How has Ethereum (cryptocurrency) evolved over time, and how may it evolve further in the future? Does it fully fulfil all three functions of money?
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How has Ethereum (cryptocurrency) evolved over time, and how may it evolve further in the future? Does it fully fulfil all three functions of money?
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- Why were banks originally created? How has their purpose evolved over time?Evaluate the following as suitable forms of money in the U.S. using the desirable features of money, which include (1) durability; (2) valuable in small sizes and weights; (3) divisible; (4) easily verified as genuine; and (5) stable in value. Silver ingots Packs of cigarettes A cryptocurrency, such as Bitcoin Large limestone blocks carved into wheels, each weighing over 500 lbs. Bananas Almonds The Chilean pesoIs Islamic banking really different?
- Research and identify two cryptocurrencies, how they have evolved in recent years and how might you expect them to evolve further in the future. Discuss whether these means of “payment” fully fulfil all three functions of “money.” (Your answer should be 600 words ±10%)Research and identify two cryptocurrencies, how they have evolved in recent years and howmight you expect them to evolve further in the future. Discuss whether these means of“payment” fully fulfil all three functions of “money.”Is Bitcoin legal tender anywhere in the world? Explain and cite your source?