We have already talked about how the monetary system has evolved and what it looks like now. That leaves the last part, which is to look into the future, where the monetary system may be heading. Let’s take a look. If you missed previous parts of this article, you can find it here: Part 1
A new trend in investing points to NFTs. NFTs are non-fungible tokens that represent unique, one-of-a-kind items that you can buy the rights to through blockchain technology. This means that some of them can be very rare indeed. Let’s take a look at this new trend. The new trend Basically, many of us used to
The government in Colombia has decided to fund an app, a board game and a book to educate children and young people about cryptocurrency trading and exchanges. This is a proposal in the field of innovative project by Henry Jean Velásquez, who designed the game. Let’s take a look at how the game will work
You could have heard of central bank digital currencies (CBDCs). It’s also possible that you’ve heard words of praise or criticism, but everything about these currencies is a bit confusing. So let’s take a look at the central bank digital currency that is currently furthest along in its development – the digital yuan (or also
Bitcoin mining is energy intensive and miners are looking for ways to best rent the mining. They are therefore looking for places with cheap electricity where they can locate their farms. But the truth is that the cost of mining is rising over time and it will be a big challenge for miners to keep
When you move around the internet, your personal data is used. This is also a very debated topic, as people have become more aware and conscious of how their data is used, for example in advertising. Since the pandemic began, the need for the Internet and movement on it has increased, new laws are being
Anyone familiar with the principle of blockchain, and therefore cryptocurrencies, has probably asked themselves whether blockchain could help with world peace. Fortunately, there are many hypotheses on how to approach this topic. Let’s take a closer look at them. World peace in the past Let’s start with a bit of history. Many of you will
Blockchain is one of the fastest growing areas. And like any field, it is accompanied by trends in development. To date, blockchain is already in its fourth stage of development, which could bring great progress in the future. Currently, artificial intelligence (AI) is joining blockchain, let’s take a look at this trend. The trend in
In an interview with Kitco news, Michael Saylor, CEO of MicroStrategy, addresses the question of Bitcoin’s place in the global economy going forward. The Bitcoin network is growing rapidly, and Michael Saylor’s view is that the Bitcoin standard is the “21st century solution” to the problem of finding a store of value that does not
Distributed ledger technology (DLT), with its best-known blockchain architecture, has been with us since 2009, when Bitcoin emerged. Since then, businesses and institutions have become interested in the technology, and it has changed dramatically over the past few years. Today, distributed ledger technology (DLT) seems to have reached the mainstream. Let’s take a look at
There has been a lot of discussion lately around the topic of carbon footprint. This topic has also touched on cryptocurrencies and blockchain systems, with a huge debate sparked after Tesla stopped accepting Bitcoin as payment precisely because of its lack of green mining. But is this claim being grasped correctly? Let’s take a closer
With London Hardfork, Ethereum is slowly changing from Proof of Work to Proof of Stake at the moment. This means that it will no longer be mined and the blocks will be mined by the users themselves. Now, the long-awaited London Hardfork is on the scene and is expected to come into effect with a