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An Update on Bitcoin as a Digital Currency

An Update on Bitcoin as a Digital Currency
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Author(s): Cecilia G. Manrique (University of Wisconsin – La Crosse, USA) and Gabriel G. Manrique (Winona State University, USA)
Copyright: 2018
Pages: 8
Source title: Encyclopedia of Information Science and Technology, Fourth Edition
Source Author(s)/Editor(s): Mehdi Khosrow-Pour, D.B.A. (Information Resources Management Association, USA)
DOI: 10.4018/978-1-5225-2255-3.ch250

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Abstract

The chapter entitled “The Evolution of Virtual Currencies: Analyzing the Case of Bitcoin” by Manrique and Manrique was recently published in the book Information and Communication Technologies in Public Administration. It was written at the height of the bitcoin controversy when its value skyrocketed and waned. More than a year has passed since research on that was undertaken and it seems that the issues with regards to bitcoin as a virtual acceptable currency has calmed down. It is the purpose of this paper to bring an update on the status of bitcoin as a currency and to determine its stability and ability to become a real currency.

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