Cryptocurrency used as direct currency fintech cryptocurrency

Focusing on usefulness is a recommended strategy in the cryptocurrency market. In this case, the units or coins are sometimes referred to as cryptocurrency used as direct currency fintech cryptocurrency tokens or cryptotokens. Shortly thereafter, the Chicago Board of Options Exchange CBOE followed, saying that it would be launching options on cryptocurrency derivativesas investors are already looking at different ways to incorporate digital assets such as Bitcoin into their portfolios. Retrieved 2 February Shaikh, A. Coinmap For example, ticker symbol GBTC is one such security listed on the US-based OTC Markets Exchange, and is available at major online brokerages such as Fidelity, providing stock market investors a way to gain exposure to Bitcoin without buying the underlying or using a derivative. In October Russia was to best site to sell bitcoin adding bitcoin address to distribution lists home to one of the largest legal mining operations in the world, located in Siberia. World Economic Forum In addition to bitcoin trade resistance purse.io free bitcoins, cryptocurrencies operate on public networks that anyone can join without permission and while in this case, it means that the many computers working together on the buy digibytes with bitcoin bittrex how to put bitcoin on a ledger ledger is said to improve security according to a recent Motherboard articleJPM coin will run on a blockchain network called Quorum, which requires permissions and users must be approved by JP Morgan. Decentralized Applications: Nisha, N. Table 3. Notwithstanding our discussion of and rationale for this decision, future studies should focus on other segments in order to gain a broader knowledge of cryptocurrency acceptance in society. The World Bank defines a non-fiat digital currency as a digital currency that is not backed by any underlying asset, has zero intrinsic value, and does not represent a liability on any institution Natarajan et al. Based on the understanding of cryptocurrencies as an emerging fintech entailing potential risk, the following hypothesis is proposed:. Effort expectancy is defined as the degree of ease associated with the use of a specific technology. Rather than laundering money through an intricate net of financial actors and offshore bank accounts, laundering money through altcoins can be achieved through anonymous transactions. Retrieved 11 January There is also an Ethereum-based ETF pending regulatory review, and many such products are likely to follow. In their study of mobile payment adoption specifically by the base-of the-pyramid BoP segment, i. Lam and Lam demonstrate the important influence of financial knowledge on problems related to online shopping, such as addiction or compulsive shopping behaviors. Van Rooij, M.

Cryptocurrency and its outlook in S. Korea

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Respectively, this applies to social media content as well. The research was conducted in Spain with a sample of college-educated adults with basic knowledge of the Internet. Namespaces Article Talk. Medrano, N. The proof-of-stake is a method of securing a cryptocurrency network and achieving distributed consensus through requesting users to show ownership of a certain amount of currency. Gefen, D. The Swiss regulatory agency FINMA stated that it would take a "balanced approach" to ICO projects and would allow "legitimate innovators to navigate the regulatory landscape and so launch their projects in a way consistent with national laws protecting investors and the integrity of the financial system. Bloomberg, J. MIS Q. The intention to use cryptocurrencies was low. Long Range Plan. Sign In. However, securities regulators in many jurisdictions, including in the U. A Technology Acceptance Model in Spain. Makanyeza and Mutambayashata show that while performance expectancy and effort expectancy positively influence the behavioral intention to adopt plastic money, social influence and facilitating conditions do not significantly affect it. Likewise, Walton and Johnston show that the perceived security risk does not influence attitude toward or the intention to use bitcoin. In addition to the lack of technological know-how, financial literacy can also constrain the development of cryptocurrencies.

These decentralised digital currencies have developed projects to improve energy and electrical distribution, dental healthcare zcash-cli zcl 1.0 guid transaction id monero in cryptocurrency, integration into the vehicle industry for direct transactions into charging stations and many. Blockchains are secure by design and are an example of a distributed computing system with high Byzantine fault tolerance. Bitcoins and Bank Runs: Cryptocurrencies continue to disrupt industries by providing a solution to their limitations. Various government agencies, departments, and courts have classified bitcoin differently. Would JPM Coin simply be a digital currency, rather than a cryptocurrency? Following the recent hard fork that happened with Bitcoin in early Augustwhere the network split into two separate blockchain versions after a majority of miners decided to create a new branch, a new coin called Bitcoin Cash BCH was awarded to every Bitcoin BTC held prior to and through the fork event. June Krause, M. R 2 for the dependent variable and the path coefficients of the explanatory variables. Given that cryptocurrencies are a technological financial product, and based on the above findings regarding the influence of financial literacy on the use of financial products, the following hypothesis is proposed:. Ajzen, I. ACM1—9.

Trading Bitcoin as a CFD/Derivative: Pros and Cons

The spokesperson went on to say: In their study of mobile payment adoption specifically by the base-of the-pyramid BoP segment, i. Taking the first option listed above, which is to buy the underlying, you become the direct holder of the digital asset. Partial least squares structural equation modeling: Blockchain and cryptocurrencies will dramatically transform how we do transactions, just as the Internet revolutionized how we communicate. In , Wei Dai published a description of "b-money", characterized as an anonymous, distributed electronic cash system. E-banking in Colombia: The perceived risk of cryptocurrency transactions is very high; given the current status of the necessary technological development, customers and investors view investing in or operating with these new technological assets as very risky. For ether , transaction fees differ by computational complexity, bandwidth use, and storage needs, while bitcoin transaction fees differ by transaction size and whether the transaction uses SegWit. Retrieved 15 August Compare that to AOL - it was a permissioned network where if you were a publisher, you had to go to the company and seek their permission. Crime 25, — This decision regarding the sample was based on other studies that justify the choice of a highly educated sample as a means of making suring that respondents have a higher level of financial knowledge in order to ensure that the collected data will fit the research purpose Hastings et al. The economic importance of financial literacy: Archived from the original on 4 October

Archived from the original on 17 May nvidia quadro fx 5800 hashrate nvidia tesla cards for mining A study on the factors affecting the intention to use biometrics in payment services. Khan, I. In the U. Retrieved 16 May Archived from the original on 10 October Goodness of fit of the model, direct effects, p -value, correlation with the dependent variable and variance explained by the explanatory variables. Gelman, A. The authors declare that the research was conducted in the absence of any commercial or financial relationships that could be construed as a potential conflict of. Homero Josh Garza, who founded the cryptocurrency startups GAW Miners and ZenMiner inacknowledged in a plea agreement that the companies were part of a pyramid schemeand pleaded guilty to wire fraud in IEEE Access 6, — For example, technological advancement in cryptocurrencies such as bitcoin result in high up-front costs to miners in the form of specialized hardware and software. The Economist. Some Chinese miners have since relocated to Canada.

How to Trade Bitcoin

Cryptocurrencies such as bitcoin are a perfect example of blockchain-based financial innovation, offering inalterable, anonymous, and traceable transactions. Decentralized cryptocurrency is produced by the entire cryptocurrency system collectively, at a rate which is defined when the system is created and which is publicly known. Business and economics portal Cryptography portal Free and open-source software portal Numismatics portal. Analysis of Market Imperfections and Investor Hysterics. Atomic swaps are a mechanism where one cryptocurrency can be exchanged directly for another cryptocurrency, without the need for a trusted third party such as an exchange. The range is very wide and will only grow wider in the coming years. The perceived risk of cryptocurrency transactions is very high; given the current status of the necessary technological development, customers and investors view investing in or operating with these new technological assets as very risky. However, it is not the most influential one, nor is it critical to successful cryptocurrency acceptance compared to performance expectancy and facilitating conditions. However, securities regulators in many jurisdictions, including in the U. The first recommendation concerns the risk related to operating in these markets. Taking the first option listed above, which is to buy the underlying, you become the direct holder of the digital asset. For instance, in the hotel industry, the degree of cleanliness of a high-end hotel has no explanatory power with regard to hotel choice, because customers in general assume that a high-end hotel will be clean. Faqih, K. Chin, W. Raisinghan Information Science Reference , — The underlying technical system upon which decentralized cryptocurrencies are based was created by the group or individual known as Satoshi Nakamoto. Archived from the original on 1 February Therefore, although support was also found for H 2 , this support was less clear.

Retrieved 10 May Quantification of energy and carbon costs for mining cryptocurrencies. Archived from the original on 27 May This could be because most of the respondents considered operating with cryptocurrencies to be risky; the lack of variability in their responses to the questions about perceived risk would explain this lack of explanatory power. Farah et al. The U. The variable with the second highest explanatory power was facilitating conditions. Archived from the original on 27 January Juels, A. Cryptocurrencies Financial technology Decentralization Uberisation Applications of cryptography. History Economics Legal status. The study was also to report on whether regulation should be considered. Bitcoin is pseudonymous rather than anonymous in that the cryptocurrency within a wallet is not tied to people, but rather to one or more specific keys or bitcoin theft news bitcoin silver fork date. As an emerging fintech, cryptocurrencies open up many opportunities, but they also pose significant challenges and limitations. No use, distribution or reproduction digital coin cloud mining pay netflix with bitcoin permitted which does not comply with these terms. Warsame, M. Archived PDF from the original on 18 December Predicting e-services adoption: Performance expectancy is defined as the degree to which a person considers that using a specific technology would be useful to enhance his or her performance.

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Cryptocurrencies creating 'non-uniform' currency in US". Retrieved 25 March Retrieved 10 October Here, users prevent third-parties from handling their money and avoid paying high cross-border transaction charges brought by remittance by trading cryptocurrency pairs. As we will review shortly, the majority of papers document a positive correlation between measures of financial literacy and sound financial behavior in various domains. Blockchains are secure by design and are an example of a distributed computing system with high Byzantine fault tolerance. Based on this finding, sustainability factors could have an implact on cryptocurrencies development. With regard to cryptocurrency adoption, our findings indicate that social influence will not be key. The cloud computing market is massive and many projects are underway to decentralise cloud computing. Figure 1. McCorry Newcastle upon Tyne:

The Japanese platform Line and the Russian platform Yandex have similar prohibitions. In their literature review, Hastings et al. The reason for the present how to setup your own mining pool using mpos how to solo mine scrypt coins is the low variability of the explanatory variable perceived riskwhich does not explain the variability in the intention to use cryptocurrencies. However, securities regulators in many jurisdictions, including in the U. There is a dangerous relationship between blockchain and cryptocurrencies Carson et al. Cryptocurrencies such as bitcoin are a perfect example of blockchain-based financial innovation, offering inalterable, anonymous, and traceable transactions. The decentralized control of each cryptocurrency works through distributed ledger technology, typically a blockchainthat serves as a public financial transaction database. Cryptocurrency used as direct currency fintech cryptocurrency, J. Likewise, Stolper and Walter argue that higher levels of financial knowledge are associated with more saving planning, more saving behavior, more stock market participation, and smarter choices when it comes to the selection of financial products; at the same time, lower levels of financial knowledge are associated with which website still takes bitcoins price analysis litecoin financial decisions, more expensive loans, costly credit card practices, and excessive debt accumulation. Additionally, they find that while performance expectancy and facilitating conditions do not significantly affect the intention to use this technology, facilitating conditions do affect actual use of it. Chamber of Commerce relates to issues unrelated to fintech, for instance, trade and infrastructure. Illegal activities with cryptocurrencies are a fact, especially with bitcoin, the first and most frequently used Turner et al. Consistent PLS bootstrapping with resamples was used to evaluate the relevance of the path coefficients. The kiosk installed in Austin, Texas is similar to bank ATMs but has scanners to read government-issued identification such as a driver's license or a passport to confirm users' identities. First, we will go over the positive sides of owning the underlying digital asset. Archived from the original on 29 December Using the cryptocurrency infrastructure, banks are able to process and track cross-border payments in real-time; payment providers are able to process faster payments; various corporates can connect with financial institutions for more reliable transactions, and exchanges are able to source liquidity for payments. This type of ambiguous classification puts pressure on law enforcement agencies around the world to adapt to the shifting drug trade of dark markets. Decentralized consensus has therefore been achieved with a blockchain. R 2 for the dependent variable and the path coefficients of the explanatory variables. Still, cryptocurrency exchanges are often required by law to collect the personal information of ios ethereum wallet import private key beginners guide to buying bitcoins users.

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In an ICO campaign, a percentage of the cryptocurrency usually in the form of "tokens" is sold to early backers of the project in exchange for legal tender or other cryptocurrencies, often bitcoin or ether. UTAUT models define a direct and positive influence of performance expectancy, social norm, and facilitating conditions on the intention to use a technology. Symmetric-key algorithm Block cipher Stream cipher Public-key cryptography Cryptographic hash function Message authentication code Random numbers Steganography. Mahfuz, M. Retrieved 27 June T Ali, D. However, unique non-fungible tokens also exist. However, it is not the most influential one, nor is it critical to successful cryptocurrency acceptance compared to performance expectancy and facilitating conditions. Their infrastructures also help to resolve the issues plaguing the progression of blockchain development, by enabling communication between different blockchains. Therefore, future cryptocurrencies should seek to solve that problem as a condition for pre-adoption. Consumer acceptance and use of information technology: The validity of each cryptocurrency's coins is provided by a blockchain. Retrieved 22 October

An empirical investigation on the adoption of cryptocurrencies among the people of mainland China. Spanish age distribution pyramid, population over the age of Steenkamp, and M. On the contrary, important differences have been found depending on the type of technology and target segment. Therefore, future cryptocurrencies should seek to solve that problem as a condition for pre-adoption. Dangers of mining ethereum singlurity ethereum ai influence is defined as the degree to which a person perceives that others believe that he or she should use a specific technology. Holub, M. Sign In. Krause, M. Stolper and Walter define financial knowledge as the degree of knowledge a person has about key financial concepts and their capacity to apply that knowledge to their financial decision-making. In their literature review, Hastings et al. Some miners pool resourcessharing their processing power over a network to split the reward hashflare review 2019 how profitable is mining vertcoin on gpu, according to the amount of work they contributed to the probability of finding a block. World Economic Forum Accessed 24 December These altcoins are projects that have been built for decentralized infrastructures. About the author:

Cryptocurrency

Archived from the original on 23 March Since 1070 windforce monero hashrate 1080 ti hashrates taxable income is based upon what a recipient reports to the revenue service, it becomes extremely difficult to account for transactions made using existing cryptocurrencies, a mode of exchange that is complex and difficult to track. For this effort, successful miners obtain new cryptocurrency as a reward. Of the 80 gpu mining rig motherboard gpu mining software that reported lobbying for fintech in the first quarter ofcryptocurrency used as direct currency fintech cryptocurrency than half cited bitcoin and blockchain among their main ongoing concerns, Roll Call writes. The results indicate that performance expectancy and facilitating conditions significantly influence the intention to can i get ip from bitcoin transaction where to buy ripple reddit cryptocurrencies. R 2 for the dependent variable and the path coefficients of the explanatory variables. Archived from the original on 29 September Retrieved 27 January Several studies demonstrate that financial knowledge is a predictive variable of financial behaviors. American University Law Review. Archived from the original on 27 May Table 4. There is also an Ethereum-based ETF pending regulatory review, and many such products are likely to follow. Van Rooij et al. The Swiss regulatory agency FINMA stated that it would take a "balanced approach" to ICO projects and would allow "legitimate innovators to navigate the regulatory landscape and bitcoin mining lease bitcoin for cheap launch their projects in a way consistent with national laws protecting investors and the integrity of the financial. The perceived risk of cryptocurrency transactions is very high; given the current status of the necessary technological development, customers and investors view investing in or operating with these new technological assets as very risky. Moderation effect on mobile microfinance services in Kenya:

Cryptocurrencies have surged in popularity — thanks to the proliferation of financial technology Fintech that has fueled the adoption of non-bank financial products sought by investors, and powered by distributed ledger blockchain technology. Retrieved 11 July A cryptocurrency wallet stores the public and private "keys" or "addresses" which can be used to receive or spend the cryptocurrency. Retrieved 6 November — via Google Books. The proposed model explains Performance expectancy regarding the use of cryptocurrencies positively influences the intention to use them. Still, cryptocurrency exchanges are often required by law to collect the personal information of their users. UTAUT2 with cultural moderators. Support for this argument can be found in other industries. Consumer acceptance and use of information technology: These altcoins are projects that have been built for decentralized infrastructures. For US-based investors, CoinBase is one of the leading exchanges to offer cryptocurrency trading on Bitcoin, and recently integrated with Fidelity Investments so Fidelity clients can see their Coinbase balances from their Fidelity brokerage accounts. Holub, M. This analysis is also recommended when data do not follow a normal distribution or it is uncertain that they do. Previous studies reached the same conclusion:

How to Trade Cryptocurrency

With the private key, it is possible to write in the public ledger, effectively spending the associated cryptocurrency. John mcafee bitcoin tweet bitcoin ceo found dead from the original on 30 October Dijkstra, T. Schatsky, D. In Russia, though cryptocurrencies are legal, it is illegal to actually purchase goods with any currency other than the Russian ruble. Goodness of fit of the model, direct effects, p -value, correlation with the dependent variable and variance explained by the explanatory variables. Cryptocurrencies are an emerging technology in constant evolution. The World Bank defines a non-fiat digital currency as a digital currency that is not backed by any underlying asset, has zero intrinsic value, and does not represent a liability on any institution Natarajan et al. Sustainability Toggle navigation. Zuiderwijk Delft:

IO Steem. This finding is consistent with other studies that have found this variable to be determinant in the intention to use a given financial technology, including a biometric payment service Kim et al. Share to facebook Share to twitter Share to linkedin. Lusardi, A. Pricing policies in hotels: Retrieved 5 March As can be seen, income levels were quite high, which is reasonable given that the sample consisted of college-educated adults, who are more likely to earn higher salaries. We performed an exploratory factor analysis to test the number of dimensions included in each scale. Princeton University Press. Financial Literacy. Greater financial knowledge allows a customer to more accurately evaluate the investment e. The sample consisted of people, over the age of 20, living in Spain and with a university degree and a basic grasp of the Internet.

Although some research has been done on bitcoin, as the most widely used and important cryptocurrency today Holub and Johnson,the literature on cryptocurrencies in general is scarce, mainly due to track ethereum wallet sync bitcoin cash vs bitcoin hash power novelty. This paper analyzes the key factors for the successful development of a cryptocurrency from a consumer-behavior perspective. Since charting taxable income is based upon what a recipient reports to the revenue service, it becomes extremely difficult to account for transactions made using existing cryptocurrencies, a mode of exchange that is complex and difficult to track. Table 1 shows the constructs, items, and theoretical foundations of each one. Replacing the need for any trusted third party, Block cryptocurrency used as direct currency fintech cryptocurrency technology is being used to power and verify cryptocurrency transactions belonging to public addresses that hold bitcoin controlled by private keys used in bitcoin wallets across decentralized networks. Bitcoin Cash Bitcoin Gold. Mora, O. Here, users prevent third-parties from handling their money and avoid paying high cross-border transaction charges brought by remittance by trading cryptocurrency pairs. SAGE Open 6, Additionally, cryptocurrency private keys can be permanently lost from local storage due to malware, data loss or the destruction of the where to withdraw ethereum to bank account coinme bitcoin atm media. Newcastle University: Law Enforcement Is onto You. World Oil. The Swiss regulatory agency FINMA stated that it would take a "balanced approach" to ICO projects and would allow "legitimate innovators to navigate the regulatory landscape and so launch their projects in a way consistent with national laws protecting investors and the integrity of the financial. Impact of organizational culture values on organizational agility. With this aim, we proposed the aforementioned model based on variables accepted by the scientific and academic community with high explanatory power regarding variability in the intention to use new technologies and products. The sample consisted of people, over the age of 20, living in Spain and with a university degree and a basic grasp of the Internet. Based on these findings regarding the acceptance of financial technologies, the following hypotheses are proposed:.

Archived from the original on 10 November Such tokens can serve as assets in games like CryptoKitties. He cautioned that virtual currencies pose a new challenge to central banks' control over the important functions of monetary and exchange rate policy. Clarke, P. Financial Literacy. Prices are contained because nearly all of the country's energy comes from renewable sources, prompting more mining companies to consider opening operations in Iceland. Chin, W. Although some research has been done on bitcoin, as the most widely used and important cryptocurrency today Holub and Johnson, , the literature on cryptocurrencies in general is scarce, mainly due to their novelty. In an acceptance study in China, Shahzad et al. JPM Coin, the first cryptocurrency created by a major U. With the rapidly expanding world of cryptocurrency, comes a whole new library of new terminology…. Archived from the original on 12 September UTAUT models define a direct and positive influence of performance expectancy, social norm, and facilitating conditions on the intention to use a technology. There are also purely technical elements to consider. These cryptocurrency projects have been developed for the use cases of computing, data storage, data security, and cloud services which include file storage and cloud computing. Guardian News and Media Limited.

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Another drawback is that cryptocurrencies are not an easy technology to use; operating with bitcoins is a major challenge for many users Krombholz et al. The high explanatory power of performance expectancy gives rise to the first finding: Venkatesh, V. Gelman, A. With the public key, it is possible for others to send currency to the wallet. Internet Mark. Fast-forward to today, and the market for alternative investments has grown exponentially. Hussain, M. See also: You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. The term altcoin has various similar definitions. IEEE Spectrum. Consequently, in order to survey people likely to have a reasonable understanding of these technologies, we focused on college-educated adults. The U.

Archived from the original on 10 January Warsame and Ireri show that for some consumer segments based on age, gender, and religion performance expectancy and cryptocurrency used as direct currency fintech cryptocurrency expectancy significantly influence the intention to use mobile microfinance services, while for others these factors do not affect acceptance. The Economist. Computing Science, Figure 1. Cryptocurrencies Financial technology Decentralization Uberisation Applications of cryptography. Finally, this research has some limitations. An enormous amount of energy goes into proof-of-work cryptocurrency mining, although cryptocurrency proponents claim it is important to compare it to the consumption of the traditional financial. Support for this argument can be found in other industries. Archived from the original on 19 January Based on the understanding of cryptocurrencies as an emerging fintech entailing potential risk, the android bitcoin miner apk coinbase australia charges hypothesis is proposed:. The Swiss regulatory agency FINMA stated that it would take a "balanced approach" to ICO projects and would allow "legitimate innovators to navigate the regulatory landscape and so launch their projects in a way consistent bitcoin arbitrage step by step quartz bitcoin mining national laws protecting investors and the integrity of the financial. Holub, M. All Rights Reserved. Cryptocurrencies have surged in popularity — thanks to the proliferation of financial technology Fintech that has fueled the adoption of non-bank financial products sought by investors, and powered by distributed ledger blockchain technology. A currency system based on a reusable proof of work was later created by Hal Finney who followed the work of Dai and Szabo.

Deloitte Venkatesh, V. It covers studies of cryptocurrencies and related technologies, and is published by the University of Pittsburgh. Hair, J. Still, cryptocurrency exchanges are often required by law to collect the personal information of their users. Perceived risk and financial literacy were also added, as variables specifically used in the analysis of fintech what wallet supports bitcoin cash total amount of ethereum. Category Portal WikiProject. The applications are frankly quite endless; anything where you have a distributed ledger which involves bitmain s7 super bitmain sale washington or institutions can use. Social influence is defined as the degree to which a person perceives that others believe that he or she should use a specific technology. Archived from the original on 29 December Figure 3. Steven previously served as an Editor for Finance Magnates, where he authored over 1, published articles about the online finance industry.

An Introduction to Theory and Research. Times of Israel. The blockchain provides an opportunity to change this dynamic. Bitcoin transactions?: The internet is open, so anybody who wants to create a blog, website, or consumer service can connect a server to the network without asking permission from anybody. Retrieved 10 October Due to the online nature of the survey, the sample is limited to people with a basic command of the Internet. For example, SALT is a smart contract-lending platform which uses cryptocurrency-backed collateral. How relevant are risk perceptions, effort, and performance expectancy in mobile banking adoption? Hutchison — Some firms have fallen victim to theft by hackers who have stolen Bitcoin belonging to clients whose money was held at the exchanges. World Oil.

As we will review shortly, the majority of papers document a positive correlation between measures of financial literacy and sound financial behavior in various domains. Social influence is defined as the degree to which a person perceives that others believe that he or she should use a specific technology. Performance expectancy regarding the use of cryptocurrencies positively influences the intention to use them. Facilitating conditions for the use of cryptocurrencies positively influences the intention to use them. A cryptocurrency or crypto currency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. Do digital currency simply act as a secure medium for cryptocurrency exchange? CrossRef Full Text. The term altcoin has various similar definitions.