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Evolution of the Financial Market. Cryptocurrency

Author

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  • A. Ya. Zaporozhan

Abstract

The article is devoted to the causes of the origin, the consequences of the functioning of the crypto currency and the prospect of restructuring the modern financial system on the basis of blocking technology. The article shows that the crypto currency emerged as an evolutionary stage in the development of the world payment system, that the modern financial system is developing in a dead-end direction, that the use of crypto currency and its derivatives in practice can destroy the world payment system and world financial market from within. It is suggested that, based on the technology of the block, a modern financial system can be restructured.

Suggested Citation

  • A. Ya. Zaporozhan, 2018. "Evolution of the Financial Market. Cryptocurrency," Administrative Consulting, Russian Presidential Academy of National Economy and Public Administration. North-West Institute of Management., issue 5.
    • Handle: RePEc:acf:journl:y:2018:id:860
    DOI: 10.22394/1726-1139-2018-5-77-85
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    Cited by:

    1. Florentina c{S}oiman & Guillaume Dumas & Sonia Jimenez-Garces, 2022. "The return of (I)DeFiX," Papers 2204.00251, arXiv.org.
    2. Nocera, Silvio & Fabio, Alberto & Cavallaro, Federico, 2020. "The adoption of grid transit networks in non-metropolitan contexts," Transportation Research Part A: Policy and Practice, Elsevier, vol. 132(C), pages 256-272.
    3. Florentina Șoiman & Jean-Guillaume Dumas & Sonia Jimenez-Garces, 2022. "The return of (I)DeFiX [Le rendement de (I)DeFiX]," Working Papers hal-03625891, HAL.

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