JSU Cryptocurrency Technology in E-Commerce

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CUO25

Writing

Introduction to Ecommerce

Jacksonville State University

Description

Cryptography is defined to as the process of securing communication between two or more individuals who are transacting in an insecure environment. Cryptocurrencies use the decentralized control to facilitate the transaction between one person to another. This type of control ensures that each cryptocurrency uses a blockchain - a free exchange database -, which functions as a disseminated ledger (Graydon, 2017). Bitcoin was the first decentralized cryptocurrency to be created in 2009. This form of digital currency works by using encryption methods to control the creation of units of money and validating the exchange of funds. Moreover, it functions independently from the central bank.

Write about the two major issues below:

  • First, explain the cryptocurrency technology in general.
  • Second, discuss the potential benefits and risks using cryptocurrency technology in e-commerce.
  • There are no specific requirements for page limit. Write as much as is needed and no more (no fluff). However, if you have under 4 pages (not including cover page and references), you probably have written too little, and if you have more than 8 pages, you should review your paper and remove any “fluff.”

  • Use 12-point font, double-spaced.
  • Number your pages in the footer.
  • Have a running header with your name and the words “IME 375 Research Paper 2”.
  • Include the following labeled sections:
  • o Coverpagewiththetitleofthepaper,thesemesterandyearofthecourse,thecoursename,andyour name.

    o SeparatereferencepageattheendofthepaperwithallsourcesinAPAStylereferenceformat.

    o Have an Introduction and a Conclusion parts. Use sub-headings as appropriate in the body of the paper.

  • Use APA style in-text citations as needed. Refer to online sources to learn when to use in-text citations. All
  • sources must be cited in the references.

  • In preparing this paper, you will need to search various library databases.
  • o ToaccessJSUelectronicresourcesfromremote/off-campuscomputers,readtheJSUlibraryinformation (http://www.jsu.edu/library/resources/remote_access_help.html).

    o (On-campusonly)Goto"ACMDigitalLibrary”database, (http://dl.acm.org/advsearch.cfm?coll=DL&dl=ACM), which is a great starting point to find popular topics.

    o Youmayusethetextbookasacitedsourceifyouwant.

  • You must use at least five reputable sources as well. Wikipedia is not a reputable source. If you have a question
  • about whether a source is reputable or not, please contact the instructor.

  • Submit to the appropriate assignment to Blackboard. The paper must be in Word format (.doc or .docx only).
  • Any form of plagiarism or other cheating will result in a zero grade.
  • Unformatted Attachment Preview

    IME 375-002 / SP 2019 M4 Research Paper 2 Due Date: 4/17 (Wednesday) M4 Research Paper 2 IME 375 Spring 2019 Topic Research and write a paper that addresses the following: Cryptography is defined to as the process of securing communication between two or more individuals who are transacting in an insecure environment. Cryptocurrencies use the decentralized control to facilitate the transaction between one person to another. This type of control ensures that each cryptocurrency uses a blockchain - a free exchange database -, which functions as a disseminated ledger (Graydon, 2017). Bitcoin was the first decentralized cryptocurrency to be created in 2009. This form of digital currency works by using encryption methods to control the creation of units of money and validating the exchange of funds. Moreover, it functions independently from the central bank. Write about the two major issues below: First, explain the cryptocurrency technology in general. Second, discuss the potential benefits and risks using cryptocurrency technology in e-commerce. . o o Instructions There are no specific requirements for page limit. Write as much as is needed and no more (no fluff). However, if you have under 4 pages (not including cover page and references), you probably have written too little, and if you have more than 8 pages, you should review your paper and remove any “fluff.” Use 12-point font, double-spaced. Number your pages in the footer. Have a running header with your name and the words “IME 375 Research Paper 2”. Include the following labeled sections: o Cover page with the title of the paper, the semester and year of the course, the course name, and your name. Separate reference page at the end of the paper with all sources in APA Style reference format. Have an Introduction and a Conclusion parts. Use sub-headings as appropriate in the body of the paper. Use APA style in-text citations as needed. Refer to online sources to learn when to use in-text citations. All sources must be cited in the references. In preparing this paper, you will need to search various library databases. To access JSU electronic resources from remote/off-campus computers, read the JSU library information (http://www.jsu.edu/library/resources/remote access help.html). (On-campus only) Go to "ACM Digital Library" database, (http://dl.acm.org/advsearch.cfm?coll=DL&dl=ACM), which is a great starting point to find popular topics. You may use the textbook as a cited source if you want. You must use at least five reputable sources as well. Wikipedia is not a reputable source. If you have a question about whether a source is reputable or not, please contact the instructor. Submit to the appropria assignment to Blackboard. The paper must be in Word format (.doc or .docx only). Any form of plagiarism or other cheating will result in a zero grade. O O O
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    Explanation & Answer

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    Running head: CRYPTOCURRENCY AND ECOMMERCE

    Cryptocurrency and Ecommerce
    Name
    Course
    Professor
    Date

    1

    CRYPTOCURRENCY AND ECOMMERCE

    2

    Cryptocurrency and Ecommerce
    Introduction
    Cryptocurrency points to a virtual or digital technology that uses cryptography for
    security. Moreover, e commerce presents a perfect starting point through which analysis and
    implementation may come. Since technology comes with the mentioned security feature, it is
    difficult to obtain a counterfeit of the virtual product at any moment. Also, they may get defined
    as online systems that allow for safe transfer and payment of services using the internet.
    Additionally, various encryption algorithms like hashing functions get deployed in achieving
    cryptocurrency goals and operations. The blockchain technology is widely used as a form of
    decentralization mechanism to access current crypto operations across all networks for that
    matter. It comes with an organic allure thus not issued by any central authority and free from
    government manipulation and interference like other currencies in the market.
    The very first cryptocurrency was the bitcoin. It came to existence around 2009. To date,
    it serves as the most popular and the most valuable in guaranteeing the best outcome when
    dealing with this kind of technology. As we speak, many companies have devised approaches
    and strategies to imitate the bitcoin or instead come up with a new allure in this business angle at
    any given level. Several issues accompany the implementation and development of the virtual
    currency application. An example points to the few regulatory frameworks that accompany its
    operation. Then, there is the aspect of the pros and cons of developing such an app. The benefits
    highly depend on its security features while the drawbacks point to the lapses in its security.
    Notably, the following analysis seeks to evaluate the pros and cons of cryptocurrency
    development and also bri...


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