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Cryptocurrency – a modern kind of money
Petrenec, Vojtěch ; Baumgartnerová, Alena (oponent) ; Jašková, Jana (vedoucí práce)
Cryptocurrency has become a well-known phenomenon in the worlds of banking and electronic payments, but it is still a mystery to the general public, and not everything is explained so that anybody can trade with it. The focus of this thesis is on cryptocurrency. The study concentrates on the origins of cryptocurrencies, the principles on which their security works, why their transactions are untraceable, and how these transfers are carried out. Subsequently, the thesis deals with where the owner can store his cryptocurrencies, what types of wallets exist, what cryptocurrency mining deals with and what can be obtained through it. Individual cryptocurrencies are discussed in the second chapter of this thesis, including their history, and which wallets are appropriate for each coin. Furthermore, fiat currencies are discussed, including their history and the economic functions they perform. Lastly, these economic functions are applied to cryptocurrency. The purpose of this thesis is to gain a greater understanding of cryptocurrencies, including what they are, how they work, and how to deal with them as well as how they differ from fiat currency.
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Cryptocurrency – a modern kind of money
Petrenec, Vojtěch ; Baumgartnerová, Alena (oponent) ; Jašková, Jana (vedoucí práce)
Cryptocurrency has become a well-known phenomenon in the worlds of banking and electronic payments, but it is still a mystery to the general public, and not everything is explained so that anybody can trade with it. The focus of this thesis is on cryptocurrency. The study concentrates on the origins of cryptocurrencies, the principles on which their security works, why their transactions are untraceable, and how these transfers are carried out. Subsequently, the thesis deals with where the owner can store his cryptocurrencies, what types of wallets exist, what cryptocurrency mining deals with and what can be obtained through it. Individual cryptocurrencies are discussed in the second chapter of this thesis, including their history, and which wallets are appropriate for each coin. Furthermore, fiat currencies are discussed, including their history and the economic functions they perform. Lastly, these economic functions are applied to cryptocurrency. The purpose of this thesis is to gain a greater understanding of cryptocurrencies, including what they are, how they work, and how to deal with them as well as how they differ from fiat currency.
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