What are crypto currencies? Based on your research, describe the pros and cons of using Bitcoins (a prominent example of a cryptocurrency) as a medium of exchange especially in international transactions. Trace the history and growth of cryptocurrencies.
Describe both the transactions and speculative role of Bitcoins. What are the inherent risks in using Bitcoins? What will be the challenges of regulating Bitcoins focusing especially on cybersecurity concerns? Explain.
In conclusion, what is likely to be the future of cryptocurrencies? Explain.
I expect you to write around 5-6 pages – 2000 word essay (double-spaced) and include a list of references using the APA style. Make sure that the paper is well written, organized and free of grammatical/spelling errors. Do not cut & paste and if you use a direct quote, acknowledge the source. Please do not use the same source (s) extensively throughout the paper; rather, refer multiple sources.
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