| Year | 2014 |
|---|---|
| Author | M.d. Kamrul Islam, Vasiliki Ntarzanou, Miguel Portela, Fernandes de Almeida Pereira |
| Publisher | Aalborg University Copenhagen |
| Link | View Research Paper |
| Categories |
Bitcoin / Cryptocurrencies |
The peer-to-peer virtual currencies market is one of the most exciting markets of our time, driven by an ocean of innovation which is changing its shape every day. In this ocean there is the Bitcoin case, which is a superlative of what a community together can do. Every day new features and services are added to Bitcoin and there are hundreds of people making sure that the Bitcoin network and its ecosystem is always updated with improving quality.
In this project, the Bitcoin case is being studied in detail and the authors will introduce a new tool that will be used to analyse many of the different aspects related to Bitcoin. This framework will be called BitPIN Framework and will include several theoretical frameworks that are crucial to the understanding of the ecosystem of Bitcoin, in an attempt to find out the reasons for the development and growth of virtual currencies the last few years as well as what t he near future holds for them.
The volatility of all virtual currencies do not allow any definite conclusions about Bitcoin being the standard in the future but so far Bitcoin is the most important player while it is complemented by many other services and products and has a strong community that supports it.
Nevertheless, this can change in the future based on regulations, expectations about its value and many other factors, making it hard to
predict the developments in this market.