The Cryptocurrencies – Myths and Realities Cover Image

Криптовалутите – митове и реалности
The Cryptocurrencies – Myths and Realities

Author(s): Olya Harizanova
Subject(s): Social Sciences, Economy, Library and Information Science, Information Architecture, Other, Socio-Economic Research
Published by: Софийски университет »Св. Климент Охридски«
Keywords: cryptocurrencies; bitcoin; altcoins; web safety; internet consumption

Summary/Abstract: The article presents some issues that are still controversial and some of them still shrouded in speculation. The research is about Coin Systems (Cryptocurrency) that already have a strong influence on markets and assume the role of an actor in financial flows. Coin Systems influence production and marketing of hardware and e-business as a whole. On the financial markets now, join new currencies, new forms of exchange and new competitors. On the other hand, what is happening with Coin Systems can be seen as another step in the search for solutions on the constant pursuit of increased profits as a whole. What predictions can outline concerning the future of Coin Systems and financial flows in the modern world? The answer of the question in fact is delineation the direction of Information Society, the trends of the Internet of Things and the modern ecosystems (heavily influenced by IT). Obviously, the new exchange by the Cryptocurrency inevitably targets allocate of superabundance. But for the first time these currencies are created by software that follows a mathematical formula. Mathematical formula and software are freely available to anyone who wishes to use them. Then? Is there a revolution in the field of exchange funds? If "yes", whether and how it is related to the phenomenon Coyne-ecosystem? Can it assume that the level of knowledge and skills in the use of virtual tools will be the key factor which heavily influences the differentiation of people and their digital equality / inequality?

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