From Infancy to Green Initiatives
Cryptocurrency has changed the world – but can it also be used to save it? Over the last four decades, cryptocurrency has evolved from a futuristic ideal, to a coveted and highly sought-after asset. In order to understand the potential of cryptocurrency, one must first understand how and why it exists. Initially cryptocurrency was intended to work solely as its name suggests: as a form of digital currency. This emerging technology had several benefits, but also had a detrimental environmental impact. The focus of this paper is two-fold: it explores the history of cryptocurrency as a unit of value, and it will elaborate on how the progression of cryptocurrency has led to the creation of a global carbon market that can help preserve future generations.
What is Cryptocurrency?