Cryptocurrencies — Virtual Gold
Abstract
Cryptocurrency is a term not coincidentally made up of two elements: the prefix crypto- and the noun currency. It is basically a means of settlement, not stored, however, in the computer system of any bank, but rather maintained by thousands of computers scattered around the world. It is built on a technology called blockchain. How are cryptocurrencies created? Can something that does not physically exist have value? It is still difficult to say if cryptocurrencies have more advantages or disadvantages.
Keywords
cryptocurrencies; bitcoin; banks; blockchain; cryptography
University of Silesia in Katowice Poland
University of Silesia in Katowice Poland
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