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Cryptocurrencies - Coggle Diagram
Cryptocurrencies
basic information
no central authority
used as investment strategy
used as payment system
virtual
limited amount of issued shares
use the system of "blockchain"
official currency of Salvador
Types of cryptocurrencies
bitcoin
etherium
dogcoin
leightcoin
risks
decentralised database
bitcoin = currency of choice for drug dealers, etc
no exact tracing possibility
future of cryptocurrenccies
2nd possibility: The speculative bubble could burst --> loss of faith of the investors --> driving the sector out
1st possibility: widely used facet of daily life
3rd possibility: contiue like past years
use stays stable
mostly illegal
largely underground
disconnected frrom market price