Thesis Chapters by Imran Noor
Money is one of mankind's earliest and greatest inventions. Money, as we know it today has a long... more Money is one of mankind's earliest and greatest inventions. Money, as we know it today has a long
evolutionary history. The process started from barter in ancient times and evolved into
cryptography-based money in modern times. The evolution process of money has always been
closely connected with the technological advancements in an economy and modern economy is
high-tech. The global economy is inevitably moving towards a digital eco-system which requires
a new and auspicious payments solution that better address the needs of the people involved. Over
the last couple of years, cryptocurrencies have gained rapid market growth as well as serious public
attention. The creator of the first cryptocurrency, Bitcoin, using the pseudonym Satoshi Nakamoto,
wrote a white paper titled ‘Bitcoin: A Peer-to-Peer Electronic Cash System’ and in his paper he
describes Bitcoin as a purely peer-to-peer version of electronic cash (Nakamoto, 2008). The
motivation of the creator behind Bitcoin was to develop an alternate payments solution to cash
while retaining the advantageous properties of cash.
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Thesis Chapters by Imran Noor
evolutionary history. The process started from barter in ancient times and evolved into
cryptography-based money in modern times. The evolution process of money has always been
closely connected with the technological advancements in an economy and modern economy is
high-tech. The global economy is inevitably moving towards a digital eco-system which requires
a new and auspicious payments solution that better address the needs of the people involved. Over
the last couple of years, cryptocurrencies have gained rapid market growth as well as serious public
attention. The creator of the first cryptocurrency, Bitcoin, using the pseudonym Satoshi Nakamoto,
wrote a white paper titled ‘Bitcoin: A Peer-to-Peer Electronic Cash System’ and in his paper he
describes Bitcoin as a purely peer-to-peer version of electronic cash (Nakamoto, 2008). The
motivation of the creator behind Bitcoin was to develop an alternate payments solution to cash
while retaining the advantageous properties of cash.
evolutionary history. The process started from barter in ancient times and evolved into
cryptography-based money in modern times. The evolution process of money has always been
closely connected with the technological advancements in an economy and modern economy is
high-tech. The global economy is inevitably moving towards a digital eco-system which requires
a new and auspicious payments solution that better address the needs of the people involved. Over
the last couple of years, cryptocurrencies have gained rapid market growth as well as serious public
attention. The creator of the first cryptocurrency, Bitcoin, using the pseudonym Satoshi Nakamoto,
wrote a white paper titled ‘Bitcoin: A Peer-to-Peer Electronic Cash System’ and in his paper he
describes Bitcoin as a purely peer-to-peer version of electronic cash (Nakamoto, 2008). The
motivation of the creator behind Bitcoin was to develop an alternate payments solution to cash
while retaining the advantageous properties of cash.