FAQ

FREQUENTLY ASKED QUESTIONS

Bitcoin is the most stellar and most useful system of mutual trust ever devised.​

Everyone seems to quote ‘market cap’ (price*total volume) but this seems to be of pretty limited value, particularly if you want to have a measure of the relative utility or use of a cryptocurrency. Can anyone suggest some alternative metrics? It seems that there’s an entire field here yet to be developed.

Already at least several commercial banks have created their own cryptocurrencies. Some investment funds invest part of their assets in selected cryptocurrencies. Recently, the investment bank JP Morgan has created its own cryptocurrency JPM Coin. Cryptocurrency JPM Coin will be used to settle initially a small part of the transaction, which JP Morgan performs on a daily basis for a total of about USD 6 billion.

Blockchain is defined as a decentralized and distributed database in the open source model in a peer-to-peer internet network without central computers and without a centralized data storage space, used to record individual transactions, payments or journal entries encoded using cryptographic algorithms.

Bitcoin and cryptocurrency has bloomed since 2009. Will it be accepted and regulated by the central bank to be used as trading mechanism in the near future? Albeit there has been minimal informal usage of Bitcoin in some trading.

How will general acceptance of cryptocurrency impact the financial sector and if not generally accepted, what will still happen?

Everyone seems to quote ‘market cap’ (price*total volume) but this seems to be of pretty limited value, particularly if you want to have a measure of the relative utility or use of a cryptocurrency. Can anyone suggest some alternative metrics? It seems that there’s an entire field here yet to be developed.

Already at least several commercial banks have created their own cryptocurrencies. Some investment funds invest part of their assets in selected cryptocurrencies. Recently, the investment bank JP Morgan has created its own cryptocurrency JPM Coin. Cryptocurrency JPM Coin will be used to settle initially a small part of the transaction, which JP Morgan performs on a daily basis for a total of about USD 6 billion.

Blockchain is defined as a decentralized and distributed database in the open source model in a peer-to-peer internet network without central computers and without a centralized data storage space, used to record individual transactions, payments or journal entries encoded using cryptographic algorithms.

Bitcoin and cryptocurrency has bloomed since 2009. Will it be accepted and regulated by the central bank to be used as trading mechanism in the near future? Albeit there has been minimal informal usage of Bitcoin in some trading.

How will general acceptance of cryptocurrency impact the financial sector and if not generally accepted, what will still happen?

Is it safe to invest massively in Bitcoin/cryptocurrency (or crypto currency)? Many people are trying to invest much in cryptocurrency (or crypto currency). As a researcher and/or scholar, what are your suggestions/perspectives in this matter?

In the context of cryptocurrency mining, a mining pool is the pooling of resources by miners, who share their processing power over a network, to split the reward equally, according to the amount of work they contributed to the probability of finding a block.

Due to the policy of public ledger, blockchain has been found to be an emerging technology. Among other aspects, it has dragged attention majorly for serving a suitable domain for cryptocurrencies, where users’ authentication is being provided by the means of ECDSA. 

 We aim to analyze the data gathered from the interviews and focus groups, using a standard framework. We call for methods and frameworks applied in the literature to find the best practice for qualitative coding process.

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