Have You Seen This WEF Crypto Paper?? KEY Insights!!
👨🏫What Is The World Economic Forum?👨🏫
The World Economic Forum was initially just a small club of high-profile businesspeople in Western Europe who would get together to discuss ideas, broker deals, and form partnerships Today the World Economic Forum consists of nearly 4000 of the most powerful people in public office and private industry whose ideas are guided by the writings of WEF founder Klaus Schwab The World Economic Forum is famous for its annual summit in Davos, where these elected and unelected officials discuss the future of the world without our input.
👨💻How To Buy And Store Cryptocurrency👨💻
Cryptocurrencies can of course be custodied i.e. held in two different ways: on your own cryptocurrency wallet, or on someone else’s cryptocurrency wallet, specifically a cryptocurrency custodian When it comes to actually buying cryptocurrencies, the guide rightly suggests using a cryptocurrency exchange as an individual and an OTC desk as an institution
⛓How Cryptocurrencies Work⛓
Most cryptocurrency transactions are pseudonymous because you can see every single one of them using a blockchain explorer As the guide explains, running your own Bitcoin node not only adds to the blockchain’s decentralization, but it also makes it possible to interface directly with the blockchain A lot of emphasis is put on how secure proof of work is, and the guide even highlights the fact that proof of stake does not seem to provide the same degree of security
💱Smart Contract Cryptocurrencies Explained💱
Oddly enough, almost half of this section explains the importance of different coding languages when creating cryptocurrency smart contracts. The rest focuses on how decentralized applications can disrupt existing business models and industries
Governance exists on a spectrum, and decentralized organization on both the on chain and dApp levels are constantly trying to find the sweet spot in terms of who gets to control what
🏎The Fastest Cryptocurrencies (According To The WEF)🏎
The authors have put six cryptocurrencies in the spotlight: Algorand, Cardano, Celo, XRP, Solana, and Stellar. Cardano sticks out as it is neither the fastest nor offers instant finality, which suggests that The World Economic Forum may be interested in the project for other reasons ⚖Cryptocurrency Regulation And Compliance⚖ What’s nice is that the authors seem to imply that the ideal middle ground is to enforce KYC rules at all points of entry and exit for the crypto space, meaning exchanges and crypto to fiat gateways What’s not nice is that the authors also seem to imply that the regulatory framework for cryptocurrency must be global, given that cryptocurrencies are global networks
~~~~~ 📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.