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Prospects For The Development Of Cryptocurrency In Russia. From Bitcoin To Ethereum

P. 1049-1054.
A. Grigorev, Timofeev A., Lebedinskaya O., Veynberg R.

This article presents prospects of the development of cryptocurrency in Russia, examines the principles of the operation of Bitcoin as main currency nowadays and its application in the real economic sector. Identifies and substantiates the advantages and disadvantages of this technology, as a result, the degree of influence of cryptocurrency and the consequences of its usage in the Russian economy. At present, over 1000 types of cryptocurrencies exist. In this paper, two of them are analyzed: the first cryptocurrency, the leader with the stabilized volatility and price: Bitcoin, and rather a new application for cryptocurrency which was skyrocketed as the second world popular: Ethereum. In this research paper we set an objective to compare Bitcoin and Ethereum, determine problems of cryptocurrency market in Russia and the prospects for development of their usage. In addition, authors are describing history of the research subject and trends to develop: from Bitcoin to Ethereum evolution.