What happens when a currency is pegged to another?
I want to understand the implications and effects that occur when one currency is pegged or fixed to another currency. What are the economic consequences of such a pegging system?
Why is my PayPal in another currency?
I logged into my PayPal account and noticed that the currency displayed was not what I expected. It's showing a different currency than what I usually use. Why is this happening?
Will bitcoin be replaced by another currency?
With the ever-evolving landscape of cryptocurrency, the question arises: Will Bitcoin, the pioneering digital asset, be supplanted by a rival currency? While Bitcoin's first-mover advantage and established market position are significant, new contenders continue to emerge, promising faster transactions, lower fees, or enhanced scalability. The rise of decentralized finance and the advent of smart contracts have opened the door to a plethora of alternative cryptocurrencies, each with their unique value proposition. However, Bitcoin's resilience and the strength of its network effect cannot be underestimated. As the debate continues, investors and enthusiasts alike are left to ponder: Will Bitcoin retain its throne as the king of crypto, or will it be usurped by a challenger seeking to rewrite the narrative?