Crypto Exchanges
By Maheen Hernandez
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It just looks like the people who issue the fiat money and the organization backing the fiat has so much control over the affairs of people.
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Will cryptocurrencies be able to deliver what they promise? Or will they end up as short-lived curiosities? BIS have already explored this idea.
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Cryptocurrencies are aspiring to promise and maintain the stability and trust in value. They depend on the fact that the protocol completely runs by the rules.
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The next strength about this technology is that they are making use of a Distributed Ledger Technology (DLT) because of this, the ledger will document the entire set of…
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The third strength of the cryptocurrency network is the participation from a decentralized network of developers who follow the rules of the protocol and update, store and read…
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Those who support cryptocurrency claim that these three factors are its strength making it possible to create a trustless system.
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In summary, the three key features of cryptocurrency are that it is digital and therefore has the capability to prevent counterfeit and fraudulent transactions.
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