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Stablecoins provide an alternative to highly volatile crypto peers. Central Bank Digital Currencies may nevertheless signal the end of the crypto explosion.
This is the fourth and last article in FNArena’s series on bitcoin and the world of digital money. Links to the first three parts are available below.
-Stablecoins: the answer to crypto volatility?
-Facebook to create a new global reserve currency?
-Central banks fight back
By Greg Peel
“Cryptocurrencies such as bitcoin and ether offer a number of benefits, and one of the most fundamental is not requiring trust in an intermediary institution to send payments, which opens up their use to anyone around the globe,” notes crypto news and data service CoinDesk. “But one key drawback is that cryptocurrencies’ prices are unpredictable and have a tendency to fluctuate, often wildly”.
-The risks for Ethereum
By Greg Peel
This is the third part in FNArena’s series on the world of crypto. Part I explains just what bitcoin is and how it works. Part II compares bitcoin and gold as stores of wealth. Links below.
Proof of Work
As explained in the first part of this series, bitcoin is backed by the blockchain ledger system. Critical to bitcoin’s existence is the verification of each block in the chain, which is provided by solving a complex algorithm available in “open source”, and which does not require a superior brain but rather the capacity to run bllions of calculations to arrive at the right answer.
The Orchestra of Northern New York has performed the lament “Ashokan Farewell” a couple of times at its July concerts over the years, but this year the tune will take
The Orchestra of Northern New York will help celebrate our independence in more ways than one with its upcoming concerts related to the Fourth of July.