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February 15, 2018· KnE Social Sciences
article
Open access

Retrospective and Prospects for the Development of Cryptocurrency

Authors:T. E. KaminskayaL. D. Kurbanova

Abstract

The article discusses the retrospective of cryptocurrencies, theoretical understanding of the digital currency, its value and essence. The tendencies and prospects of cryptocurrencies development. The article focuses on the lack of a legal framework regulating relations in the field of "mining" and circulation of cryptocurrencies. Keywords: cryptocurrency; digital currencies; bitcoin; electronic money; mining; cryptographic methods of information protection.

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