The era of cryptocurrencies. How bitcoin and blockchain change the world economic order
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The most detailed and affordable study of cryptocurrencies. Wall Street Journal Paul Vinya and Michael Casey talk about fears and rumors around Bitcoin as a means of calculation, and urge readers to prepare for a new economic reality that will definitely come. In their book they tell the story of Bitcoin and conduct a Bitcoin story Analysis of the role of cryptocurrencies in the modern world: how they arose and where they came, what functions perform, and what you need to know to be prepared for the new world with cyber economics. Cryptocurrency technology is that, eliminating the need for an intermediary, it supports Infrastructure in which strangers can conduct business with each other. This is achieved due to the fact that the most important function of maintaining accounting registers is transmitted from centralized financial institutions to the network of autonomous ones. The expense of the exclusion of intermediaries, together with their commissions, can reduce the cost of doing business, as well as exclude corruption that existed in intermediary structures and among politicians, the latter involved in orbit. The open accounting register used by cryptocurrencies displays the internal mechanism of the functioning of the economic and political system, previously hidden behind the impenetrable walls of centralized financial institutions. The potential of this technology as a means of ensuring transparency and control extends much further than the sphere of cash turnover and payments. And it can no longer ignore it and learn about it only from rumors and individual news
Category:
- Category:Business & Money
Age restrictions:
Age restrictions:0+
ISBN:
ISBN:978-5-00117-128-7
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