Cash may always be king, but it has become a rare form of payment in business transactions. As of 2009, decentralized cryptocurrency is the new kid on the block, giving rise to the next revolution.

Decentralized cryptocurrency is digital currency that uses encryption methods to both transfer funds and regulate the actual units of currency that are created. Cryptocurrency is “decentralized” when it operates independently of any central bank. According to Coin Market Cap, there are currently 643 different types of cryptocurrencies, and that number rises daily. Of these, bitcoin is the most popular, having a market capitalization of more than $6 billion.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]