The document discusses legalizing digital currency in Pakistan through various business analysis tools. It begins with an introduction and problem statement, then outlines objectives to adopt digital currency legally using SWOT analysis, PESTLE analysis, Porter's Five Forces analysis, V-MOST analysis, and other frameworks. The body of the document applies these tools to analyze strengths, weaknesses, opportunities, threats related to bitcoin and other factors influencing the cryptocurrency industry. It considers political, economic, social, and technological factors that impact adoption. The overall aim is to explore how to legally integrate digital currency in Pakistan.
An Introduction into Cryptocurrencies_ Understanding the Future of Digital Cu...Niall O'Riordan
Cryptocurrencies have revolutionised the world of finance, offering a digital alternative to traditional forms of currency. But what exactly are cryptocurrencies and how do they work?
What is Cryptocurrency and Why is it Important?
Cryptocurrency is a revolutionary digital or virtual form of currency that utilizes cryptographic techniques to secure financial transactions and control the creation of new units. It is decentralized, meaning it is not controlled by any central authority, such as a government or a central bank, which sets it apart from traditional fiat currencies like the US dollar or the euro. Instead, cryptocurrencies rely on a technology called blockchain, a distributed ledger that records all transactions across a network of computers.
The emergence of cryptocurrency, spearheaded by the creation of Bitcoin in 2009 by an anonymous entity known as Satoshi Nakamoto, has ushered in a new era of financial innovation and digital commerce. Bitcoin was the first cryptocurrency and remains the most well-known and valuable, but it has since been joined by thousands of other cryptocurrencies, each with its own unique features and use cases. Ethereum, for instance, introduced the concept of smart contracts, allowing for self-executing agreements with no need for intermediaries.
Two things crypto investors should know about money laundering and taxationFinlaw Associates
While cryptocurrencies do not pose a threat to the global financial stability, we remain vigilant about risks such as consumer and investor protection, money laundering, and the fight against frauds.
An Introduction into Cryptocurrencies_ Understanding the Future of Digital Cu...Niall O'Riordan
Cryptocurrencies have revolutionised the world of finance, offering a digital alternative to traditional forms of currency. But what exactly are cryptocurrencies and how do they work?
What is Cryptocurrency and Why is it Important?
Cryptocurrency is a revolutionary digital or virtual form of currency that utilizes cryptographic techniques to secure financial transactions and control the creation of new units. It is decentralized, meaning it is not controlled by any central authority, such as a government or a central bank, which sets it apart from traditional fiat currencies like the US dollar or the euro. Instead, cryptocurrencies rely on a technology called blockchain, a distributed ledger that records all transactions across a network of computers.
The emergence of cryptocurrency, spearheaded by the creation of Bitcoin in 2009 by an anonymous entity known as Satoshi Nakamoto, has ushered in a new era of financial innovation and digital commerce. Bitcoin was the first cryptocurrency and remains the most well-known and valuable, but it has since been joined by thousands of other cryptocurrencies, each with its own unique features and use cases. Ethereum, for instance, introduced the concept of smart contracts, allowing for self-executing agreements with no need for intermediaries.
Two things crypto investors should know about money laundering and taxationFinlaw Associates
While cryptocurrencies do not pose a threat to the global financial stability, we remain vigilant about risks such as consumer and investor protection, money laundering, and the fight against frauds.
How to make money with cryptocurrency in 2022.pdfNerajKumar2
How to make money with crypto,how to make money with cryptocurrency,how to earn from cryptocurrency,how to make money,how to make money daily with bitcoin
Cryptocurrency-recommended coins and purposeswatt promj
Top 5 Cryptocurrencies - Recommended For Long-Term Investment
If you have no crypto assets yet, here are the coins I recommend for long-term holding, to make sure you end up making profits in time.
Although I am not giving financial advice, if I were to start investing
in crypto these days as a beginner, these 5 coins would be my picks considering each of the coins has a utility.
These coins will be around for the next 10-20 years at least. This means if you hold these coins for a long time, you will see gains as years go by. The longer you will hold these coins, the more money you will make, that goes without saying.
Cryptocurrency Alliance Super PAC-The Global Emergence of Cryptocurrencies an...Casey Botticello
The Cryptocurrency Alliance Super PAC-The Global Emergence of Cryptocurrencies and Blockchain Technology. This presentation provides an overview of the origins, technology, and applications of cryptocurrency and blockchain technology. Presented by Casey Botticello, President of The Cryptocurrency Alliance Super PAC.
For more information about The Cryptocurrency Alliance Super PAC and to get the latest crypto updates, go to: www.cryptocurrencyalliance.org
To get exclusive access to business content, from Casey Botticello, go to: www.caseybotticello.com
Social Media/Content Links:
Super PAC: www.cryptocurrencyalliance.org
Projects: www.caseybotticello.com
Medium Articles: https://medium.com/@caseybotticello
LinkedIn: https://www.linkedin.com/in/caseybotticello
Twitter: https://twitter.com/caseybotticello
Private Equity Investments: www.botticello.com
Impact of cryptocurrency on Economy - India and Global. This has been taken from several online sources. References mentioned at the end of the article. A cryptocurrency is digital money in an electronic payment system in which payments are validated by a decentralized network of system users and cryptographic protocols instead of by a centralized intermediary (such as a bank).
Money serves three interrelated economic functions: it is a medium of exchange, a unit of account, and a store of value. Without it, people would have to engage in a barter economy, wherein people trade goods and services for other goods and services.
There are speculations on whether cryptocurrency will be more efficient and secure than existing money systems or if it can effectively act as money and achieve widespread use. However, that is the not primary focus of the article.
How Is Cryptocurrency Affecting The World Economy? | +971 589 500 125AaqilFaraj1
The introduction of cryptocurrency licences in Dubai has given rise to a new industry committed to overseeing cryptocurrency exchanges operating throughout the world. Some early adopters became instantly wealthy, while others developed companies whose revenue comes from trading.
https://www.dubaibusinesssetup.ae/cryptocurrency-license/
The Rise of Cryptocurrency: Revolutionizing the Financial LandscapeBusiness Class23
This article delves into the world of cryptocurrency, exploring its origins, benefits, and challenges. It highlights the revolutionary potential of digital currencies and blockchain technology, which have transformed the financial landscape. The article examines the decentralized nature of cryptocurrencies, their security features, and their ability to foster financial inclusion. It also discusses the investment opportunities associated with cryptocurrencies and the emergence of cryptocurrency exchanges. However, the article doesn't shy away from addressing the challenges and risks, such as price volatility, security concerns, and regulatory uncertainties. It emphasizes the need for caution and understanding while navigating the cryptocurrency space. Lastly, the article explores the future of cryptocurrencies, including institutional adoption, the development of central bank digital currencies, and the diverse applications of blockchain technology beyond currency. Overall, this comprehensive article provides readers with a well-rounded understanding of the current state and potential future of cryptocurrencies, empowering them to make informed decisions in this dynamic and evolving field.
Crypto currencies usage is growing in a more connected world. The traditional banking industry is being disrupted by a decentralized network, rich in computing resources and connectivity.
Full quality version here -> https://www.scribd.com/document/333257162/Crypto-Currency-Mining-Science
What impact might cryptocurrency and blockchain have on the future.pdfMary Gathege
The Blockchain Ecosystem: The Most Important Breakthrough Of Your Lifetime
What is the Blockchain Ecosystem and why is it important?
Get a big picture overview of this mega-trend and learn how to position yourself for maximum profits.
Click here to learn more.https://bit.ly/3lnxp89
Crypto for Beginners: Embracing the Digital RevolutionDarnel6
The World of Crypto is Calling You. Learn everything there is to know about crypto for a beginner all the way up to the pro level. Decode the mystery of cryto currency and blockchain. Grow your finances to higher heights. Fire your boss and become financially independent. Invest in yourself by gaining the necessary knowledge of crypto currency to earn and excel in this game of cyber finance.
Cryptocurrencies are on the rise, and this trend isn’t going to slow down any time soon. Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and to control the creation of new units.
Unraveling the Bitcoin Breakthrough_ The Future of Cryptocurrency.pdfhk2635475
Cryptocurrency could be a buzzword that has been making waves for a long time presently . Among the different advanced monetary standards , Bitcoin is the foremost well known and widely used. It has been nearly 12 a long time since Bitcoin was to begin with , and it has come a long way since at that point . In a fairly long time , Bitcoin has gone from being a cloud concept to a worldwide wonder , and it has earned a parcel of consideration from investors, dealers , and indeed governments. In spite of this, there are still numerous people who are uncertain about how Bitcoin and other cryptocurrencies work, and what their future might hold. In this post, we'll dive into what Bitcoin is, how it works, and what long term cryptocurrency might seem like. From block chain innovation to the masters and cons of contributing in computerized cash , we'll cover everything you would like to know around the world of cryptocurrency.
The Blockchain is a technology created with the bitcoin, which has become the world's 8th currency in terms of amounts exchanged. The Blockchain brings with it new promises of innovation in all sectors, but also of disruption of dominant economic models. By taking an interest now in its potential applications, we can be one step ahead of the next stage of the digital revolution and the advent of a "horizontal" society,
without intermediaries or centralized authority...
The Blockchain is probably set to revolutionize transactions and exchanges; in the same way that Internet enabled peer-to-peer communication, in the years to come the Blockchain will provide the means for peer-to-peer transactions under a decentralized and autonomous rationale.
As the world becomes increasingly digital, the concept of money has also evolved. One significant development in this realm is the emergence of cryptocurrency, a form of digital money that operates independently of traditional banking systems. Cryptocurrency is a complex and often misunderstood topic, but in this article, I will break down the fundamentals and explore its role in revolutionizing global finance.
At its core, cryptocurrency is a digital asset that uses cryptography to secure and verify transactions and control the creation of new units. It operates on a decentralized network, meaning it is not controlled by a single entity or government. Instead, transactions are verified by a network of users, making it a transparent and secure method of conducting financial transactions.
Let's dive deeper into the world of ODC! Ricardo Alves (OutSystems) will join us to tell all about the new Data Fabric. After that, Sezen de Bruijn (OutSystems) will get into the details on how to best design a sturdy architecture within ODC.
How to make money with cryptocurrency in 2022.pdfNerajKumar2
How to make money with crypto,how to make money with cryptocurrency,how to earn from cryptocurrency,how to make money,how to make money daily with bitcoin
Cryptocurrency-recommended coins and purposeswatt promj
Top 5 Cryptocurrencies - Recommended For Long-Term Investment
If you have no crypto assets yet, here are the coins I recommend for long-term holding, to make sure you end up making profits in time.
Although I am not giving financial advice, if I were to start investing
in crypto these days as a beginner, these 5 coins would be my picks considering each of the coins has a utility.
These coins will be around for the next 10-20 years at least. This means if you hold these coins for a long time, you will see gains as years go by. The longer you will hold these coins, the more money you will make, that goes without saying.
Cryptocurrency Alliance Super PAC-The Global Emergence of Cryptocurrencies an...Casey Botticello
The Cryptocurrency Alliance Super PAC-The Global Emergence of Cryptocurrencies and Blockchain Technology. This presentation provides an overview of the origins, technology, and applications of cryptocurrency and blockchain technology. Presented by Casey Botticello, President of The Cryptocurrency Alliance Super PAC.
For more information about The Cryptocurrency Alliance Super PAC and to get the latest crypto updates, go to: www.cryptocurrencyalliance.org
To get exclusive access to business content, from Casey Botticello, go to: www.caseybotticello.com
Social Media/Content Links:
Super PAC: www.cryptocurrencyalliance.org
Projects: www.caseybotticello.com
Medium Articles: https://medium.com/@caseybotticello
LinkedIn: https://www.linkedin.com/in/caseybotticello
Twitter: https://twitter.com/caseybotticello
Private Equity Investments: www.botticello.com
Impact of cryptocurrency on Economy - India and Global. This has been taken from several online sources. References mentioned at the end of the article. A cryptocurrency is digital money in an electronic payment system in which payments are validated by a decentralized network of system users and cryptographic protocols instead of by a centralized intermediary (such as a bank).
Money serves three interrelated economic functions: it is a medium of exchange, a unit of account, and a store of value. Without it, people would have to engage in a barter economy, wherein people trade goods and services for other goods and services.
There are speculations on whether cryptocurrency will be more efficient and secure than existing money systems or if it can effectively act as money and achieve widespread use. However, that is the not primary focus of the article.
How Is Cryptocurrency Affecting The World Economy? | +971 589 500 125AaqilFaraj1
The introduction of cryptocurrency licences in Dubai has given rise to a new industry committed to overseeing cryptocurrency exchanges operating throughout the world. Some early adopters became instantly wealthy, while others developed companies whose revenue comes from trading.
https://www.dubaibusinesssetup.ae/cryptocurrency-license/
The Rise of Cryptocurrency: Revolutionizing the Financial LandscapeBusiness Class23
This article delves into the world of cryptocurrency, exploring its origins, benefits, and challenges. It highlights the revolutionary potential of digital currencies and blockchain technology, which have transformed the financial landscape. The article examines the decentralized nature of cryptocurrencies, their security features, and their ability to foster financial inclusion. It also discusses the investment opportunities associated with cryptocurrencies and the emergence of cryptocurrency exchanges. However, the article doesn't shy away from addressing the challenges and risks, such as price volatility, security concerns, and regulatory uncertainties. It emphasizes the need for caution and understanding while navigating the cryptocurrency space. Lastly, the article explores the future of cryptocurrencies, including institutional adoption, the development of central bank digital currencies, and the diverse applications of blockchain technology beyond currency. Overall, this comprehensive article provides readers with a well-rounded understanding of the current state and potential future of cryptocurrencies, empowering them to make informed decisions in this dynamic and evolving field.
Crypto currencies usage is growing in a more connected world. The traditional banking industry is being disrupted by a decentralized network, rich in computing resources and connectivity.
Full quality version here -> https://www.scribd.com/document/333257162/Crypto-Currency-Mining-Science
What impact might cryptocurrency and blockchain have on the future.pdfMary Gathege
The Blockchain Ecosystem: The Most Important Breakthrough Of Your Lifetime
What is the Blockchain Ecosystem and why is it important?
Get a big picture overview of this mega-trend and learn how to position yourself for maximum profits.
Click here to learn more.https://bit.ly/3lnxp89
Crypto for Beginners: Embracing the Digital RevolutionDarnel6
The World of Crypto is Calling You. Learn everything there is to know about crypto for a beginner all the way up to the pro level. Decode the mystery of cryto currency and blockchain. Grow your finances to higher heights. Fire your boss and become financially independent. Invest in yourself by gaining the necessary knowledge of crypto currency to earn and excel in this game of cyber finance.
Cryptocurrencies are on the rise, and this trend isn’t going to slow down any time soon. Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and to control the creation of new units.
Unraveling the Bitcoin Breakthrough_ The Future of Cryptocurrency.pdfhk2635475
Cryptocurrency could be a buzzword that has been making waves for a long time presently . Among the different advanced monetary standards , Bitcoin is the foremost well known and widely used. It has been nearly 12 a long time since Bitcoin was to begin with , and it has come a long way since at that point . In a fairly long time , Bitcoin has gone from being a cloud concept to a worldwide wonder , and it has earned a parcel of consideration from investors, dealers , and indeed governments. In spite of this, there are still numerous people who are uncertain about how Bitcoin and other cryptocurrencies work, and what their future might hold. In this post, we'll dive into what Bitcoin is, how it works, and what long term cryptocurrency might seem like. From block chain innovation to the masters and cons of contributing in computerized cash , we'll cover everything you would like to know around the world of cryptocurrency.
The Blockchain is a technology created with the bitcoin, which has become the world's 8th currency in terms of amounts exchanged. The Blockchain brings with it new promises of innovation in all sectors, but also of disruption of dominant economic models. By taking an interest now in its potential applications, we can be one step ahead of the next stage of the digital revolution and the advent of a "horizontal" society,
without intermediaries or centralized authority...
The Blockchain is probably set to revolutionize transactions and exchanges; in the same way that Internet enabled peer-to-peer communication, in the years to come the Blockchain will provide the means for peer-to-peer transactions under a decentralized and autonomous rationale.
As the world becomes increasingly digital, the concept of money has also evolved. One significant development in this realm is the emergence of cryptocurrency, a form of digital money that operates independently of traditional banking systems. Cryptocurrency is a complex and often misunderstood topic, but in this article, I will break down the fundamentals and explore its role in revolutionizing global finance.
At its core, cryptocurrency is a digital asset that uses cryptography to secure and verify transactions and control the creation of new units. It operates on a decentralized network, meaning it is not controlled by a single entity or government. Instead, transactions are verified by a network of users, making it a transparent and secure method of conducting financial transactions.
Let's dive deeper into the world of ODC! Ricardo Alves (OutSystems) will join us to tell all about the new Data Fabric. After that, Sezen de Bruijn (OutSystems) will get into the details on how to best design a sturdy architecture within ODC.
Smart TV Buyer Insights Survey 2024 by 91mobiles.pdf91mobiles
91mobiles recently conducted a Smart TV Buyer Insights Survey in which we asked over 3,000 respondents about the TV they own, aspects they look at on a new TV, and their TV buying preferences.
UiPath Test Automation using UiPath Test Suite series, part 4DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 4. In this session, we will cover Test Manager overview along with SAP heatmap.
The UiPath Test Manager overview with SAP heatmap webinar offers a concise yet comprehensive exploration of the role of a Test Manager within SAP environments, coupled with the utilization of heatmaps for effective testing strategies.
Participants will gain insights into the responsibilities, challenges, and best practices associated with test management in SAP projects. Additionally, the webinar delves into the significance of heatmaps as a visual aid for identifying testing priorities, areas of risk, and resource allocation within SAP landscapes. Through this session, attendees can expect to enhance their understanding of test management principles while learning practical approaches to optimize testing processes in SAP environments using heatmap visualization techniques
What will you get from this session?
1. Insights into SAP testing best practices
2. Heatmap utilization for testing
3. Optimization of testing processes
4. Demo
Topics covered:
Execution from the test manager
Orchestrator execution result
Defect reporting
SAP heatmap example with demo
Speaker:
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
Accelerate your Kubernetes clusters with Varnish CachingThijs Feryn
A presentation about the usage and availability of Varnish on Kubernetes. This talk explores the capabilities of Varnish caching and shows how to use the Varnish Helm chart to deploy it to Kubernetes.
This presentation was delivered at K8SUG Singapore. See https://feryn.eu/presentations/accelerate-your-kubernetes-clusters-with-varnish-caching-k8sug-singapore-28-2024 for more details.
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Welcome to UiPath Test Automation using UiPath Test Suite series part 3. In this session, we will cover desktop automation along with UI automation.
Topics covered:
UI automation Introduction,
UI automation Sample
Desktop automation flow
Pradeep Chinnala, Senior Consultant Automation Developer @WonderBotz and UiPath MVP
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
Epistemic Interaction - tuning interfaces to provide information for AI supportAlan Dix
Paper presented at SYNERGY workshop at AVI 2024, Genoa, Italy. 3rd June 2024
https://alandix.com/academic/papers/synergy2024-epistemic/
As machine learning integrates deeper into human-computer interactions, the concept of epistemic interaction emerges, aiming to refine these interactions to enhance system adaptability. This approach encourages minor, intentional adjustments in user behaviour to enrich the data available for system learning. This paper introduces epistemic interaction within the context of human-system communication, illustrating how deliberate interaction design can improve system understanding and adaptation. Through concrete examples, we demonstrate the potential of epistemic interaction to significantly advance human-computer interaction by leveraging intuitive human communication strategies to inform system design and functionality, offering a novel pathway for enriching user-system engagements.
Connector Corner: Automate dynamic content and events by pushing a buttonDianaGray10
Here is something new! In our next Connector Corner webinar, we will demonstrate how you can use a single workflow to:
Create a campaign using Mailchimp with merge tags/fields
Send an interactive Slack channel message (using buttons)
Have the message received by managers and peers along with a test email for review
But there’s more:
In a second workflow supporting the same use case, you’ll see:
Your campaign sent to target colleagues for approval
If the “Approve” button is clicked, a Jira/Zendesk ticket is created for the marketing design team
But—if the “Reject” button is pushed, colleagues will be alerted via Slack message
Join us to learn more about this new, human-in-the-loop capability, brought to you by Integration Service connectors.
And...
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Akshay Agnihotri, Product Manager
Charlie Greenberg, Host
Software Delivery At the Speed of AI: Inflectra Invests In AI-Powered QualityInflectra
In this insightful webinar, Inflectra explores how artificial intelligence (AI) is transforming software development and testing. Discover how AI-powered tools are revolutionizing every stage of the software development lifecycle (SDLC), from design and prototyping to testing, deployment, and monitoring.
Learn about:
• The Future of Testing: How AI is shifting testing towards verification, analysis, and higher-level skills, while reducing repetitive tasks.
• Test Automation: How AI-powered test case generation, optimization, and self-healing tests are making testing more efficient and effective.
• Visual Testing: Explore the emerging capabilities of AI in visual testing and how it's set to revolutionize UI verification.
• Inflectra's AI Solutions: See demonstrations of Inflectra's cutting-edge AI tools like the ChatGPT plugin and Azure Open AI platform, designed to streamline your testing process.
Whether you're a developer, tester, or QA professional, this webinar will give you valuable insights into how AI is shaping the future of software delivery.
GraphRAG is All You need? LLM & Knowledge GraphGuy Korland
Guy Korland, CEO and Co-founder of FalkorDB, will review two articles on the integration of language models with knowledge graphs.
1. Unifying Large Language Models and Knowledge Graphs: A Roadmap.
https://arxiv.org/abs/2306.08302
2. Microsoft Research's GraphRAG paper and a review paper on various uses of knowledge graphs:
https://www.microsoft.com/en-us/research/blog/graphrag-unlocking-llm-discovery-on-narrative-private-data/
"Impact of front-end architecture on development cost", Viktor TurskyiFwdays
I have heard many times that architecture is not important for the front-end. Also, many times I have seen how developers implement features on the front-end just following the standard rules for a framework and think that this is enough to successfully launch the project, and then the project fails. How to prevent this and what approach to choose? I have launched dozens of complex projects and during the talk we will analyze which approaches have worked for me and which have not.
Kubernetes & AI - Beauty and the Beast !?! @KCD Istanbul 2024Tobias Schneck
As AI technology is pushing into IT I was wondering myself, as an “infrastructure container kubernetes guy”, how get this fancy AI technology get managed from an infrastructure operational view? Is it possible to apply our lovely cloud native principals as well? What benefit’s both technologies could bring to each other?
Let me take this questions and provide you a short journey through existing deployment models and use cases for AI software. On practical examples, we discuss what cloud/on-premise strategy we may need for applying it to our own infrastructure to get it to work from an enterprise perspective. I want to give an overview about infrastructure requirements and technologies, what could be beneficial or limiting your AI use cases in an enterprise environment. An interactive Demo will give you some insides, what approaches I got already working for real.
PHP Frameworks: I want to break free (IPC Berlin 2024)Ralf Eggert
In this presentation, we examine the challenges and limitations of relying too heavily on PHP frameworks in web development. We discuss the history of PHP and its frameworks to understand how this dependence has evolved. The focus will be on providing concrete tips and strategies to reduce reliance on these frameworks, based on real-world examples and practical considerations. The goal is to equip developers with the skills and knowledge to create more flexible and future-proof web applications. We'll explore the importance of maintaining autonomy in a rapidly changing tech landscape and how to make informed decisions in PHP development.
This talk is aimed at encouraging a more independent approach to using PHP frameworks, moving towards a more flexible and future-proof approach to PHP development.
The Art of the Pitch: WordPress Relationships and SalesLaura Byrne
Clients don’t know what they don’t know. What web solutions are right for them? How does WordPress come into the picture? How do you make sure you understand scope and timeline? What do you do if sometime changes?
All these questions and more will be explored as we talk about matching clients’ needs with what your agency offers without pulling teeth or pulling your hair out. Practical tips, and strategies for successful relationship building that leads to closing the deal.
3. Problem Statement
Legalization of digital currency;
We all know that digital currency is now a medium of exchange that is , encrypted, decentralized and digital.
There is no central authority to determine the value of digital currency.
Instead, the value of digital currency is determined by its customers over the Internet.
The government is failed to amuse the people.
4. Objectives
We’ll cover how can we adopt the digital currency in the legal way by using business analysis tools and techniques
which we had already cover in our course;
SWOT Analysis
PESTLE Analysis
Porter’s Five Forces Analysis
V-MOST
Business Canvas Model
Stakeholder Wheel
Ansoff Model
Six Sigma
5. Background
Digital currencies are currencies that are only accessible with computers or mobile phones because they only
exist in electronic form. Typical digital currencies do not require intermediaries and are often the cheapest
method for trading currencies.
So many people have same query in their mind after reading this how mining process occur?
Here is the answer;
We can say which option we are choosing proof of stake or proof of work in order to mine the native
currency of specific chain on which the person is miner in this way he/she can get their transaction done and
get the reward that reward will be in native currency.
8. Bitcoin strengths: cryptocurrency can’t be tracked or stolen.
Bitcoin weaknesses: crippling slow transactions and accessibility loss.
Bitcoin opportunities: Safety from compromising data breaches.
Bitcoin threats: The anonymity against governments and banks.
Bitcoin Strengths: Cryptocurrency can’t be tracked or stolen
Bitcoin uses blockchain (a peer-to-peer) network between the sender and the receiver. Only these two
parties are involved. It’s unlike any other method of transferring currency — which involves a third party,
like a bank. A middleman is prohibited from Bitcoin transactions.
Bitcoin Weaknesses: Crippling slow transactions and accessibility loss
Bitcoin transactions aren’t as fast as they were a few years ago. This is one of the downsides of Blockchain.
Basically, the blocks get bigger the more it’s in use. Making the whole process clunky and slow.
9. Bitcoin Opportunities: Safety from compromising data breaches
we’re moving away from physical money in favor of cashless currencies. In fact, big names like Amazon
are already accepting Bitcoin as payment for their goods. If companies the size of Amazon are recognizing
Bitcoins’ viability, it’s safe to assume others will follow.
The blockchain is a phenomenal technology with much promise. The blocks may be able to keep data like
criminal records, birth certificates, and public records private. It may pave the way for impenetrable
encryption. That’s something the masses are leaning towards for data protection.
Bitcoin Threats: The anonymity against governments and banks
Anonymity is a benefit. An opportunity. But it’s also a problem.
It’ll be a problem for the government or law enforcement, after all. If more criminals adopt Bitcoin into
their illegal purchases, law enforcement will face a challenge in finding and prosecuting these criminals.
And just because cryptocurrency appears infallible now, doesn’t mean it will in the future. As more
information about it surfaces, the holes will reveal themselves. People, such as criminals, will take
advantage of the issues ASAP.
12. In this section, the different elements that impact the growth and adoption of cryptocurrency industry using
PESTLE analysis.
Political: With large growth forecasted by analysts worldwide, the use of cryptocurrency is still new to the
market, it’s facing many challenges
Government Policy: Government support or opposition are extremely influential for the future of the
cryptocurrency industry, both in terms of regulation and for public sector adoption of blockchain
technology.
Political Stability: Regulators globally have raised the alarm over cryptocurrencies, saying they may aid
money laundering and terrorist financing, hurt consumers and undermine trust in the global financial
system.
Corruption: Use of cryptocurrencies lead to widespread government opposition and regulation. Less
chances of corruption due to the decentralization.
Tax Policy: Purpose of cryptocurrency as a decentralized mechanism, and regulations hinder investor profit
on tax collections
13. Trade: Recognizable assets such as stocks, commodity, or cryptocurrency are being affected by mainstream
global trade tussles.
Economy: Banks are significant institutions in financial and political framework of modern economies.
Economic Growth: It benefits through innovation, investment, jobs and taxes. Business benefits of adopting
crypto as a digital asset include access to new demographics and technological efficiencies.
Interest Rate: Higher interest rates may take the shine off some crypto investments, as they give savers the
opportunity to secure more attractive returns in a lower-risk way. However, the value of major digital
assets, such as bitcoin and ether, aren't just influenced by the cost of borrowing.
Unemployment Rate: An added advantage of cryptocurrency is that it's completely decentralized, which
means that for citizens living in countries with currency instability, cryptocurrency allows them to trade
freely across borders with citizens of more well-off countries, creating a level of economic equality.
14. Social: Cryptocurrencies seem to work out for those living in less developed world countries
Population and Growth Rate: Cryptocurrency seems to be driven into the mainstream as a currency and a
means of exchange by economies that are failing rather than thriving. Places lacking in financial
infrastructure or highly inflated currencies are more likely to identify Bitcoin as an alternative measure for
transaction. In the US and most developed countries, bitcoin is primarily a speculative investment.
Career: By adapting the newest technology we can flourish in our career as well. One of the most in-
demand careers in cryptocurrency is in data and software development. These jobs are in high demand and
offer a lucrative career path.
Cultural Barriers: The majority of the crypto community may not exactly mind the complexities of
entering in 42-character addresses or securing their private keys with all crypto prices. So, user's ability on
this matter may cause a barrier for crypto adoption. We people are not completely comfortable with the
digital currencies and still preferred the old transaction method.
15. Technology: Cryptocurrencies are built on a breakthrough technology called “Blockchain”.
Level of Innovation: The main innovation in cryptocurrencies is, that they are based on cryptographic proof
instead of trust, enabling two willing parties to transact directly and irreversibly with each other in a
decentralized manner without the need for a trusted third party to verify all transactions (Nakamoto 2008)
R&D Activity: The Blockchain technology is touted as having the capacity to be revolutionary in various
sectors such as finance, e-commerce, health, logistics, real estate, and jewelry industries, etc., even fighting
against corruptions. The transparency and security of data stored in a blockchain facilitate trust and
efficient.
Environment: Sustainable mining is another barrier on which many developers are still working on.
Environmental Policies: Proof of Stake could be a viable solution, but it is less safe and more prone to the
centralization that specific Proof of Work. Today, different countries like Canada and Australia allow for
crypto mining and using top crypto prices while using sustainable energy resources. We just need to
decrease the amount of computational power than blockchains that need to run.
16. Legal: Cryptocurrencies are built on a breakthrough technology called “Blockchain”.
All types of Law: The legality will be affected by the political disposition of the target country, as well as
the predominant economic theory that steers the countries markets. Most important is to settle the
jurisdiction of the classification of cryptocurrency
22. Vision
The Bitcoin vision is to create a new form of money outside the authority of any central issuer. The DeFi
vision inverts this, and takes the money creation part for granted. After all, you can spend a dollar on the
Ethereum network using a USD-backed stable coin, so why reinvent the wheel?
The main point of cryptocurrency is to fix the problems of traditional currencies by putting the power and
responsibility in the currency holders' hands.
Mission
To provide an alternative channel for everybody to flourish under a truly globalized and populist approach
of financial assertion and transparency paradigm.
This is essentially sought after by the people who vow to be economically free by fleeing from too much
interference in the case of democratic and monarchy governments that reserve the sole authority of
regulations and flow of money in the system.
23. Objective
The very first such cryptocurrency created is known as Bitcoin. It allows you the freedom to do what you
want with your money at any time and with anyone, anywhere around the world, without any restrictions
whatsoever other than those you place upon yourself. In essence, cryptocurrencies help people break free
from the constraints placed upon their money by companies, banks, their own governments, or even foreign
powers with a large leverage over the global financial system.
Strategy
When it comes to finding the perfect entry and exit point in a crypto market, it is best to assume that timing
the market is next to impossible. So, a rather sound way to go about investing in cryptos is ‘Dollar Cost
refers to investing a fixed amount at a regular interval. One of the most important trading strategies is to do
primary research. You need not be an expert at trading to conduct primary research on the value of the asset
you wish to purchase. This involves being updated with all the news flow regarding the crypto industry.
24. Tactics
Like trading in commodities and equities, crypto trading has its own pitfalls and risks. But earning long-
term benefits is also possible. To earn long-term benefits from trading in digital currencies, market
enthusiasts have to develop such strategies that make trading safe and fun at the same time. On that note,
let’s go through a couple of strategies that are helpful in getting favorable returns.
.
30. Blockchain technology can be viewed as a collection of components or layers. There are different ideas
around the number and organization of these layers, but for the purpose of this article, we’ll examine the
following:
Protocol layer: This includes fundamental architecture as well as the consensus layer, activating layer,
contract layer, and application layer.1
Networking layer: This relates to how the protocols (software) are implemented.2
Application layer: This layer acts as a user interface with the blockchain and includes smart contracts,
decentralized apps, and chain code.
These layers involve various stakeholders at each developmental stage who are involved in infrastructure
development, building services and products, funding, or education.
33. The four generic growth strategies recommended by Ansoff Matrix are –
Market Penetration
Market Development
Product Development
Product Diversification
Market Penetration: Leaders at Bitcoin Payments can use Ansoff Matrix to understand- Market Penetration.
It involves sales-driven approach in the present environment.
Market Development: This strategy involves efforts on part of the Bitcoin Payments to create new markets
and channels for the current products.
Product Development: It involves Bitcoin Payments either adding new features to the current product or
developing new products for the existing market
Product Diversification: Bitcoin Payments can use diversification strategies when both the product and
market is new to the firm.
36. From a Blockchain perspective there are many qualities it provides which can complement a Lean Six
Sigma operating model.
DMAIC – Define, Measure, Analyze, Improve and Control (DMAIC).
From a Blockchain perspective, to enable our assessment we will use its four key characteristics, namely:
Consensus, Provenance, Immutability, Finality.
37.
38. Solution;
Evidently, the legalization of digital currency will benefit world economies in the longer run. But, only if
the laws and regulations are implemented systematically and sustainably.
It will benefit a global population by offering access to basic financial and credit systems.