2 - The Evolution of Monetary Policy
Bankless
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Central Banks vs. Cryptocurrency: A Comparative Analysis
This chapter delves into the key distinctions between the currency issuance methods of central banks and cryptocurrency networks like Bitcoin and Ethereum. It examines the security mechanisms of both platforms, comparing Bitcoin's proof of work with Ethereum's proof of stake, while addressing the implications of a centralized versus decentralized financial system. Furthermore, the chapter highlights the evolving nature of cryptocurrency mining and the shift towards corporate dominance, raising concerns about accessibility and power concentration.
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