Yu Chen, Binghamton University, State University of New York
There are many uses for digital systems that are not centrally controlled and that allow large numbers of people to participate securely, even if they don’t all know and trust each other.
Central banks are now taking digital currencies seriously, and the EU is exploring the idea. While an “e-euro” could increase monetary security and stability, the venture is not without risks.
The global trade of counterfeit and pirated products costs countries like Canada billions a year. Governments and industries must come together to protect Canadians.
Even though some traditional financial firms parked millions in the bankrupt company – once valued at $30 billion – the impact of FTX’s spectacular crash is limited to crypto investors
Ethereum, one of the world’s largest blockchains and host of decentralized finance, NFTs and billions of dollars’ worth of cryptocurrency, is poised to dramatically reduce its energy consumption.
As businesses establish themselves in the metaverse, the amount of financial transactions there will increase. This will come with previously unknown risks.
Associate Director, Initiative For Cryptocurrencies and Contracts (IC3); Assistant Prof. of Electrical Engineering, Technion - Israel Institute of Technology
Professor of Computer Science, Jacobs Technion-Cornell Institute, Cornell Tech, and Co-Director, Initiative for CryptoCurrencies and Contracts (IC3), Cornell University