Stablecoins are gold-backed versions of gold-backed fiat. The difference is that they are not backed by gold. Instead, stablecoins are meant to be backed by fiat currency or other digital assets. Stablecoins provide price stability where the typical cryptocurrency does not.
There is a lot of confusion surrounding the differences between blockchain and cryptocurrency. Since blockchain is closely related to Bitcoin, one of the most widely known cryptocurrencies, it is easy to assume that they are one and the same. However, blockchain and cryptocurrency are two completely different things.
Initially, cryptocurrencies were fairly obscure. Only true enthusiasts would dedicate the time and resources to mining options like Bitcoin, so their activities were not having a major impact on the world around them. However, as cryptocurrencies became increasingly popular and mainstream, more people decided to try their hand at mining, hoping to scrounge up coins with minimal financial investment. As a result, they cumulatively had a larger effect on the environment.
Financial transactions are the center of the world of accounting. Whether it is helping a person or business balance their books, monitoring incoming and outgoing payments, or assisting with tax filings, financial transactions are at the core of the field. Since cryptocurrencies don’t follow standard transaction processing protocols, does that mean these digital coins are a threat to accounting professionals?
Life insurance is designed to minimize the financial pain left behind by the passing for your loved ones, during a time when the last thing on your mind is money. Life insurance policies are difficult to understand, so it’s essential you steer clear of common problems so you can secure a policy that is catered to you. When shopping for life insurance, keep these tips in mind to avoid making costly mistakes.