Bitcoin and other virtual currencies

Diana Rokhmina

Bakalářská práce

Abstract:

In virtue of the enthusiasm of IT specialists, virtual currencies have emerged, becoming a novelty for the exchange market, and subsequently have successfully embedded in it, receiving recognition of financial experts and analysts. The most successful and well-known cryptocurrency today is Bitcoin. Bitcoins are computer files, analogous to music or a text document. Just like cash it can be destroyed or lost. However, unlike traditional currencies, it is not controlled by a single company, financial institution or government. Instead, its work is based on peer-to-peer network of clients running the open-source Bitcoin software. (David Allen Bronleewe, 2011) Its storage is either trusted on an online service or it’s being kept on a personal computer and can be spent on both virtual and real goods and services. This thesis work discusses the concept of e-money and digital currencies, factors that influence its development and affect its value. It explains the idea behind futures, summarizes all relevant data about the most successful digital currencies of today and clarifies the outcomes of Bitcoin’s innovative intrusion and possible ways of its further development.

Keywords

Cryptocurrency, digital payment, transaction, blockchain, Bitcoin

Jazyk práce: angličtina

Datum vytvoření / odevzdání či podání práce: 15. 3. 2018

Obhajoba závěrečné práce

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

Česká zemědělská univerzita v Praze

Provozně ekonomická fakulta

Bakalářský studijní program / obor:
Economics Policy and Administration / Business Administration