By Shreesha
Money here refers to US Dollar. Pre-Gold Standard Era Money is actually a medium of exchange that represents some value. Earlier this value was represented by The Gold Standard(read more about the concept behind gold standard here).Under Gold Standard, though…
For any currency to be viable, it had to have the following 2 features among others: – Higher Stock-to-flow Ratio(which gives it more value) Hardness More about Stock-to-flow ratio and hardness here. Both these were satisfied by the precious metals,…
Checkout these buzzwords related to currency issuance! Stock-to-flow Ratio: – It is the ratio of the units of a currency already existing(STOCK) to that which can be produced in a year(FLOW). The higher the stock-to-flow ratio, more viable is the…
The word Hashrate is associated with Bitcoin mining. In the Bitcoin network, a new Bitcoin is issued to a “miner” as a block reward for solving a block. This is done by using special hardware to solve a complex computational…
Plaintiff – Securities Exchange Commission(SEC)Defendent – Ripple Labs Ripple(XRP) is the 3rd biggest cryptocurrency by market capitalization. It was created by a company initially called Newcoin.Inc(later named into Ripple Labs in 2013). They basically created XRP tokens as a part…
I This year was full of surprises. Though the markets remained fairly volatile, it made some huge moves this year. The S&P 500 began its downfall(after closing at its highest at 3,386.15) February 20th after the declaration of the pandemic…
