Bitcoin is one of the most popular cryptocurrencies worldwide. Javier Pastor Moreno, participates in the Digital Transformation Module of C1B3RWall Academy 2021, with as part of which he is going to deliver a keynote lecture under the title “Bitcoin: a new monetary and financial system emerging from the Internet”.

Javier has a degree in Marketing and Business Management. He joined the Bit2me project in 2018, amid the expansion of the cryptocurrency and bitcoin sector, to raise awareness and disseminate this technology, as well as facilitate its adoption. Since then, he has been leading the commercial and training department. His lecture will set current Bitcoin events in context and he will discuss their socio-economic implications as well as describe the global regulatory framework.

Impact of cryptocurrencies on the economy

Cryptocurrencies have managed to form a decentralized system that does not depend on a third-party entity (such as a central bank or a government) to be able to store and stockpile money, as well as transfer it to any part of the world through the internet and operate autonomously. Today there are more than 10,000 cryptocurrencies, and all have different characteristics, although bitcoin as of today has approximately 40% of the total cryptocurrency market capitalization.

In 2014, the Court of Justice of the European Union qualified Bitcoin as a means of payment, but in 2015 it rectified and considered it a means of exchange. Thus, as of today, in Spain it is considered a means of exchange and not a means of payment, so unlike euros, it is not considered a legal tender. Bitcoin, despite suffering numerous attacks, has never been hacked, since it is a distributed network that is updated every 10 minutes.

 You can read the full article on News-365.

If you would like to learn about this topic and other issues related to cryptocurrencies, Bitcoin, its storage and security, don’t miss the opportunity to enrol in C1b3rWall Academy 2021 for free.

Posted by Juan M. Corchado

Juan Manuel Corchado (15 May 1971, Salamanca, Spain) is Professor at the University of Salamanca. He has been Vice-Rector for Research from 2013 to 2017 and Director of the Science Park of the University of Salamanca. Elected as Dean of the Faculty of Science twice, he holds a PhD in Computer Science from the University of Salamanca and a PhD in Artificial Intelligence from the University of the West of Scotland. He leads the renowned BISITE (Bioinformatics, Intelligent Systems and Educational Technology) Research Group, created in 2000. Director of the IoT Digital Innovation Hub and President of the AIR Institute, J. M. Corchado is also Visiting Professor at the Osaka Institute of Technology since January 2015, Visiting Professor at the Universiti Malaysia Kelantan and Member of the Advisory Group on Online Terrorist Propaganda of the European Counter Terrorism Centre (EUROPOL). J. M. Corchado has been president of the IEEE Systems, Man and Cybernetics Society, and academic coordinator of the University Institute for Research in Art and Animation Technology at the University of Salamanca, as well as researcher at the Universities of Paisley (UK), Vigo (Spain) and the Plymouth Marine Laboratory (UK). He currently combines all his activity with the direction of Master programmes in Security, Digital Animation, Mobile Telephony, Information Systems Management, Internet of Things, Social Media, 3D Design and Printing, Blockchain, Z System, Industry 4.0, Agile Project Management, and Smart Cities & Intelligent Buildings, at the University of Salamanca and his work as editor-in-chief of the journals ADCAIJ (Advances in Distributed Computing and Artificial Intelligence Journal), OJCST (Oriental Journal of Computer Science and Technology) or Electronics MDPI (Computer Science & Engineering section). J. M. Corchado mainly works on projects related to Artificial Intelligence, Machine Learning, Blockchain, IoT, Fog Computing, Edge Computing, Smart Cities, Smart Grids and Sentiment Analysis. He has recently been included in the board of trustees of the AstraZeneca Foundation, along with other health professionals and researchers recognised for bringing scientific knowledge closer to society.

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