Philosophy of Blockchain Technology - Ontologies

About the necessity and usefulness of developing a philosophy specific to the blockchain technology, emphasizing on the ontological aspects. After an Introduction that highlights the main philosophical directions for this emerging technology, in Blockchain Technology I explain the way the blockchain works, discussing ontological development directions of this technology in Designing and Modeling. The next section is dedicated to the main application of blockchain technology, Bitcoin, with the social implications of this cryptocurrency. There follows a section of Philosophy in which I identify the blockchain technology with the concept of heterotopia developed by Michel Foucault and I interpret it in the light of the notational technology developed by Nelson Goodman as a notational system. In the Ontology section, I present two developmental paths that I consider important: Narrative Ontology, based on the idea of order and structure of history transmitted through Paul Ricoeur's narrative history, and the Enterprise Ontology system based on concepts and models of an enterprise, specific to the semantic web, and which I consider to be the most well developed and which will probably become the formal ontological system, at least in terms of the economic and legal aspects of blockchain technology. In Conclusions I am talking about the future directions of developing the blockchain technology philosophy in general as an explanatory and robust theory from a phenomenologically consistent point of view, which allows testability and ontologies in particular, arguing for the need of a global adoption of an ontological system for develop cross-cutting solutions and to make this technology profitable. CONTENTS: Abstract Introducere Tehnologia blockchain - Proiectare - Modele Bitcoin Filosofia Ontologii - Ontologii narative - Ontologii de intreprindere Concluzii Note Bibliografie DOI: 10.13140/RG.2.2.24510.3360

Cryptocurrency vs fiat currency: Architecture, algorithm, cashflow & ledger technology on emerging economy subtitle: The influential facts of cryptocurrency and fiat currency

Typically, electronic currency like digital or cryptocurrency both are influencing the world economy under the ledger technology, where as traditional fiat currency plays vital role in socio economy followed by conventional printing method. This review paper is basically focused on most influential facts behind the economical elements like the applicable operation via successful blockchain algorithm, architecture and mining operation based on contents from journal publications, online publications, news reports, seminars and workshops. Several aspects of crypto and fiat currencies are rolling on emergingeconomy, from this point, this paper tries to figure out how consensus algorithm and growing numbers of crypto and fiat currencies are performed with its existing pros and cons towards further developing process

Evaluating prevailing Bitcoin valuation models – how do they work and how do they perform today?

Bitcoin has, since the first coin was mined in 2009, taken the world by storm. Today, millions of people are embracing the digital currency, and is evident that the growth is not going to halt any time soon. The increased adoption of Bitcoin raises the question about the fair value of the asset. What is the best way to fairly value Bitcoin, if it has any fundamental value at all? Numerous valuation models for Bitcoin have been proposed throughout the years. The majority of today's most popular models were presented between 2017 and 2019, and much has transpired since then. In this thesis, we will examine Bitcoin's underlying technology and the opportunities and challenges it brings for the contemporary world. Currently, we are discovering that digital assets and Bitcoin offer a number of opportunities that provide utility and convenience for consumers that utilize the digital asset market. To maintain objectivity, we will also discuss the issues connected with the widespread use of digital assets like Bitcoin. Finally, we will explore whether present techniques of valuing Bitcoin may be regarded as a "fair" manner of valuing Bitcoin. In addition, we will contribute to the existing research on Bitcoin valuation by suggesting improvements in the current valuation methods that we believe holds merit

Evaluating prevailing Bitcoin valuation models – how do they work and how do they perform today?

Bitcoin has, since the first coin was mined in 2009, taken the world by storm. Today, millions of people are embracing the digital currency, and is evident that the growth is not going to halt any time soon. The increased adoption of Bitcoin raises the question about the fair value of the asset. What is the best way to fairly value Bitcoin, if it has any fundamental value at all? Numerous valuation models for Bitcoin have been proposed throughout the years. The majority of today's most popular models were presented between 2017 and 2019, and much has transpired since then. In this thesis, we will examine Bitcoin's underlying technology and the opportunities and challenges it brings for the contemporary world. Currently, we are discovering that digital assets and Bitcoin offer a number of opportunities that provide utility and convenience for consumers that utilize the digital asset market. To maintain objectivity, we will also discuss the issues connected with the widespread use of digital assets like Bitcoin. Finally, we will explore whether present techniques of valuing Bitcoin may be regarded as a "fair" manner of valuing Bitcoin. In addition, we will contribute to the existing research on Bitcoin valuation by suggesting improvements in the current valuation methods that we believe holds merit