Digital currencies have flourished in recent years, buoyed by the tremendous success of Bitcoin. These blockchainbased currencies, called altcoins, are associated with a few thousand to millions of dollars of market capitalization. Altcoins have attracted enthusiasts who enter the market by mining or buying them, but the risks and rewards could potentially be significant, especially when the ma...

We use a spatial competition based model in a two-stage game setup to assess whether equilibrium in exchange rates among the leading currencies is attainable. We show that a stable equilibrium can be reached in the case of two leading currencies, but not in the case of three. In our model, central banks of leading currencies attract, through the workings of their objective and policy, small cur...

This article examines the rise of digital currencies in Eurozone. By probing into National Strategy regarding Digital Agenda for Romania 2020 (Romanian Government, 2015), we are aiming to present future researchers with a set propositions continue inquiry on possible opportunities derived from emerging associated innovation Decentralized Financial sector. exploratory case study is determined id...

In this paper we explain the basics of Bitcoin protocol and the state of the art of the main attacks to it. We first present an overview of digital currencies, showing what they are and the social need they aim to satisfy. We then focus on the main digital currency up to date, Bitcoin. We treat the basics of the protocol showing what are addresses and transactions and how they are used in a dis...

Objective: to determine the essential foundations of digital currencies central banks and, based on experience Yuan introduction in China, substantiate directions for improving concept ruble Russia and feasibility issuing a currency Belarus. Methods: article uses empirical, logical, comparative statistical methods within systematic approach areas development currency. Results: key characteristi...

To examine whether the recent price patterns and transaction costs of Bitcoin represent a general characteristic of decentralized virtual currencies, we analyze virtual currencies in online games that have been voluntarily managed by individuals since 1990s. We find that matured game currencies have price stability similar to that of small size equities or gold, and their transaction costs are ...

Praise be to God, Lord of the worlds, who guided us and brought out darkness into light, prayers peace upon messenger as a mercy delivered message advised nation, all his family companions. Digital currencies are one modern calamities that many people wonder about, some confused how deal with them. Is it an illusion or reality? Most dealers digital about its legal ruling whether provisions appl...

None