Title
Quantum Mechanics Formalism for Modeling the Flux of BitCoins
Date Issued
01 January 2020
Access level
metadata only access
Resource Type
conference paper
Publisher(s)
Springer
Abstract
Because bitcoins processes depend on Internet transactions, one can argue that the dynamics of flux and volume of bitcoins might be subject to stochastic instead of a pure determinism event. By knowing that Quantum Mechanics describes well physics in the microscopic level and it is capable to calculate exact measurements of physical observables, we apply the concept of amplitude of probability to model the success probability of any transaction involving the new monetary unit so-called bitcoins. In this manner we focus on the description of the potential transactions using entirely the formalism of quantum mechanics. In addition we use also the concept of Green’s function that appear along the construction of the amplitude. Although not any direct correspondence can exist between the dynamics of flux of bitcoins and the purpose of a quantum theory, the modeling is limited to the extent of the interpretation of the success probability to complete any bitcoin-based transaction. For a transaction of N US dollars, we found that the bitcoin flux might reach up to a 90% of the completion of the transaction.
Start page
375
End page
388
Volume
1154 CCIS
Language
English
OCDE Knowledge area
Mecánica aplicada
Estadísticas, Probabilidad
Scopus EID
2-s2.0-85084814112
Source
Communications in Computer and Information Science
ISSN of the container
18650929
ISBN of the container
9783030467845
Conference
1st International Conference on Smart Technologies, Systems and Applications, SmartTech-IC 2019
Sources of information:
Directorio de Producción Científica
Scopus