The project in five facts.
Challenge, approach and results.
The diploma thesis presents the topic of cryptocurrencies with research on the use of cryptocurrencies in Slovenia. The reason for choosing this topic is personal interest in this field. She compared the digital currency system with the monetary system and with credit cards. From the survey, she concluded that the knowledge and use, or trading with cryptocurrencies, is fairly good, considering that the possibility of using cryptocurrencies for payment in physical and online shops is not yet widely spread.
Problem
The diploma thesis presents the topic of cryptocurrencies with research on the use of cryptocurrencies in Slovenia. The reason for choosing this topic is personal interest in this field. The thesis presents in detail how cryptocurrencies are acquired, what blockchain technology means, what types of digital wallets we know and for what purposes we use them.
Solution and Method
She compared the digital currency system with the monetary system and with credit cards. The types of cryptocurrencies and the most commonly used terms are presented, and several popular cryptocurrencies are also described. She also examined the aspect of security and risks in trading with cryptocurrencies.
The accounting aspect of classifying cryptocurrencies among financial statements, the taxation of cryptocurrencies in selected countries around the world and taxation in Slovenia are also discussed. The research part is based on a survey about knowledge, trust and use of cryptocurrencies. In connection with the topic of changes in the workplace, the possible integration of cryptocurrencies into the banking system and what contribution this would bring is described.
Cryptocurrencies are digital assets that operate completely independently of the state and do not exist in physical form. They have extremely high volatility, which brings with it large profits and large losses. The entire system is decentralised, which means it is not dependent on banking or any other government organisations.
It is based on trust, and the execution of transactions is handled by a chain of individuals who are equal to each other. The technology used to execute transactions is called blockchain. New coins are created in the mining process, whereby miners are also rewarded for their work.
This process requires enormous amounts of energy for powerful computer equipment. Cryptocurrencies can be stored in various digital wallets, for which it is crucial that we do not forget the access passwords, as this means we lose access to the funds. Digital wallets can be susceptible to intrusions and theft.
Executing payments from the perspective of the average user is undemanding. The main difference is in the background of the transaction execution, where there are not as many intermediaries involved as with credit card payment. The taxation of cryptocurrencies differs from country to country.
In some countries, cryptocurrencies are completely untaxed, which represents a true oasis for crypto investors.
Results
From the survey, she concluded that the knowledge and use, or trading with cryptocurrencies, is fairly good, considering that the possibility of using cryptocurrencies for payment in physical and online shops is not yet widely spread.
Module, programme and stories.
Your diploma project for a real company.
A diploma thesis at Academia solves a challenge from a company – often the one where you do your 800 hours of placement. Read about the Računovodstvo module or book a consultation.