Analyzing Cryptocurrency: Study Skills & Project Management

This report provides an overview of cryptocurrency, defining it as a digital currency that utilizes encryption techniques. It discusses the advantages of cryptocurrency, such as eliminating third-party interference in transactions, providing cheaper alternatives to traditional banking, ensuring secure payments, and offering user awards. However, it also addresses the disadvantages, including the potential for illegal activities like money laundering and tax evasion, irreversible payments, limited use in everyday purchases, and the lack of a centralized listing for cryptocurrencies like Bitcoin. The report concludes by highlighting the effects of cryptocurrency and emphasizing the importance of understanding its technological implementations and associated risks.

Study Skills & Project
Management potation 2

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
CONCLUSION................................................................................................................................4
REFERENCES................................................................................................................................1

INTRODUCTION
Study skills are related to one of the finest criteria in a project management where there are
certain formulations that will have to be incorporated. It is not until when these formulations are
evaluated on a regular basis that the skills can therefore be gratified. Study skills will help a
person to win over the challenges as well as the speculations that are oriented in a business. The
business environment is composed of various set of amenities as well as the entities that were
brought forth with respect to the solution that will have to be looked after (Celestina, April). The
project solutions will help the entire project to be satisfied with the prior approach that is in
regard to the organisational entity. This particular report will deal with the prominence of a
project that would solve around the debate which is oriented with Cryptocurrency.
MAIN BODY
Cryptocurrency can be defined as the digital currency that is set to be on high to these days.
There are certain network sales that will act in regard to the techniques that will generate
encryption towards the usage of cryptocurrency. The world is at a pace of development and
therefore the new kind of currency will probably be enhanced and initiated with respect to all the
other technological implementations. This can also be the one that is performed with the absence
of centralised other variety and people can take charge over the transactions in a more
proprietary manner.
Advantages: there are a set of advantages that are falling in regard to this particular
cryptocurrency where in natural banks that are operating manually there is a third party
interference in between the transactions which include credit card or debit card or any other
banks. With the usage of cryptocurrency there will not be any kind of third parties that are
included and people can have a feasible transaction which can be made from minute. Also it is
considered to be an alternative measures that is cheaper than the one that is being enhanced and
initiated. Payment can be made in a secured format and the security is the unprecedented
challenge that is maintained anonymously (Chen, 2019). There is a facility called the user award
that is coming with the cryptocurrency in these modern systems. This gives access to public key
and private key where people can use them accordingly. The owner of the wallet can use the
required key as and when necessary. The processing fees that is a part of currency transactions is
the minimal when compared to the regular manual currency as well as a transaction that are in
regard to the normal money making. Cryptocurrency has got these advantages which hand

practice will orient with a better phase of development and also it can reduce the cost effective
measures which are oriented with transactions.
Fig: Growth of cryptocurrency
Disadvantages: likewise there are certain disadvantages at a polling in regard to the operation of
cryptocurrency. Since it is a digitalize currency there are certain misinterpretations that will
happen in regard to the illegal activities that are a part of the currency and its maintenance. It can
be focused upon money laundering tax evasion and possibly there are certain terror financing
issues that can revolve around cryptocurrency. This when not known properly it can be one of
the aspect to lose money. Payment once done will never be reversed. This is a reversible
payment can lead to the loss of money and that cannot be accepted everywhere. The
cryptocurrencies will have limited use where their prominence cannot be evaluated at all levels.
Many things that are in regard to currency as well as a purchase a cannot usually accept
cryptocurrency as the normal mode of payment (Duraes, 2018). This can be one of the concern
where people will fall as a prey towards their purchases and therefore this cannot be initiated.
One of the biggest disadvantage is that the bitcoins that are in regard to cryptocurrency are not

listed anywhere and therefore the materialistic good cannot be purchased. The identification will
have to be first in the world such that it can have a good reputation and the face and people
would eventually learn the basic that are in regard to it. That is eventually necessary in the
present scenario.
CONCLUSION
The report concludes upon highlighting the effects of cryptocurrency. Through this report one
can easily understand the formulation that are in regard to reference as well as if you see a full
stop the digitalised currency that is in regard to the present scenario as well as the technological
implementation is thoroughly enhanced in this report. The advantages as well as the
disadvantages that are in regard to cryptocurrency are pepetualised in this report.

REFERENCES
Books and journals
Celestina, April. An Auction Based Health Monitoring Scheme Using Group Management
Techniques in Wireless Sensor Network. In 2018 International Conference on
Communication and Signal Processing (ICCSP) (pp. 0383-0387). IEEE.
Chen, 2019. Advanced telecommunication technologies for low-delay access to electronic
medical records (Doctoral dissertation, King's College London).
Duraes, 2018. Escape distance of commercial beef cattle for auction. In 55a Reunião Anual da
Sociedade Brasileira de Zootecnia, 28° Congresso Brasileiro de Zootecnia, Goiânia, Brasil,
27 a 30 de agosto de 2018. Sociedade Brasileira de Zootecnia-SBZ, Associação Brasileira
dos Zootecnistas.
Online
Auction of medical record: [Online]. Available through: < Banksy’s Painting as Tribute to
Medical Staff Sold For Record High and Raised £16.8m For NHS Charities | Auctions
News | THE VALUE | Art News >
Growth of Cryptocurrency image: [Online]. Available through: https://cdn-images-
1.medium.com/max/1200/1*TVECe8SN45IaDyXb2tGOCQ.png
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