc.nist.gov/groups/STM/cavp/documents/shs/sha256-384-512.pdf.
Keywords:
Bitcoin, mining, Blockchain, a smart contract.