The cost of making transactions using decentralized cryptocurrencies is currently much higher than the cost of making transactions using eg. debit cards because... O Because of the fluctuating prices of most Cryptocurrencies. O Decentralized Cryptocurrencies rely on Proof-of-Work secure transactions and this requires large electicity use O cryptocurrencies are not legal tender. O Decentralized Cryptocurrencies are currently able to process less transactions per second than Visa cards.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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The cost of making transactions using decentralized cryptocurrencies is currently much higher than the
cost of making transactions using eg. debit cards because...
O Because of the fluctuating prices of most Cryptocurrencies.
Decentralized Cryptocurrencies rely on Proof-of-Work secure transactions and this requires large
electicity use
O cryptocurrencies are not legal tender.
O Decentralized Cryptocurrencies are currently able to process less transactions per second than Visa
cards
Transcribed Image Text:The cost of making transactions using decentralized cryptocurrencies is currently much higher than the cost of making transactions using eg. debit cards because... O Because of the fluctuating prices of most Cryptocurrencies. Decentralized Cryptocurrencies rely on Proof-of-Work secure transactions and this requires large electicity use O cryptocurrencies are not legal tender. O Decentralized Cryptocurrencies are currently able to process less transactions per second than Visa cards
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