EVOLUTION OF THE DEVELOPMENT OF DECENTRALIZED ELECTRONIC PAYMENT SYSTEMS

Yarygin Pavel Konstantinovich

The main purpose of this article is to study the development of electronic payment systems, namely decentralized electronic payment systems. The article describes the principles of operation and payment schemes using electronic payment systems (EPS) – centralized and decentralized. The mechanisms of operation of decentralized EPS are considered on the example of the most popular cryptocurrencies at the moment – Bitcoin and Ethereum. The classification of digital money and its varieties is also given. At the end of the article, new areas of application of distributed registry technologies are described – their use in national digital currencies. Thus, we can say that decentralized electronic payment systems are an important technology that is already seriously changing the existing world economic order.

Keywords:electronic payment system, distributed registry technology, decentralized electronic payment system, digital money, national digital currency