Η οικονομία του ηλεκτρονικού νομίσματος
Cryptocurrency, an encrypted peer-to-peer network to facilitate digital exchange, is a technology that was developed eight years ago. Whilst Cryptocurrencies are unlikely to replace the traditional fiat currency, they could change the way Internet-related global markets interact by removing obstacles around national currencies and exchange rates. Technology is advancing rapidly and the success of a given technology is almost exclusively driven by the market it seeks to improve. Cryptocurrencies can revolutionize digital commerce markets by creating a free, free-of-charge trading system. The Present Work entitled "The Economics of Electronic Currency" explains and analyzes the whole range of actions for the creation, purchase and sale of cryptographic data. You also analyze the technology on which the Cryptocurrencies are based. That is, the Blockchain chain.Understanding the ability of Cryptocurrencies to replace current currencies requires an examination of the extent to which Cryptocurrencies meet the main characteristics of money: a measure of value, a value store, and a means of exchange.The second issue is how Cryptocurrencies may change the nature of monetary policy and its implementation. Traditional money management by monetary policy authorities is partly automatic and partly discreet. The encryption protocol works with a predefined algorithm, making its management fully automatic. It is difficult today to imagine how the algorithms could be fully effective in dealing with complex decisions in an uncertain world. Most importantly, however, the lack of a real person behind automatic decision-making implies that such algorithms could not be taken into account.This is a significant gap because the value of a currency is a key element of society's prosperity and therefore decision-making in relation to this currency is aforce to be carefully monitored. Monetary policy holders to whom this power is granted form part of the set of national policies that are subject to monitoring and review. Monetary institutions may eventually be rejected if they are deemed necessary.