Читать книгу Cryptocurrency All-in-One For Dummies онлайн

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Not even two years later, countries around the world — including the U.K., Canada, Australia, Japan, and China — began investigating into how they could create their own digital currencies, seize cryptocurrency for themselves, and put money on the blockchain. History was made in 2021 by Purpose Investments, a Canadian asset management company that launched the world’s first Bitcoin ETF (exchange-traded fund). The Purpose Bitcoin ETF further shocked the investment world by crossing the $1 billion-in-assets mark within 30 days!

Blockchain’s promise of an uncompromisable ledger has made it an appealing system for governments that are seeking to reduce fraud and improve trust. Innovations in blockchain technology promise to increase its ability to handle the billions of transactions needed to support economies, making a cryptocurrency feasible at scale.

Blockchains are in themselves permanent and unalterable records of every transaction that is inputted. Putting a country’s money supply on a blockchain controlled by a central bank would be utterly transformative because there would be a permanent record of every financial transaction, existing at some level within their blockchain records, even if the records weren’t viewable by the public. Blockchain technology and digital currencies would reduce risk and fraud and give central banks ultimate control in executing monetary policy and taxation. It would not be anonymous in the way that Bitcoin initially was. In fact, it would be quite the opposite, giving central banks a full and auditable trail of every digital transaction made by individuals and companies. This system might even allow central banks to replace commercial banks’ role in circulating money.