Development of virtual currency schemes Cover Image

Rozwój wirtualnych systemów monetarnych
Development of virtual currency schemes

Author(s): Marta Musiał, Piotr Mackiewicz
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: virtual money; virtual currency schemes; Bitcoin

Summary/Abstract: The whole world conducts a lively discussion about a new creation, namely virtual currency schemes. The questions arise: What differs them from currently known systems? Do those currencies posses any real value? and finally: Do they pose any threat to conventional and current monetary systems and world economy? The interest of European Central Bank and FED into them shows how important they are. The aim of this article is to present opportunities and threats coming from the development of virtual currency schemes. The article is composed of short history of currencies showing the creation of virtual currencies as well as discusses the classification of virtual currency schemes, which is important to analyze the development direction of these schemes, as well as its chances and threats.

  • Issue Year: 2014
  • Issue No: 1 (18)
  • Page Range: 132-141
  • Page Count: 10
  • Language: Polish