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Digital Currency In The Current Cyber Security Environment

Author

Listed:
  • Radu, BORES

    () (”Stefan cel Mare” University of Suceava, Romania)

  • Ana Maria, HLACIUC

    () (”Stefan cel Mare” University of Suceava, Romania)

Abstract

This paper presents a view over the development of new technologies and infrastructures that lead to the rise of decentralized digital currencies such as Bitcoin. In the context of an evolving cyber security environment and increasing dependence on computer systems, such solutions present not only interesting applications, but also challenges to developers, regulators and even users. We analyze several financial applications branching out of this technology and various derivatives from the initial developments, such as smart contracts. Also, we look at several limitations that have to be addressed in order for these technologies to be sustainable for the future and succeed.

Suggested Citation

  • Radu, BORES & Ana Maria, HLACIUC, 2016. "Digital Currency In The Current Cyber Security Environment," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 1(3), pages 70-79.
  • Handle: RePEc:brc:brccej:v:1:y:2016:i:3:p:70-79
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    References listed on IDEAS

    as
    1. Adrian Blundell-Wignall, 2014. "The Bitcoin Question: Currency versus Trust-less Transfer Technology," OECD Working Papers on Finance, Insurance and Private Pensions 37, OECD Publishing.
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    More about this item

    Keywords

    cryptocurrency; bitcoin; decentralization; block - chain; financial infrastructure;

    JEL classification:

    • P34 - Economic Systems - - Socialist Institutions and Their Transitions - - - Finance
    • P24 - Economic Systems - - Socialist Systems and Transition Economies - - - National Income, Product, and Expenditure; Money; Inflation
    • E59 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Other

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