Decentralized Finance: present and future: Difference between revisions
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==What is Cryptocurrency?== | ==What is Cryptocurrency?== | ||
"Any form of currency that only exists digitally, that usually has no central issuing or regulating authority but instead uses a decentralized system to record transactions and manage the issuance of new units, and that relies on cryptography to prevent counterfeiting and fraudulent transactions". <ref>Cryptocurrency.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/cryptocurrency. Accessed 26 Apr. 2022.</ref> | "Any form of currency that only exists digitally, that usually has no central issuing or regulating authority but instead uses a decentralized system to record transactions and manage the issuance of new units, and that relies on cryptography to prevent counterfeiting and fraudulent transactions". <ref>Cryptocurrency.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/cryptocurrency. Accessed 26 Apr. 2022.</ref> | ||
Cryptocurrencies are based on a blockchain technology, also known as a distributed ledger. Due to the decentralised nature, the currencies are thought to be resistant to government manipulation and interference. <ref>Frankenfield, Jake. “What Is Cryptocurrency?” Investopedia, 11 Jan. 2022, www.investopedia.com/terms/c/cryptocurrency.asp. Accessed 21 Apr. 2022.</ref> | |||
==Origins of Cryptocurrencies== | ==Origins of Cryptocurrencies== | ||
Revision as of 13:08, 26 April 2022
What is Cryptocurrency?
"Any form of currency that only exists digitally, that usually has no central issuing or regulating authority but instead uses a decentralized system to record transactions and manage the issuance of new units, and that relies on cryptography to prevent counterfeiting and fraudulent transactions". [1] Cryptocurrencies are based on a blockchain technology, also known as a distributed ledger. Due to the decentralised nature, the currencies are thought to be resistant to government manipulation and interference. [2]
Origins of Cryptocurrencies
Bitcoin
Etherium
Stability of Cryptocurrency
Usage During Global Crises
Technology
Limitations
Government & Regulations
Digital Divide
Regulations
'Pump and Dump' Schemes
Social Intelligence
Monero
Future of Cryptocurrency
Environmental Impact
Data Analysis
- ↑ Cryptocurrency.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/cryptocurrency. Accessed 26 Apr. 2022.
- ↑ Frankenfield, Jake. “What Is Cryptocurrency?” Investopedia, 11 Jan. 2022, www.investopedia.com/terms/c/cryptocurrency.asp. Accessed 21 Apr. 2022.
