Article | REF: IH5538 V1

How to create trust with blockchains

Author: Jean-Paul DELAHAYE

Publication date: December 10, 2020

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2. Conclusion

Cryptocurrencies are useful for many reasons. To send money from one country to another, which is of interest to foreign workers who regularly send money home to their families and who are now being plundered. To organize gambling platforms where you can risk money without having to declare your identity or create a local account. To dispose of large sums of money in a small volume, even reduced to nothing. To speculate. To pay without having a bank account and without having to leave your identity with the seller, etc.

These particular properties of bitcoin could help to sustain and grow interest in the currency, with the result that its price will rise as more and more people use it.

Still others believe that the essential thing is the idea of peer-to-peer operation based on a file analogous to the blockchain, because such files enable...

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