Scienceblogtwo

One thing is certain, regardless of where you are in the cryptocurrency trend: These digital currencies are having a significant impact on the general public and don't seem to be going anywhere any time soon. Notably, El Salvador recently made bitcoin legal tender, and Eric Adams, the incoming mayor of New York, wants to make the city a hub for cryptocurrencies. According to a recent Pew Research Center survey, nearly 90% of Americans have heard of cryptocurrencies, despite the fact that only 16% of Americans claim to have invested in, traded, or used it. In general, proponents of cryptocurrencies and decentralized finance (where individuals can conduct financial transactions with one another without the intervention of a middleman or centralized body like a bank) contend that these platforms are transparent and anonymous at the same time, both of which are advantageous. The foundation of all cryptocurrencies, the blockchain, is the key to realizing this ambition. Every transaction...