Description
Broadly defined, a cryptocurrency is virtual or digital money that takes the form of tokens or “coins” and while some cryptocurrencies have ventured into the physical world with credit cards or other projects, the large majority remain entirely intangible. Bitcoin and other private cryptocurrencies are almost always designed to be free from government manipulation and control, however, as they have grown more popular, this foundational aspect of the industry has changed drastically over time. Now that China is ready to roll out a government controlled cryptocurrency called Blockchain, the US government is developing the US Fedcoin system. This lecture covers the new rollouts and the global implications of government created digital currencies.
