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Potential of cryptocurrencies in international trade
Plint, Sergey ; Hinčica, Vít (advisor) ; Jedlinský, Jakub (referee)
The aim of this bachelor's thesis is to assess the current development of cryptocurrencies, present information about their current state of development, introduce to four largest projects (Bitcoin, Ethereum, litecoin, Ripple) and to evaluate functioning of cryptocurrencies and blockchain technology in the context of start-ups and financial institutions. As a part of this work there is also provided an overview of legislation over cryptocurrencies globally, in the context of the European Union and the Czech Republic. Then there are also presented the actual use of technology, cutting-edge start-ups and their products. Finally the thesis evaluates the intersection of startups into different sectors and presents the views of experts working in various fields of economy.
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The Analysis of Security and Anonymity in Cryptocurrency Payments
Maňák, Michal ; Šebesta, Michal (advisor) ; Bruckner, Tomáš (referee)
Bitcoin and other cryptocurrencies are getting into common usage more and more frequently. Unfortunately this spread is connected with attempts to misuse their principles for personal benefit. The goal of this thesis is to explain the main principles of using bitcoin in relation to the internet identity. This connection is represented by two sources in the thesis: the first is a bitcoin blockchain, the second is the sum of various user profiles used in discussion forums and similar websites. The aim is to create and explain the process how to, by using the combination of this two sources, reveal the identity of a human using cryptocurrencies for payment (from a private person point of view). First, methods used for extraction of correct and useful data from the blockchain and internet profiles must be developed to be able to mine data from the joint database, merging into a full user profile containing personal data. Results of this investigation are extended by the rules of preserving anonymity on the internet, containing both technological and behavioural measures avoiding a share of personal data. The end of this thesis explains possible attack vectors that might be used for compromising cryptocurrencies. The methods of searching of the internet identity are a useful tool for facing these attacks.
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Cryptocurrency Bitcoin and its future development
Leopoldová, Lucie ; Čajka, Radek (advisor) ; Polách, Radomír (referee)
The main objective of this diploma thesis is to find out the potential of digital currencies to replace contemporary fiat currency. Specifically, the thesis is focused on cryptocurrency Bitcoin, which currently has the highest market value. The thesis is divided into three main chapters. The first one focuses on money itself and its function, not only today but also throughout the history. Second chapter explains substance and functioning of Bitcoin, as well as its role in the current monetary system. Likewise the question of regulatory measures and competition of altcoins is being examined. Final part analyses the future of digital currencies and it compares pros and cons of Bitcoin and money we use today. Furthermore, it is discussed whether Bitcoin is the next bubble in the financial market. In the end, main problems which Bitcoin and other cryptocurrencies deal with are mentioned and a possible future development is outlined.
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Analýza kryptoměn jako finančních instrumentů
Bartoš, Jakub ; Stroukal, Dominik (advisor) ; Chytilová, Helena (referee)
This paper analyzes cryptocurrencies as financial instruments. Firstly, we introduced the main features of cryptocurrencies and summarized the brief history. We found out that price of the most famous cryptocurrency Bitcoin follows the hypothesis of efficient markets and it immediately react on publicly announce information. Furthermore, Bitcoin can be seen as standard economic good that is priced by interaction of supply and demand on the market. These factors can be driven by macro financial development or by speculative investors, but there weren't found any significant impact of these factors on price of Bitcoin. CAPM shows the high risk of cryptocurrencies, but it could be still good instrument for diversification.
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