Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)

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The Future of Bitcoins

Authors
Yaodan Zhang1, *
1Arts and Social Sciences, The University of Sydney, Sydney, NSW, 2006, Australia
*Corresponding author. Email: yzha2082@uni.sydney.edu.au
Corresponding Author
Yaodan Zhang
Available Online 27 December 2022.
DOI
10.2991/978-94-6463-052-7_122How to use a DOI?
Keywords
Bitcoin; Blockchain; Decentralization; Anonymity; Functions of money
Abstract

With the outbreak of the Russian-Ukrainian war, more and more Western countries have imposed sanctions on the assets of the Russian people overseas, which have triggered a crisis of confidence in the world’s currency, the dollar. At this time, the popularity of Bitcoin has also resurfaced. People are starting to think about the future of Bitcoin. This paper starts from the basic technical means of bitcoin and discusses the possibility of the future development of bitcoin by analyzing the characteristics of bitcoin. We believe that although Bitcoin cannot become a world currency in the future, it can become an investment asset and a convenient means of payment.

Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
27 December 2022
ISBN
10.2991/978-94-6463-052-7_122
ISSN
2352-5428
DOI
10.2991/978-94-6463-052-7_122How to use a DOI?
Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Yaodan Zhang
PY  - 2022
DA  - 2022/12/27
TI  - The Future of Bitcoins
BT  - Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)
PB  - Atlantis Press
SP  - 1087
EP  - 1092
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-052-7_122
DO  - 10.2991/978-94-6463-052-7_122
ID  - Zhang2022
ER  -