History of bitcoin-blockchain tandem technology

Abstract

The rapid development of technology during the last decade of the 20th century and the first two decades of the 21st century, predetermined qualitative changes in the economic life of the global community. The author deliberately highlights the last decade of the 20th century because in 1990-1991 the concept of the World Wide Web has found material embodiment, becoming generally available to the mass user. As the technological foundation of the modern digital economy, author analyzes the digital currency bitcoin and blockchain algorithms through the prism of economic, technological, legal and social practice. The key trends for the modern digital economy are identified and, on their basis, a mid-term forecast of its development is given. Despite the economic subject of scientific analysis, the methods of historical science are used in the work: historical analytics, historical-comparative method, historical-systematical method and retrospective methods.