The Cryptocurrency Bitcoin And Causal Effects Of Market Volatility

Lingua: inglese

Editore: GRIN Verlag Jun 2020, 2020

334616554X / 9783346165541

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This item is printed on demand - Print on Demand Titel. Neuware -Academic Paper from the year 2018 in the subject Economics - Monetary theory and policy, grade: 9/10, International School of Management, Campus Munich, course: Financial Geography, language: English, abstract: This work is about bitcoin and illegal trading as well as fluctuations and the causal effect of it. The recent emergence of new technologies in the financial sector and virtual communities lead to new types of transactions and started questioning the relevance of financial centers around the world. The main reason for the emergence of virtual currencies (cryptocurrencies) is not necessary incapability or shortcomings of traditional currencies, but rather the development of the internet and its networks. Unfortunately, cryptocurrencies raise more controversies on questions such as legal framework, financial risks or effect on the economy ¿ this is a challenge for the financial sector and the existence of financial centers. In the beginning, it is necessary to define Virtual Currencies. This type of currency can be defined as International Monetary Fund (IMF) in a research 'Monetary and Capital Markets, Legal, and Strategy and Policy Review Departments' describes digital representations of value, issued by private developers and denominated in their own unit of account. This definition clarifies the usage of virtual currencies as it has the functionality to be transacted electronically, stored, accessed if two parties of a transaction confirm an exchange. Virtual currencies emerged because of the creation of a blockchain or so-called distributed ledger system. This system is exceptional because of decentralization principles. The most important detail in a system is the unique ledger of transactions. Bitcoin technology allows to have a consensus between members of a network and decentralize transactions within a network.GRIN Publishing GmbH, Waltherstraße 23, 80337 München 24 pp. Englisch.

Codice articolo 9783346165541

Titolo
The Cryptocurrency Bitcoin And Causal Effects Of Market Volatility
Autore
Gabriele Pauliuk
Editore
GRIN Verlag Jun 2020
Anno di pubblicazione
2020
Condizione
Neu
Rilegatura
Taschenbuch
Lingua
inglese
ISBN 10
334616554X
ISBN 13
9783346165541
Peso dell'articolo
51 grammi
Dimensioni
210x148x3 mm

buchversandmimpf2000

Emtmannsberg, BAYE, Germania

Venditore con 5 stelle

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