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What is/are the discussed advantage(s) of a cryptocurrency based on a decentralised network? SECURITY CASE: Secured by cryptography making it nearly impossible to counterfeit or double spend.BUSINESS CASE: Its decentralised nature (with no intermediaries) make speedier and cheaper international transfers possible.IDEOLOGY CASE: Theoretically immune from governmental interference or manipulation of value.INVESTMENT CASE: Digital currency, virtual currency, ‘crypto assets’- a new type of asset class for speculators who expect value to rise.Group of answer choicesAnswer IV OnlyAnswer I OnlyAnswer III OnlyAnswer II OnlyAll available answers

Question

What is/are the discussed advantage(s) of a cryptocurrency based on a decentralised network? SECURITY CASE: Secured by cryptography making it nearly impossible to counterfeit or double spend.BUSINESS CASE: Its decentralised nature (with no intermediaries) make speedier and cheaper international transfers possible.IDEOLOGY CASE: Theoretically immune from governmental interference or manipulation of value.INVESTMENT CASE: Digital currency, virtual currency, ‘crypto assets’- a new type of asset class for speculators who expect value to rise.Group of answer choicesAnswer IV OnlyAnswer I OnlyAnswer III OnlyAnswer II OnlyAll available answers

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Solution

Let's analyze each statement:

  1. SECURITY CASE: Secured by cryptography making it nearly impossible to counterfeit or double spend: This is true. Cryptocurrencies use cryptographic techniques for security, making them highly secure and resistant to fraud.

  2. BUSINESS CASE: Its decentralised nature (with no intermediaries) make speedier and cheaper international transfers possible: This is also true. The decentralized nature of cryptocurrencies allows for faster and more cost-effective transactions, especially for international transfers.

  3. IDEOLOGY CASE: Theoretically immune from governmental interference or manipulation of value: This is true as well. Cryptocurrencies operate on decentralized networks, making them theoretically immune to government interference or manipulation.

  4. INVESTMENT CASE: Digital currency, virtual currency, ‘crypto assets’- a new type of asset class for speculators who expect value to rise: This is also true. Cryptocurrencies have become a new asset class for investors, with many speculating on their potential for high returns.

Given that all these statements are true, the correct answer is "All available answers".

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