The essence of the use of distributed ledger technology in the cryptocurrency market
https://doi.org/10.24182/2073-9885-2020-13-3-52-60
Abstract
This article discusses the role of using distributed ledger technology in the cryptocurrency market. The concepts of «cryptocurrency» and «distributed registries» are analyzed. The mechanism of the operation of distributed registries on cryptocurrency markets is considered.
About the Author
U. M. Kaplanov
Faculty of the financial markets, Financial University under the Government of the Russian Federation
Russian Federation
Russian Federation
Student.
Moscow.
Scientific adviser: A. V. Makeev - Assistant professor, Department of financial markets and banks, Financial University under the Government of the Russian Federation.
References
1. Mikhaylova E. A. The influence of the cryptomarket on stock exchange markets. Economics. 2020. № 1 (44). [Electronic resource] URL: https://cyberleninka.ru/article/n/vliyanie-kriptorynka-na-finansovyy-fondovyy-rynok.
2. Tantsyura M. Yu. The peculiarities of issuing a cryptocurrency in an intellectualized economics. Scientific Ledger: Finance, Banking, Investment. 2018. №2 (43). [Electronic resource] URL: https://cyberleninka.ru/article/n/osobennosti-emissii-kriptovalyuty-v-usloviyah-intellektualizatsii-ekonomiki.
3. Ascimento S., Pylvora A., Anderberg A., Andonova E., Bellia M., Catas L., Inamorato dos Santos A., Kounelis I., Nai Fovino I., Petracco Giudici M., Papanagiotou E., Sobolewski M., Rossetti F., Spirito L. Blockchain Now And Tomorrow: Assessing Multidimensional Impacts of Distributed Ledger Technologies. EUR 29813 EN, Publications Office of the European Union, Luxembourg. 2019.
4. CPMI. «Digital currencies». BIS. November 2015. [Electronic resource] URL: https://www.bis.org/cpmi/publ/d137.pdf.
5. ECB. «Virtual Currency Schemes». ECB. October 2012. [Electronic resource] URL: https://www.ecb.europa.eu/pub/pdf/other/virtualcurrencyschemes201210en.pdf.
6. Guseva I.A., Dzusova S.S., Kulikova E.I. The Financial and Economic Aspects of the Digital Economy. Studies in Computational Intelligence. 2019. Т. 826. С. 599-607.
7. IMF «Virtual Currencies and Beyond: Initial Considerations». IMF Staff Discussion Note. January 2016. [Электронный ресурс] URL: https://www.imf.org/external/pubs/ft/sdn/2016/sdn1603.pdf.
8. Natarajan H., Krause S., Gradstein H. Distributed Ledger Technology (DLT) and blockchain. World Bank Group. 2017. FinTech note №1. Washington, D.C. [Electronic resource] URL: http://documents.worldbank.org/curated/en/177911513714062215/pdf/122140-WP-PUBLIC-Distributed-Ledger-Technology-and-Blockchain-Fintech-Notes.pdf.
9. School of International and Public Affairs. Cryptocurriencies and Blockchain Technology: Evaluating Risk and Regulation in the Digital Currency. University of Columbia. 2019.
10. Witzig P., Salomon V. Cutting out the middleman: a case study of blockchain-induced reconfigurations in the Swiss Financial Services Industry. Universiffi de Neuchвtel. Working Paper 1. 2018/E. The Circulation of Wealth. [Electronic resource] URL: http://www.unine.ch/files/live/sites/maps/files/shared/documents/wp/WP-1_2018_Witzig%20and%20Salomon.pdf.
11. CoinMarketCap. [Electronic resource] URL: https://coinmarketcap.com/.
12. Kaplanov U.M. Mekhanizm primeneniya raspredelennykh reestrov platezhnymi sistemami: dostoinstva i nedostatki. Uchenye zapiski Rossiiskoi akademii predprinimatel'stva. 2020. T. 19. № 2. S. 122-130.
Review
For citations:
Kaplanov U.M. The essence of the use of distributed ledger technology in the cryptocurrency market. Entrepreneur’s Guide. 2020;13(3):52-60. (In Russ.) https://doi.org/10.24182/2073-9885-2020-13-3-52-60
Views:
599
Email this article 