The Wild World of Crypto:

EdNM...HGLx
18 May 2024
42

A Dive into Digital Currency


Cryptocurrency, often shortened to "crypto," has become a hot topic in recent years. But what exactly is it? In essence, crypto is a digital form of money that operates outside the control of governments or central banks. Transactions are secured through cryptography, a complex system of coding that ensures authenticity and prevents tampering.
Here's a deeper look into the world of crypto:

The Rise of Crypto:

Bitcoin, launched in 2009, is the granddaddy of cryptocurrencies. It introduced the concept of a decentralized currency, free from traditional financial institutions. Since then, a vast ecosystem of other cryptocurrencies (altcoins) have emerged, each with its own unique features and purposes.
How Does Crypto Work?
Cryptocurrencies rely on a distributed ledger technology called blockchain. Think of it as a giant, secure spreadsheet that records every transaction across a network of computers. This transparency and decentralization are key selling points for crypto enthusiasts.
Investing in Crypto
Cryptocurrency can be a volatile investment. Prices can fluctuate rapidly, making it a risky but potentially lucrative market. Before diving in, it's crucial to understand the risks and do your research.
Benefits of Crypto

  • Decentralization: Freedom from government control and potential for faster transactions.
  • Security: Blockchain technology offers robust security features.
  • Accessibility: Anyone can participate in the crypto market with minimal barriers

References

  1. ^ Al-Laham, Mohamad; Al-Tarawneh, Haroon; Abdallat, Najwan (2009). "Development of Electronic Money and Its Impact on the Central Bank Role and Monetary Policy" (PDF). Issues in Informing Science and Information Technology6: 339–349. doi:10.28945/1063. Retrieved 12 May 2020.
  2. ^ "How is money created? - Bank of England". Retrieved 4 September 2022.
  3. Jump up to:
  4. a b Committee on Payments and Market Infrastructures (November 2015). "Digital Currencies" (PDF). bis.org. Bank for International Settlements. Retrieved 11 May 2020.
  5. ^ "Digital currencies are impacting video games with..." Offgamers. Archived from the original on 22 November 2018. Retrieved 6 November 2018.
  6. ^ Goedicke, M.; Neuhold, E.; Rannenberg, K. (2021). Advancing Research in Information and Communication Technology: IFIP's Exciting First 60+ Years, Views from the Technical Committees and Working Groups. IFIP Advances in Information and Communication Technology. Springer International Publishing. p. 301. ISBN 978-3-030-81701-5. Retrieved 22 January 2023.
  7. ^ Chaum, David (1982). "Blind signatures for untraceable payments" (PDF). Department of Computer Science, University of California, Santa Barbara, CA. Archived from the original (PDF) on 3 September 2011. Retrieved 23 May 2017.
  8. ^ "What Was the First Cryptocurrency?"Investopedia. Retrieved 18 November 2022.
  9. Jump up to:
  10. a b Pitta, Julie (1 November 1999). "Requiem for a Bright Idea"Forbes.
  11. ^ "Digicash files Chapter 11"CNET. 2 January 2002.
  12. ^ Zetter, Kim (9 June 2009). "Bullion and Bandits: The Improbable Rise and Fall of E-Gold"Wired. Retrieved 19 November 2020.
  13. ^ Bender, Christian. "A Gold Standard for the Internet? An Introductory Assessment". Electronic Markets11 (1). CiteSeerX 10.1.1.543.5010.
  14. ^ White, Lawrence H. "The Troubling Suppression of Competition from Alternative Monies: The Cases of the Liberty Dollar and E-gold" (PDF). Cato Journal34 (2): 281–301.
  15. ^ Mullan, Carl P. (2014). The Digital Currency Challenge: Shaping Online Payment Systems through US Financial Regulations. New York: Palgrave Macmillan. pp. 20–29. ISBN 978-1137382559.
  16. ^ "Deleting Commercial Pornography Sites From The Internet: The U.S. Financial Industry's Efforts To Combat This Problem"www.govinfo.gov. 21 September 2006. Retrieved 19 November 2020.
  17. ^ "History of Mobile & Contactless Payment Systems".
  18. ^ Finley, Klint (31 October 2018). "After 10 Years, Bitcoin Has Changed Everything—And Nothing"Wired. Retrieved 9 November 2018.
  19. ^ Jack Cloherty (28 May 2013). "'Black Market Bank' Accused of Laundering $6B in Criminal Proceeds"ABC News. Retrieved 28 May 2013.
  20. ^ "'China's virtual currency threatens the Yuan'"Asia Times Online. 5 December 2006. Archived from the original on 6 December 2006. Retrieved 14 May 2016.
  21. Jump up to:
  22. a b "Virtual Currency Schemes" (PDF). ecb.europa.eu. October 2012. Retrieved 1 February 2018.
  23. Jump up to:
  24. a b "Audit Report" (PDF). Treasury.gov. 10 November 2015. Retrieved 1 February 2018.
  25. ^ "Virtual currency schemes - a further analysis" (PDF). ecb.europa.eu. February 2015. Retrieved 1 February 2018.
  26. ^ "Digital Currencies" (PDF). bis.org. November 2015. Retrieved 1 February 2018.
  27. ^ Steadman, Ian (11 May 2013). "Wary of Bitcoin? A guide to some other cryptocurrencies"Ars Technica.
  28. ^ What does Cryptocurrency mean?, technopedia, 01-07-2013
  29. ^ Tuffley, David (21 May 2013). "From your wallet to Google Wallet: your digital payment options"The Conversation.
  30. ^ Liu, Alec (2013). "Beyond Bitcoin: A Guide to the Most Promising Cryptocurrencies"Vice Motherboard. Archived from the original on 24 December 2013. Retrieved 7 January 2014.
  31. ^ "1". Virtual Currency Schemes (PDF). Frankfurt am Main: European Central Bank. October 2012. p. 5. ISBN 978-92-899-0862-7Archived (PDF) from the original on 6 November 2012.
  32. ^ "Mobipay - Fujitsu Spain". Archived from the original on 26 March 2017. Retrieved 23 May 2017.
  33. ^ "Origins of Venmo". Retrieved 23 April 2015.
  34. ^ Griswold, Alison (26 February 2015). "Venmo Money, Venmo Problems: The mobile-payment service is trendy, easy to use, and growing fast. But is it safe?"Slate.
  35. ^ "Venmo pricing".
  36. ^ Dickinson, Boonsri (19 September 2011). "This Day in Tech: Google Wallet launches"CNET.
  37. ^ "Easytrip, O2 launch mobile toll payments service in the Republic of Ireland". 15 November 2012.
  38. ^ "O2 - O2 money - The O2 Wallet service closed on 31st March 2014".
  39. ^ D'Orazio, Dante (9 September 2014). "Apple Watch works with Apple Pay to replace your credit cards"The Verge.
  40. ^ Bordo, Michael D; Levin, Andrew T (2017). Central Bank Digital Currency and the Future of Monetary Policy. National Bureau of Economic Research.
  41. ^ "Countries Developing a Central Bank Digital Currency (CBDC)"Investopedia. Retrieved 9 December 2022.
  42. ^ International Journal of Bank Marketing. Emerald. doi:10.1108/ijbm.
  43. ^ "Directive 2009/110/EC of the European Parliament and of the Council of 16 September 2009 on the taking up, pursuit and prudential supervision of the business of electronic money institutions amending Directives 2005/60/EC and 2006/48/EC and repealing Directive 2000/46/EC, Official Journal L 267, 10/10/2009 P. 0007 - 0017". Retrieved 30 December 2013.
  44. ^ "ELECTRONIC FUND TRANSFER ACT (REGULATION E)" (PDF). Federal Deposit Insurance Corporation. Archived from the original (PDF) on 30 April 2017. Retrieved 23 May 2017.


Get fast shipping, movies & more with Amazon Prime

Start free trial

Enjoy this blog? Subscribe to mayorson

2 Comments