Research of Current Situation and Risk of Bitcoin

Yi Qing Lu

doi:10.4028/www.scientific.net/AMR.989-994.5066

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HomeAdvanced Materials ResearchAdvanced Materials Research Vols. 989-994Research of Current Situation and Risk of Bitcoin

Research of Current Situation and Risk of Bitcoin

Abstract:

Bitcoin is a pure electronic money based on cryptographic proof instead of trust. The principle of Bitcoin can allow any two willing parties to transact directly with each other without the need for a trusted third party. Bitcoin can represent a totally new anarchy virtual currency and an innovation of digital currency. But its development also needs to face to the security of national policy risk, technology risk and trading risks.

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Periodical:

Advanced Materials Research (Volumes 989-994)

Pages:

5066-5069

DOI:

https://doi.org/10.4028/www.scientific.net/AMR.989-994.5066

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Online since:

July 2014

Authors:

Yi Qing Lu*

Keywords:

Bitcoin, Digital Money, Electronic Currency, Peer-to-Peer, Virtual Currency

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* - Corresponding Author

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