CRYPTOCURRENCIES BETWEEN UTOPIA AND REALITY

Adela Socol
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Adela Socol: 1 DECEMBRIE 1918 UNIVERSITY OF ALBA IULIA

Annals - Economy Series, 2020, vol. 5, 200-207

Abstract: The typology of cryptocurrencies is a vast one and the existence of approximatively 1400 cryptocurrencies, besides tokens or crypto securities and applications of blockchain technology make the studying of this area of expertise even more difficult. This article intends to broadly understand the cryptocurrencies universe, to present a brief history of cryptocurrencies and their current development stage, while including quantitative data about the top 10 cryptocurrencies and their market capitalization. Other points presented in the article are the lack of regulation of virtual currencies, the influence that virtual coins have on real money, and the behavior of the central banks in regards to cryptocurrencies. Conclusions present an insecure, volatile and uncertainty future of cryptocurrencies.

Keywords: Cryptocurrencies; Unregulated domain; Bitcoin; Capitalisation of the cryptocurrency market (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2020:v:5:p:200-207

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