Cryptocurrency: Policy Issues, Financial Implications, and Security Risks
| By: | Frank Columbus |
| Publisher: | Nova Science Publishers, Inc. |
| Print ISBN: | 9798886971262 |
| eText ISBN: | 9798886971606 |
| Edition: | 0 |
| Copyright: | 2022 |
| Format: | Page Fidelity |
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Table of Contents
Cryptocurrencies are digital money in electronic payment systems that generally do not require government backing or the involvement of an intermediary, such as a bank. Instead, users of the system validate payments using certain protocols. Since the 2008 invention of the first cryptocurrency, Bitcoin, cryptocurrencies have proliferated. In recent years, they experienced a rapid increase and subsequent decrease in value. One estimate found that, as of March 2020, there were more than 5,100 different cryptocurrencies worth about $231 billion.