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Crypto Works Best As a ‘Large-Scale Retail Payment System’: Report

Crypto Works Best As a ‘Large-Scale Retail Payment System’: Report

A new report on Bitcoin and cryptocurrency has been published by the Bank of Canada, the country’s central bank. Entitled “The Economics of Cryptocurrencies-Bitcoin and Beyond,” the staff working paper details how blockchain networks achieve resilience and resistance to attack. The bigger the network, the more costly an attack, the less vulnerable a cryptocurrency becomes.








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