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Cryptocurrency systems are purely digital and decentralized systems that use cryptographic principles to confirm transactions. Bitcoin is the first and also the most widespread cryptocurrency. The aim of this article is to introduce Bitcoin system using a language understandable also to readers without computer science education.

This article captures the Bitcoin system from three perspectives: Emphasis is placed on brief university of nicosia bitcoin charts clear definitions system components and their mutual relationships. A new system view of the stated terms constitutes author's own contribution.

March 9, ; Accepted: June 5, ; Revised: May 23, ; Published: June 30, Show citation. This is an open access article distributed under university of nicosia bitcoin charts terms of the Creative Commons Attribution License CC BYwhich permits use, distribution, and reproduction in any medium, provided the original publication is properly cited.

No use, distribution or reproduction is permitted which does not comply with these terms. BitStamp 1st Video 40 Map of Bitcoin accepting venues. Majority is not Enough: Bitcoin Mining is Vulnerable. Secure names for bitstrings. In Fast Software Encryption pp. The Digital Agenda of Virtual Currencies: Analysis of Cryptocurrencies Price Development.

Acta Informatica Pragensia, 5 2 Bitcoin Mining and its Energy Footprint. An Analysis of Bitcoin Exchange Rates. MSc in Digital Currency. Return to the content.

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