Insights Magazine from CMSPI
Page 17 | November 2021
Figure 1. Market Share by Capitalization
WHAT IS CRYPTOCURRENCY?
a market capitalization of over $2 trillion. Cryptocurrencies are polarizing because of their immense volatility. But the core of the crypto experiment is blockchain, a highly secure data technology that is finding increasing uses in everything from financial transactions to tracking the movement of goods through global supply chains.
Cryptocurrency is a digital, software-based financial asset that has attracted the eye of investors, the public and merchants since the inception of Bitcoin in 2009. Since Bitcoin’s creation, more than 4,000 other digital currencies of various forms, capabilities and popularity have been created, leading to
CRYPTOCURRENCY IS:
CRYPTOCURRENCY IS NOT:
Ultimately, cryptocurrency is a collection of 1s and 0s. Fully Digital Legally, it is a financial asset rather than currency. An Asset
Money
It is not backed by any central authority (except for a few rare cases). Independent
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