By Snorri Christian Glaeser
Cryptocurrencies are frequently linked to the Wild West, as there are nonetheless plenty of open questions bearing on its nature juristically, economically and tax prestige. the cost of a Bitcoin has been growing to be with recurrences of excessive fluctuations within the final years and has proven similarities to the options of a speculative Bubble. is that this assertion justified?
The media both praises Bitcoin as a good innovation, or demonizes it. This makes it very tough to procure an aim place approximately Bitcoin. This paintings analyses the features of Bitcoin and evaluates their relevance for a sustainable life. Are cryptocurrencies only a transitority phenomenon or should still we think them to be successful within the future?
The purpose of this paintings is to supply a cheap research of cryptocurrencies via investigating its greatest consultant, Bitcoin. the most study questions are therefore:
• How does Bitcoin work?
• What are the advantages and hazards of Bitcoin?
• How is the cost of Bitcoin determined?
• Can Bitcoin presently be pointed out as money?
• What does the longer term carry for Bitcoins development?
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Economic Analysis of Cryptographic Currencies on the Basis of Bitcoin by Snorri Christian Glaeser