Analysis of Ethereum

B.Sc. Rustam Bayev, BSc

Diplomová práce

Abstract:

The findings of the article testify that the use of cryptocurrencies all over the world tends to keep growing. Their advantages such as anonymity and enhanced opportunities of data protection incite the desire of customers all over the world to use such assets for their settlements. Major cryptocurrencies such as Bitcoin and Ethereum already hold firm positions as virtual currencies used in settlements and money transfers. However, a considerable issue impeding further development of cryptocurrencies is the lack of their effective regulation on the part of governments. The forecasting analysis based on the ARIMA model run in this thesis suggests that the price dynamics of Ethereum are expected to remain negative in months to come. The statistical data revealed to prove that the current trend is downward. This is preconditioned first of all by the overall negative dynamics of the cryptocurrency market and the high level of fluctuations associated with cryptoassets. However, according to expert estimates, Ethereum is highly likely to restore its growth soon, which is namely due to a more loyal attitude on the part of governments and to the undoubted benefits which Ethereum brings with its underlying technologies. Further growing use of the cryptocurrency and its benefits could contribute to an improved level of customer service all over the world, and to subsequent spreading of the use of cryptocurrencies in different economic sectors and industries.

Keywords

Ethereum, cryptocurrencies, currencies, payment systems, blockchain, Bitcoin, non-cash payments, virtual currencies

Jazyk práce: angličtina

Datum vytvoření / odevzdání či podání práce: 30. 11. 2018

Obhajoba závěrečné práce

• Vedoucí: Ing. Petr Procházka, MSc Ph.D.

Česká zemědělská univerzita v Praze

Provozně ekonomická fakulta

Magisterský studijní program / obor:
Economics and Management / Economics and Management