Cryptocurrency and prospects of its development

Abstract

The article discusses the essence and peculiarities of cryptocurrency, as a modern type of electronic money and blockchain technology, an electronic wallet and its characteristic features, dynamics of development of cryptocurrency types, especially bitcoin, methods of cryptocurrency mining and earning, also conditions for cryptocurrency mining and investing, and emission of the local currency in Georgia, the factors influencing the cryptocurrency rate, condition in regulation over the cryptocurrency circulation in different countries of the world, considerations of different famous researchers on the future of cryptocurrency, and the author’s conclusions are made.