Both kinds of currencies will evolve

Cryptos will develop frameworks for increased privacy, and checks could generate reduced intrusions into uses of conventional money

Cryptocurrencies are coming together as alternative forms of money, as ways to get transactions done, representing a different set of tradeoffs compared with the traditional forms of money or gold. Today’s cryptocurrencies have flaws, but they are an early-stage release, and the scientists will make them better in time. The makers of traditional money should look at the feature set of cryptocurrencies and consider improving their offerings. These developments have implications for individuals, firms and governments.

The consideration of a transaction can be transmitted in many different ways. The world has seen gold, currencies backed by gold, and currencies backed by