THE ROLE OF BITCOINS IN THE ECONOMY. THE PRODUCTION OF COINS
( Pp. 224-226)
More about authors
Vakhranev Anton V.
aspirant
Lomonosov Moscow State University
Lomonosov Moscow State University
Abstract:
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, ofitsial nyy sayt 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.
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, ofitsial nyy sayt 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.
Related Articles
Artificial Intelligence and Machine Learning Pages: 11-21 DOI: 10.33693/2313-223X-2024-11-2-11-21 Issue №119881
Development of a Cryptocurrency Trading Strategy Using Machine Learning Methods
cryptocurrency
Bitcoin
trading strategies
machine learning
moving averages
Show more
8. CIVIL LAW BUSINESS LAW FAMILY LAW; PRIVATE INTERNATIONAL LAW 12.00.03 Pages: 182-190 DOI: 10.33693/2541-8025-2020-16-5-182-190 Issue №17564
Specifics of the network model of innovation in pharmaceuticals in the context of intellectual property protection
networking
network model of innovation
knowledge growth
pharmaceuticals
intellectual property protection
Show more
9. ECONOMICS AND NATIONAL ECONOMY MANAGEMENT, ENTREPRENEURSHIP, MARKETING, MANAGEMENT Pages: 89-92 Issue №2928
CREATIVE ECONOMY: INTEGRATION OF INDUSTRIAL AND POST-INDUSTRIAL SECTORS
the manufacturing industry
mining
gross value added
efficiency
Show more
ЧАСТНО-ПРАВОВЫЕ (ЦИВИЛИСТИЧЕСКИЕ) НАУКИ (СПЕЦИАЛЬНОСТЬ 5.1.3.) Pages: 163-168 Issue №24364
Conflict Regulation of Digital Law in the Russian Federation
conflict binding
digital financial assets
utilitarian digital rights
digital currency
blockchain
Show more
9. CRIMINAL LAW AND CRIMINOLOGY; CRIMINAL ENFORCEMENT LAW 12.00.08 Pages: 169-174 Issue №19457
Virtual Currency as a Subject of Theft
cryptocurrency
bitcoin
blockchain
crime
digital rights
Show more
ЧАСТНО-ПРАВОВЫЕ (ЦИВИЛИСТИЧЕСКИЕ) НАУКИ (СПЕЦИАЛЬНОСТЬ 5.1.3.) Pages: 169-174 Issue №24364
Analysis of Russian Legislation on Digital Currency from Legalization to Prohibition
blockchain
cryptocurrency
bitcoin
digital currency
objects of civil rights
Show more
6. CIVIL LAW, BUSINESS LAW, FAMILY LAW; PRIVATE INTERNATIONAL LAW 12.00.03 Pages: 156-160 Issue №18348
Possibility of paying to the authorized capital of legal entities in digital rights
regulation
digital rights
digital financial assets
blockchain
cryptocurrency
Show more
PRIVATE LAW (CIVIL) Pages: 164-171 Issue №24449
Regulatory Considerations for Smart Contracts in the USA
Smart contract
blockchain
distributed ledger technology (DLT)
United States contract law
computer code.
Show more
8. CIVIL LAW BUSINESS LAW FAMILY LAW; PRIVATE INTERNATIONAL LAW 12.00.03 Pages: 174-181 DOI: 10.33693/2541-8025-2020-16-5-174-181 Issue №17564
Features of the network model of innovation activity in the robotics cluster in the context of intellectual property protection
networking
network model of innovation-making
innovations
knowledge growth
robotics
Show more
SPECIALTY 12.00.03 Pages: 140-143 Issue №14694
REVISITING THE BLOCKCHAIN TECHNOLOGY LEGAL REGULATIONS: FOREIGN EXPERIENCE ANALYSIS
blockchain
distributed ledgers
foreign experience
cryptoassets
cryptocurrency
Show more