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What are the advantages and disadvantages of cryptocurrency?
When we look around, we notice that crypto-currencies are becoming increasingly popular in the world of finance. They are transforming the traditional financial system. These virtual currencies have many advantages for users. But there are also disadvantages that are worth knowing about. In this article, we will show some advantages and disadvantages related to cryptocurrencies. The advantages of cryptocurrencies Appearing more or less recently (around the years 2008), cryptocurrencies did not take long enough to conquer and establish themselves in the financial world. This proves that this virtual currency has many advantages. We can list a few of them in no particular order. Transactions via cryptocurrencies are extremely secure and available 24/7. The supply and demand dynamics of...
What is a currency?
In your daily life, you hear about money, but do you know what it is? You regularly handle money, but do you know what it represents and what it is used for? If you are an economics layperson and are thirsty for answers to these questions, read this article. Definition of money By definition, money is a unit of account, a standardized means of expressing the value of flows and stocks. It is a recognised means by which various economic and commercial exchanges are carried out. Throughout history and the evolution of society, we have known different types of money. These have included precious metals such as gold, shells, cowrie shells and even salt. Today we use coins and banknotes printed directly by banks. We also have the possibility to use electronic currencies since more or less...
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What is a currency?
In your daily life, you hear about money, but do you know what it is? You regularly handle money, but do you know what it represents and what it is used for? If you are an economics layperson and are thirsty for answers to these questions, read this article. Definition of money By definition, money is a unit of account, a standardized means of expressing the value of flows and stocks. It is a recognised means by which various economic and commercial exchanges are carried out. Throughout history and the evolution of society, we have known different types of money. These have included precious...