CRYPTO CURRENCY, DIGITAL MONEY, WHATS THATS ?
Another Link Video for Macro Economic (English Version)
1. ECONOMIC RECESSION, WHAT’S THAT’S (COVID-19 IMPACT) , how it’s cause to depression and trading fall
2. REDENOMINATION OF CURRENCY, WHATS THATS , banknotes or coins changing, how to solve a hyperinflation
3. ECONOMIC GROWTH, whats thats ? recession indicator, the effects of a pandemic , activity parameter
4. FOREX RESERVES , WHATS THATS ? foreign currency assets held by the monetary authority
5. CRYPTO CURRENCY, DIGITAL MONEY, WHATS THATS ? future transaction tool for all of the world most uses
CRYPTO CURRENCY, DIGITAL MONEY, WHATS THATS ?
1. DEFINITION
a cryptocurrency is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of computerized database using strong crytography to secure transaction records, to control the creation of additional coins
2. HISTORY
the first decentralized cryptocurrency, bitcoin, was created in 2009 by Satoshi Nakamoto. after that several cryptocurrencies were issued
3. SYSTEM
a. NOT require a central authority. b. Keep the secret of owners and unit of cryptocurrency. c. create new unit base on system analisis, not authority decision. d. ownership of cryptocurrency unit can be proved exclusively. e. the system allows transaction tobe performed in which ownership is changed. f. the security system is reliable.
4. DESENTRALIZED
cryptocurrency is produced by the entire cryptocurrency system collectivelly, at a rate which is defined when the system is created and which is publicly known. No central Authority for cryptocurrency
5. VALIDATION OF TRANSACTION
mining is transaction, successful miners get the transaction fee. more miners more transaction more fee.
6. TRANSACTION FEES
fees depend quantity , demand, suply but also depend on computational complexity, bandwidth use and storage needs
7. RATE TO US$
rate cryptocurrencies to US$ is fluctuate depend on: a. time. b. economic condition. c. suply and demand.
8. ADVANTAGES CC
a. fast transaction. b.cut bureaucracy. c. less fee for asset transfer. d. greater access to credit. e. easier international trade. f. individual ownership. g.adaptability. h. strong security for hedge fund
9. DISADVANTAGES CC
a. difficult to understand. b. volatile so not good for long investation. c. some country refuse to use cryptocurrencies. d. no physical money. e. very high fluctuation
10. SUPLY AND DEMAND CRYPTOCURRENCY
market CC base on how many people want to buy or sell. more people want to buy than sell, price CC become higher. more people want to sell than buy, price CC become lower.