Abstract
Bitcoin is considered the first and largest crypto currency with a blockchain system of recording transactions on thousands of machines at once enabling peer to peer transfer. There is no doubt that Bitcoin has received strong attention from the real world. Its innovative concept, reliable technology and advantages in application attract many people's attention. But Bitcoin has also brought many negative effects. To provide an organized response to the question around the potential benefits and harms of using Bitcoin, we designed an Impact Index comparing the impact from both sides of this topic. We found that the impact of the curses (negatives) is significantly bigger than the impact for benefits. However, more advanced technology, more regulated approach and changes in payment and financing methods may become the savior of Bitcoin.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
