Practical Aspects of the Bitcoin System
Computers and Society
2013-09-02 v1 Cryptography and Security
Abstract
Digital payment schemes show an ever increasing importance. Out of the countless different schemes available this article focuses on the popular Bitcoin system. The authors provide a description of Bitcoin's unique technological basis and its accompanying ecosystem of users, miners, trading platforms and vendors. Furthermore, this article discusses Bitcoin's currency-like features and the first regulatory actions take in the European Union and in the United States of America.
Keywords
Cite
@article{arxiv.1308.6760,
title = {Practical Aspects of the Bitcoin System},
author = {Artus Krohn-Grimberghe Christoph Sorge},
journal= {arXiv preprint arXiv:1308.6760},
year = {2013}
}
Comments
Covers content till end of May 2013. Was submitted to Communications of the ACM but got rejected ("well written but out of scope")