Debt is often compared to being a double-edged sword. Countries can borrow money to stimulate growth and large internal projects, affording their citizens a better economy to accumulate wealth and a higher quality of living. However, this debt comes with interest, and many countries end up in a vicious cycle of borrowing or printing more money to pay off their debts. The more money a country borrows, the more it has to pay back in the future. This means future generations will end up having to pay off the interest of debt borrowed in the past, reducing their ability to [...]
Image source Deemed as one of the biggest potential technological revolutions of recent history, quantum computing also poses security risks for the cryptocurrency space. Quantum-computing is able to harness quantum mechanics to reach data processing levels otherwise impossible with traditional computing. In 2015, Google announced that its quantum prototype was 100 million times faster than any other computer in their laboratory, and this was nearly five years ago. In that short time span, we’ve seen a massive explosion in popularity and quantity of cryptocurrencies. It’s been estimated that in order to hack a single a 64-digit hexadecimal private key, it [...]
Cryptocurrency was built with the primary purpose of being decentralized and distributed. We explain the possibility of bitcoin regulation. Read more here.