The Rise and Fall of Cryptocurrencies: Defining the Economic and Social Values of Blockchain Technologies, assessing the Opportunities, and defining the Financial and Cybersecurity Risks of the Metaverse.
Creators: name: Radanliev, Petar
Publisher: name: figshare
Year: 2023
Subjects: classificationCode: 350202
subject: Finance
classificationCode: 350207
subject: International finance
classificationCode: 389999
subject: Other economics not elsewhere classified
classificationCode: 389901
subject: Comparative economic systems
classificationCode: 400602
subject: Data communications
classificationCode: 400604
subject: Network engineering
classificationCode: 400699
subject: Communications engineering not elsewhere classified
classificationCode: 460401
subject: Cryptography
classificationCode: 461302
subject: Computational complexity and computability
classificationCode: 490104
subject: Complex systems
classificationCode: 460601
subject: Cloud computing
classificationCode: 460701
subject: Computer aided design
classificationCode: 460304
subject: Computer vision
classificationCode: 460806
subject: Human-computer interaction
classificationCode: 460805
subject: Fairness, accountability, transparency, trust and ethics of computer systems
classificationCode: 460603
subject: Cyberphysical systems and internet of things
classificationCode: 460499
subject: Cybersecurity and privacy not elsewhere classified
classificationCode: 440207
subject: Cybercrime
classificationCode: 460405
subject: Hardware security
classificationCode: 460904
subject: Information security management
classificationCode: 460403
subject: Data security and protection
classificationCode: 460406
subject: Software and application security
classificationCode: 460407
subject: System and network security
classificationCode: 440212
subject: Private policing and security services

description: <b>This paper contextualises the common queries of "why is crypto crashing?" and "why is crypto down?", the research transcends beyond the frequent market fluctuations to unravel how cryptocurrencies fundamentally work and the step-by-step process on how to create a cryptocurrency.</b>The study examines blockchain technologies and their pivotal role in the evolving Metaverse, shedding light on topics such as how to invest in cryptocurrency, the mechanics behind crypto mining, and strategies to effectively buy and trade cryptocurrencies. Through an interdisciplinary approach, the research transitions from the fundamental principles of fintech investment strategies to the overarching implications of blockchain within the Metaverse. Alongside exploring machine learning potentials in financial sectors and risk assessment methodologies, the study critically assesses whether developed or developing nations are poised to reap greater benefits from these technologies. Moreover, it probes into both enduring and dubious crypto projects, drawing a distinct line between genuine blockchain applications and Ponzi-like schemes. The conclusion resolutely affirms the continuing dominance of blockchain technologies, underlined by a profound exploration of their intrinsic value and a reflective commentary by the author on the potential risks confronting individual investors.