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Analysis of digital currency Bitcoin
Huřťák, Petr ; Brixí, Radim (advisor) ; Kalina, Jaroslav (referee)
Bachelor's thesis is focused on digital currency Bitcoin, mainly on Bitcoin transactions and their attributes like speed, fees and safety. Main goals of this thesis are three, analysis of bitcoin buying possibilities in Czech Republic, comparison of Bitcoin transactions with common payment methods like bank transfers, credit card payment or PayPal, and analysis of number of merchants accepting bitcoin in time and discovery of trend from these data. This thesis is divided into theoretical and practical part. In theoretical part there are described basics of cryptography, which are necessary for understanding Bitcoin, and in depth description how Bitcoin works. Practical part is focused on fulfilment of described goals, besides that thesis is also addressing Bitcoin clients and comparison between most popular ones. Contribution of this bachelor's thesis is analysis of bitcoin buying possibilities in Czech Republic, comparing Bitcoin transactions with transactions of standard payment methods in terms of fees and time, and analysis of trend in number of merchants accepting bitcoin as one of the payment method.
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Problems virtual currency - Bitcoin
Matej, Pavel ; Veber, Jaromír (advisor) ; Klíma, Tomáš (referee)
Bachelor's thesis is focused on digital currency Bitcoin, This thesis is trying to bring new coherent view on: how work Blockchain, how is the transaction created and focusing on security methods of transactions even whole block and processes associated with it. The main objective of this thesis is to highlight risks and threats to which Bitcoin is currently facing. Structure of the thesis is divided into theoretical and practical part. In the theoretical section is described the basic principles of Blockchain and a description of how it works in detail transactions. The practical part deals with the fulfillment of the stated objectives, in addition, also focuses on market research and draw conclusions about how expensive it is to dispose of Bitcoin. The contribution of this work is to analyze the weaknesses Bitcoin's architecture. This work describes the problems associated with scaling Bitcoin and hacking methods which could Bitcoin badly damage.
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