The Conceptual Principals of Bitcoin Crypto Currency
- 1 Turan University, Kazakhstan
Abstract
In recent years, ideas about crypto currencies with interesting and new for today monetary principles becoming more and more popular. The crypto currencies' met different attitude to it new for the world finances principals. There are different talks. Ones think that it may improve monetary system, others think that it is a toy money that may cause instability and crash the world finance. However, the fact is that innovative concept of e-currency still developing and becoming more popular and in this way crypto currencies, particularly the most popular one-bitcoin is more useful and more preferable way of transaction in Internet. For today its audience accumulated a 9 billion USD on exchange stocks specially designed for crypto currency. The paper is about the new currency and about its innovative principles that can be used in current financial situation.
DOI: https://doi.org/10.3844/jcssp.2015.995.999
Copyright: © 2015 Seitim Aiganym. This is an open access article distributed under the terms of the
Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
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Keywords
- Crypto Currency
- Bitcoin
- Decentralized System
- Deflation Theory of Money
- Theory of Demand and Supply
- Peer to Peer Principle