English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Plus annual

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Plus monthly

Global: Zendy Tools annual

Global: Zendy Tools monthly

Global: Zendy Free Plan

As the first decentralized digital currency introduced in 2009 together withthe blockchain, Bitcoin offers new opportunities both for developed anddeveloping countries. Bitcoin peer-to-peer transactions are independent of thebanking system, thus facilitating foreign exchanges with low transaction feessuch as remittances, with a high degree of anonymity. These opportunitiestogether with other key factors led the Bitcoin to become extremely popular andmade its price skyrocket during 2017. However, while the Bitcoin blockchainattracts a lot of attention, it remains difficult to investigate where thisattention comes from, due to the pseudo-anonymity of the system, andconsequently to appreciate its social impact. Here we make an attempt tocharacterize the adoption of the bitcoin blockchain by country. In the firstpart of the work we show that information about the number of Bitcoin softwareclient downloads, the IP addresses that act as relays for the transactions, andthe Internet searches about Bitcoin provide together a coherent picture of thesystem evolution in different countries. Using these quantities as a proxy foruser adoption, we identified several socio-economic indexes such as the GDP percapita, freedom of trade and the Internet penetration as key variablescorrelated with the degree of user adoption. In the second part of the work, webuild a network of Bitcoin transactions between countries using the IPaddresses of nodes relaying transactions and we develop an augmented version ofthe gravity model of trade in order to identify socio-economic factors linkedto the flow of bitcoins between countries. In a nutshell our study provides anew insight on the bitcoin adoption by country and on the potentialsocio-economic drivers of the international bitcoin flow.

Analysis of the Bitcoin blockchain: Socio-economic factors behind the adoption