CRYPTOCURRENCIES - A NEW MODEL OF BUSINESS

Abstract

The development of technology has led to the creation of new phenomena in the financial world. One of these phenomena is crypt, digitally decentralized currencies created for the "world of the future - which is global and virtual, based on highly sophisticated technologies and mathematical algorithms. Cryptocurrency represent the global phenomenon of the new era, which has caused numerous controversies, condemnation and enthusiasm. After almost a decade of existence, the passions of support and the condemnation of the crypt are still not calmed down. It is an indisputable fact that in addition to all convictions and denial of the defendant, they have survived, and not only that, in recent years they have experienced rapid development. The Internet and globalization are the backbone of their development. The world of finance has no limits, everything is digitized and to a certain degree virtual. The crypto-logs were created in response to the needs created by the future trends. Crypto-calenders today are no longer a sign of a distant future, but a real means of payment with real consequences. In just a few years Bitcoin and Altcoins have become the bearers of a new time to trade in which no intermediary is needed and whose transactions are almost entirely anonymous, which makes a big departure from well-known practice. It should not be overstated and say that they have become a substitute for money and current business practice, but their impact on e-commerce is growing. The first and most famous bitcoin crypto has provided its place in the world of finance despite numerous denials. The rise in the value of bitcoin, its growing application and recognition by certain countries as a means of payment opens the way to accepting crypts as a new generation of currencies, the currency of the future.