Crypto Currency Is a Future Monetary
Main universities in Belarus started the crypto syllabus, ICO and its derivatives after the country legalized cryptocurrency to boost the digital economy. Belarusian National Technical University (BNTU) in Minsk announced it has opened programs on future currencies such as bitcoin and others.
President of Belarus Alexander Lukashenko has attended the enactment of the law "On the Development of Digital Economy" to legalize cryptocurrencies, ICO, and futures contracts. As reported by Tinuku.com the decision as part of the state preparedness effort to towards the future era.
The government even launched a policy of tax incentives to startups who held ICO and participating investors. ICO is an initial coin offering that is a futuristic fund raising method through token sales as an alternative to traditional methods through an initial public offering (IPO).
The Monetary Revolution
The public views the decision as a good move for the state to co-opt the future and adapt to the rapidly changing times of the world, especially in technology and monetary. But some say the government's decision is actually a step too late.
Cryptocurrency uses blockchain technology that enhances accountability, openness and efficiency in the overall economic system. The use of traditional currency today is very centralistic, full of fraud and very expensive cost which of course must be borne by the community.
Japan and the United States are the first countries to legalize cryptocurrency. The two largest exchanges in the world, the Chicago Mercantile Exchange (CME) and Chicago Board Options Exchange (CEBOE) have launched bitcoin futures contracts. Nasdaq also has plans to launch bitcoin products.
After the announcement by Lukashenko, Belarusian National Technical University (BNTU) announced a diploma program in the field of crypto. BNTU was founded in 1920 as a major technical university in Belarus, alumni including former Belarusian prime minister Vyacheslav Kebich and Gennady Novitsky.
BNTU said the crypto syllabus for diploma students includes 'cryptocurrency operations', 'future cryptocurrency', 'blockchain technology', 'ICO as the successor of IPO' and others. The 2-year program starts on March 12 next year.
Free Fraud
Bitcoin as a crypto currency is a virtual currency developed in 2009 by someone under the pseudonym of Satoshi Nakamoto. These currencies are like dollars or dollars, but run using blockchain technology in software or software.
To date there have been many crypto currencies, of which the largest portions are Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ethereum (ETH), Zcash (ZEC), Dash, Ripple (XRP) and Monero (XMR) . Bitcoin is the oldest currency and certainly has the largest market capitalization in the world for now.
Decentralized crypto currencies are not centralized under the control of the 'central bank regime' so that it is theoretically impossible for fraud to occur due to human error or policy misconduct. Also, since it is not under the control of the local central bank then this currency has a market capitalization equal to the world's GDP and it is impossible to bubble.
Another innovation is efficiency. Virtual currency allows users not to pay any fare for any transfers that traditional banks have been taking. Users also no longer need banks, physical money, account books, credit-debit cards and any outdated technology.
Hoax About Cryptocurrency
Many oppose the existence of cryptocurrency, especially central banks and traditional banks because they will lose authority. The crypto currency does not require paper and coins to transact and does not require the bank to use. Their fears are very reasonable given the existence of banks increasingly irrelevant.
On the other side, economists who are opposed to more 'self-knowledge' where they really do not know anything about cryptocurrency, about blockchain, software, computer technology, algorithmic equations, crypto market capitalization. In fact they may also never have bitcoin.
One of the reasons the hunters are money laundry, but everyone knows that all currencies can be used for criminal activity. The virtual currency can also be used for money laundering, but the rupiah and the dollar are much more likely to do that because it is more difficult to trace than the blockchain method.
Below are some good sites for you not to be outdated and immediately start studying, researching and using cryptocurrency. Happy Researching!
Crypto market capitalization: Coinmarketcap
Real-time bitcoin price graph: Bitcoin Ticker
Weekly trading volume: Coin Dance
Data on ICO: ICOdata
Blockchain Technology: Blockchain Indonesia
Bitcoin: Bitcoin Indonesia