The Need of Cryptocurrency on Today’s Market and the Evolution of the Needed Processing Power

  • Stefan SFICHI “Ştefan cel Mare” University of Suceava, Faculty of Economics and Public Administration, Suceava, Romania
DOI: https://doi.org/10.18662/lumproc.94
Keywords: Need of cryptocurrencies; evolution of crypto; processing power; crypto market.

Abstract

This paper intends to review the need of cryptocurrency on the European and International market. Why cryptocurrency is bad and good at the same time for the international financial market is one of the main issues of this paper. Where are Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin going to and why cryptocurrencies are necessary on today’s market. Although there is no sure thing on crypto, on the long term, the market keeps going up and there is much interest in this direction.

References

[1] Narayanan A, Bonneau J, Felten E, Miller A, Goldfeder S. Bitcoin and cryptocurrency technologies – A Comprehensive Introduction. Princeton University Press, ISBN 978-0-691-17169-2, 2016.
[2] Retail e-commerce sales worldwide from 2014 to 2021 (in billion U.S. dollars) Retrieved at: https://www.statista.com/statistics/379046/worldwide-retail-e-commerce-sales/
[3] Deloitte’s China E-Retail Market Report 2016. Retrieved from: delloite.com.cn
[4] https://coinmarketcap.com
[5] https://en.wikipedia.org/wiki/S%26P_500_Index
[6] https://marketcalls.in
[7] http://buying-gold.goldprice.org/2008/01/what-happened-to-gold-price-in-1980.html
[8] https://www.investopedia.com/university/options/
[9] https://cointelegraph.com/news/unpacking-the-5-biggest-cryptocurrency-scams
[10] https://highcharts.com
Published
2018-12-11
How to Cite
SFICHI, S. (2018). The Need of Cryptocurrency on Today’s Market and the Evolution of the Needed Processing Power. LUMEN Proceedings, 6(1), 441-448. https://doi.org/10.18662/lumproc.94
Issue
Vol 6 No 1 (2018): Strategies and Development Policies of Territories: International, Country, Region, City, Location Challenges
Section
Informatics, Digital Economy and Social Media

Copyright (c) 2018 LUMEN Proceedings

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