MAIN DIRECTIONS OF IMPLEMENTATION OF MONETARY POLICY IN THE CRYPTOECONOMY

Abstract

Bitcoin, as the main cryptocurrency, has received the largest number of supporters in 12 years. As you know, this was not the first attempt to create Internet money. They were preceded by various forms of electronic money e-gold, Digital Monetary Trust, Ven, and others, which did not receive such popularity. Also, Bitcoin is not the first Blockchain, and the blockchain that preceded it, with update blocks once a month, still publishes its information in the newspaper. An important factor that makes Bitcoin so popular was not only the technology of mass high-quality Internet that was formed by that time, the development of computing technology to a level capable of processing Blockchain transactions without reducing the rest of the computer's performance to 0, but also the succinctly described Satoshi Nakamoto WhitePaper, which could wanted to understand computer geeks, even without a basic economic education. As you know, over the years, many changes have been made to the Bitcoin code itself, its forks (copies) are created with better speed, scalability, Lighting networks are added, new, more technologically advanced cryptocurrencies are created with the functions of smart contracts, anonymity, sharding, etc. But it is the simple description of the proposed model of decentralized digital money, understandable to millions of users, that made it possible to lay the foundations for the popularization of such an idea.