Decoding Cyber Pandora's: Network Encrypted Virtual Currency

Download or read book Decoding Cyber Pandora's: Network Encrypted Virtual Currency written by Mufti Fahad Ahmed Qureshi and published by Lulu.com. This book was released on 2018-06-04 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: Five years after the introduction of the peer-to-peer payment system and digital currency bitcoin, cryptocurrencies have flourished and become a global phenomenon. The main purpose of this research is to focus on the production and technology of Bitcoin by analyzing the supply side. Cryptocurrencies such as bitcoin and litecoin are programmed to have supply scarcity, however, the fact that myriad digital coins can be created effortlessly by emulation raises the question of whether the total combined supply of this potential money is indeed scarce or not. These calculations utilized early variables network hash rate, blockchain transactions, and BTC flow as explanatory variables for BTC price. Also, BTC price, Google Trends SVI are considered as explanatory variables. The need sizing calculations are based on M2 pecuniary aggregates because of USD, EUR, and PKR.