Study Skills & Project Management: A Debate on Crypto-currencies Use

This essay presents a comprehensive debate on the use of crypto-currencies, examining their role as digital currencies employing encryption and blockchain technology. It explores the advantages, such as enabling frictionless financial data, facilitating international transactions, and supporting small businesses by reducing bureaucracy and bank fees. The essay also addresses the drawbacks, including high volatility, the potential for illegal activities like tax evasion, and the risk of irreversible data loss. It concludes by weighing the benefits for consumers and investors against the economic risks and the need for careful consideration of digital strategies in the market. Desklib offers a range of study tools, including similar solved assignments and past papers, to aid students in their academic pursuits.

Study Skills & Project
Management: Task 1
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Table of Contents
Position 2 - Debate the use of crypto-currencies.............................................................................3
Introduction.....................................................................................................................................3
Main Body.......................................................................................................................................3
Conclusion.......................................................................................................................................5
References.......................................................................................................................................6
Books & Journals...................................................................................................................6
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Position 2 - Debate the use of crypto-currencies
Introduction
Cryptocurrency is the digital currencies used to make encryption to collect the data
designed to work as a medium to make effective growth and stored to make a computerized
database. It is one of the vital debate topics related to providing effective increase and significant
changes to trade profit in systematic growth. This report includes an inclusive debate on the use
of crypto-currencies and their services (Altschuler, 2021). A detailed introduction is used to
make frictionless financial data, ability to work in international boundaries, and other systematic
order underlying the technology.
Main Body
The technology used to work and function the crypto-currencies is the block chain, and it
is used to make a block chain and keep the records for prior bitcoin transaction history. Using
these data helps generate validation and provide a systematic link to work the entire network to
make native through mining to users through different users (Arguments for and against
Cryptocurrencies, 2021). When it comes to using cryptocurrencies, it helps generalise the
statement and work according to the decentralized currencies to make centralized authorities
make effective decisions—decentralized to create inflation and make negative growth in
different challenges.
Unlike bank transactions, crypto-currencies are completely helpful for anonymous and
address the payment and help others identify the theft (Aslan, 2021). The use of crypto-
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currencies helps generate small businesses. It will allow the money to enable the deal with
bureaucracy to make regulations or reduce bank fees. It is helpful for the growth and
productivity to work and make effective bound to grow due to the significant dramatic rise in the
market to arise the popularity at the mass level and have the wide acceptance as the effective
payment method. Using the crypto-currencies is practical and helpful for working in different
manners and making digital transactions such as using different credit cards to other modes
inappropriate primary ways. These points show that the use of crypto-currencies can work
effectively in the market and make systematic growth in the use of international transactions.
Furthermore, the appropriate use of spin-off advantage helps underlie the technology and work
in more systematic ways (Corbet, Lucey, and Yarovaya, 2021).
On the contrary, the use of cryptocurrencies is highly volatile, the massive price over a
short period. It is a tricky question to make highly considered in the use of future currency. With
the help of high government and different countries are used and manage to work effectively into
the market and make a good attitude to make crypto-currencies a highly legal tender, people are
basically unaware and make risky investments.
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These are considered the nature of crypto-currencies and attract many illegal and illicit
activities such as tax evasion and gambling etc. (Náñez Alonso and et al., 2021). It helps
generalize the storage device in which the stored crypto-currencies can be damaged or even lost.
Once the crypto-currencies are lost, then the bitcoins are not able to be recovered by any means.
There are some significant changes to make effective crypto-currencies like bitcoin make highly
associated with being verified on the first try. In last, it can be said that the use of high crypto-
currencies or online hacking is highly interlinked and makes it riskier to use highly advanced
technology (Stabinski, 2021). It is helpful for sanctions to manage increasingly to create high
traffic in crypto-currencies.
Conclusion
The above report shows that it is a high technology and makes adequate for the new
opening and layer within the use of the internet. This is highly beneficial for the consumer and
investors. Still, at the same time, it will be related to the high economic risk to make own digital
risks in response to work effectively into the market and gain highly transferred changes and
introducing their different digital strategies in the market. It is beneficial to raise funds to invest
in, resulting in significant analysis to draw high-profile investors.
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References
Books & Journals
Altschuler, S. (2021). Should Centralized Exchange Regulations Apply to Cryptocurrency
Protocols?.
Aslan, A. (2021). Financial economics of cryptocurrency markets (Doctoral dissertation, Bilkent
University).
Corbet, S., Lucey, B., & Yarovaya, L. (2021). Bitcoin-energy markets interrelationships-New
evidence. Resources Policy, 70, 101916.
Náñez Alonso, S. L., Jorge-Vázquez, J., Echarte Fernández, M. Á., & Reier Forradellas, R. F.
(2021). Cryptocurrency Mining from an Economic and Environmental Perspective.
Analysis of the Most and Least Sustainable Countries. Energies, 14(14), 4254.
Stabinski, M. (2021). Cryptocurrency Drives Data Center Innovation. ASHRAE Journal, 63(10),
44-49.
Online
Arguments for and against Cryptocurrencies, 2021. [Online]. Available through:
<https://www.debatingeurope.eu/focus/arguments-for-and-against-cryptocurrencies/
#.YYDCLvF97qM>.
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