Bitcoin and Cryptographic Finance. Technology, Shortcomings and Alternative Cryptocurrencies

Lukas Leys

ISBN 10: 396095171X / ISBN 13: 9783960951711

Published by Studylab, Studylab, 2018

About this Item

nach der Bestellung gedruckt Neuware - Printed after ordering - Designed by an anonymous creator, Bitcoin is an intriguing and revolutionary modern technology and payment transaction infrastructure. But as with any new technology, there are many obstacles and threats on the path towards mainstream acceptance. What are the shortcomings of the Bitcoin protocol and Bitcoin as a currency Moreover, which competitors may one day be able to surpass Bitcoin and make it obsolete Could a suitable competitor replace Bitcoin, or will the open source virtual currency keep improving itself to make competition obsolete Traditional classifications for currencies do not adequately apply to Bitcoin. It is a new type of financial technology that entered the global market in 2008 and has since been able to draw the attention of investors, business leaders, regulators and politicians.Whereas a Dollar, Yen, Yuan or Euro can be hold like a currency, they cannot be secured and transacted simply by itself. Individuals have to rely on third party intermediaries in order to transfer funds for them and in order to store them securely. Contrary to that, one cannot focus on Bitcoin as a currency without acknowledging that it is also a transaction system in itself and would not be able to function is one part of this duality is gone. In fact it is even more precise to look at Bitcoin as a decentralized transaction and financial services system, with a currency function being only one aspect of the technology.In this book: Bitcoin; Ripple; cryptocurrency; financial technology; financial service; virtual currency; Diplomarbeit.

Seller Inventory # 9783960951711

Bibliographic Details

• Title: Bitcoin and Cryptographic Finance. Technology, Shortcomings and Alternative Cryptocurrencies
• Publisher: Studylab, Studylab
• Publication Date: 2018
• Language: English
• ISBN 10: 396095171X
• ISBN 13: 9783960951711
• Binding: Taschenbuch
• Condition: Neu
• Dimensions: 210W x 148H x 15D millimeters 210 millimeters width by 148 millimeters height by 15 millimeters depth
• Weight: 314 grams

About this title

Synopsis

Designed by an anonymous creator, Bitcoin is an intriguing and revolutionary modern technology and payment transaction infrastructure. But as with any new technology, there are many obstacles and threats on the path towards mainstream acceptance. What are the shortcomings of the Bitcoin protocol and Bitcoin as a currency? Moreover, which competitors may one day be able to surpass Bitcoin and make it obsolete? Could a suitable competitor replace Bitcoin, or will the open source virtual currency keep improving itself to make competition obsolete? Traditional classifications for currencies do not adequately apply to Bitcoin. It is a new type of financial technology that entered the global market in 2008 and has since been able to draw the attention of investors, business leaders, regulators and politicians. Whereas a Dollar, Yen, Yuan or Euro can be hold like a currency, they cannot be secured and transacted simply by itself. Individuals have to rely on third party intermediaries in order to transfer funds for them and in order to store them securely. Contrary to that, one cannot focus on Bitcoin as a currency without acknowledging that it is also a transaction system in itself and would not be able to function is one part of this duality is gone. In fact it is even more precise to look at Bitcoin as a decentralized transaction and financial services system, with a currency function being only one aspect of the technology. In this book: - Bitcoin; - Ripple; - cryptocurrency; - financial technology; - financial service; - virtual currency