BitCoin exclusively informational money: a valuable review from 2010 to 2017

Jyotir Chatterjee, Le Hoang Son (), Srijani Ghatak (), Raghvendra Kumar () and Manju Khari ()
Additional contact information
Le Hoang Son: Division of Data Science, Ton Duc Thang University
Srijani Ghatak: RSR-RCET
Raghvendra Kumar: LNCT Group of Colleges
Manju Khari: AIACT&R

Quality & Quantity: International Journal of Methodology, 2018, vol. 52, issue 5, No 4, 2037-2054

Abstract: Abstract In this paper, we provide a state of-the-art survey over Bitcoin related technologies and sum up various challenges. Bitcoin is the first and most prevalent decentralized crypto-currency to date. It is decentralized peer-to-peer digital currency in which coins are produced by an appropriated set of excavators and exchange are communicated by means of a peer-to-peer organize. While Bitcoin gives some level of secrecy by urging clients to have any number of irregular looking Bitcoin addresses, late research demonstrates that this level of obscurity is fairly low. This urges clients to associate with the Bitcoin arrange through anonymizers like Tor and propels advancement of default Tor usefulness for prevalent versatile customers. A low-asset aggressor can increase full control of data streams between all clients who utilized Bitcoin over Tor. Specifically, the aggressor can connect together client’s exchanges paying little respect to pen names, control which Bitcoin squares and exchanges are handed-off to the client and can defer or dispose of client’s exchanges and pieces. Bitcoins have risen as a conceivable competitor to regular monetary forms, yet other crypto-monetary forms have similarly showed up as competitors to the Bitcoin currency. The extending business sector of crypto-monetary forms now includes capital comparable to 1010 US Dollars, furnishing the scholarly community with a bizarre chance to examine the development of significant worth. Bitcoin is an absolutely online virtual currency, unbaked by either physical wares or sovereign commitment; rather, it depends on a mix of cryptographic security and a peer-to-peer protocol for seeing settlements. Understanding Bitcoin related technologies and challenges would help maximize its usage in community.

Keywords: Decentralized; P2P; Digital currency; Peer-to-peer network; Anonymity; Tor; Crypto-currencies; Virtual currency (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://link.springer.com/10.1007/s11135-017-0605-5 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:qualqt:v:52:y:2018:i:5:d:10.1007_s11135-017-0605-5

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/11135

DOI: 10.1007/s11135-017-0605-5

Access Statistics for this article

Quality & Quantity: International Journal of Methodology is currently edited by Vittorio Capecchi

More articles in Quality & Quantity: International Journal of Methodology from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().