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arXiv · 1308.6760

Practical Aspects of the Bitcoin System

Artus Krohn-Grimberghe Christoph Sorge
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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.

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Artus Krohn-Grimberghe Christoph Sorge. 2013-08-30. Practical Aspects of the Bitcoin System. https://arxiv.org/abs/1308.6760

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