Transaction fees in the bitcoin system work differently from those in conventional payment systems due to the design of … the bitcoin mining algorithm. In particular, transaction fees and transaction volume in the bitcoin system increase … mechanism of fluctuating transaction fees in bitcoin introduces an extra cost of uncertainty to users, a back …

a shared ledger. We maintain that bitcoin is neither a centralized nor decentralized payment mechanism. It is, instead …, a distributed payment mechanism. We then consider decentralized and centralized aspects of the broader bitcoin payment …

Bitcoin is a digital cryptocurrency that has attracted substantial interest in recent years from the general public …, Bitcoin has existed since 2009 and is rooted in technology that goes back even farther. It was the first established … cryptocurrency, with the first trade in 2010. Since 2015, Bitcoin has attracted even more attention because of its increase in value …

component of bitcoin, as a successful stand-alone technology …

by fintech trends, financial system has confronted with a new instrument bitcoin that is first introduced in 2009. Though … has reached almost 17 million as of September 2018. Some economists consider bitcoin and other cryptocurrencies as a … threat especially for central banks' emission power. In this study we try to shed light to bitcoin, other cryptocurrencies …

The buzz surrounding Bitcoin has reached a fever pitch. Yet in academic legal discussions, disproportionate emphasis is … behind the Bitcoin protocol. Simply, blockchain technology solves an elusive networking problem by enabling “trustless …

shows that privately issued digital currency, such as bitcoin, may be adopted in reaction to distortionary central bank …