Cryptocurrency – a future medium of exchange

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Date
2019
Journal Title
Journal ISSN
Volume Title
Publisher
Ivane Javakhishvili Tbilisi State University Press
Abstract
The article discusses the essence, the history of the emergence of electronic money – cryptocurrency, the necessity, the causes and the current state of its use; there is analyzed future blockchain technology as system of information protection, storage and transaction acceleration which was created at the beginning of the current century. There are given the author’s views about the supporting infrastructure (methods and means of mining and earning of cryptocurrency, cryptocurrency exchange centers, ATMs, exchanges, etc.) for recognition of cryptocurrency as a possible means of payment in prospect, about the state of legal regulation of cryptocurrency worldwide, the views of experts and well-known persons of this field and the well-known personalities and the proper conclusions are made
Description
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Keywords
Electronic money, cryptocurrency, cryptocurrency mining in Georgia, methods of cryptocurrency mining, methods of earning of cryptocurrency, exchanges, cryptocurrency – a medium of exchange
Citation
Economics and Business, №1, 2019, pp. 55-69
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