FIN20016 Business Report on Cryptocurrencies - Ethics and International Finance

Business Report on Cryptocurrencies (15 marks)

You have been tasked by your finance manager to provide a report to the finance team on cryptocurrencies. They would like to understand cryptocurrencies, their importance and the role they play in the world.

In your answer make sure you explain the concept of the blockchain. In preparing your report, choose a cryptocurrency and describe its functions. Start by reading their white paper. For example, you can choose coins such as Ethereum, Vertcoin, Tron, Bitcoincash, etc.

If you choose Bitcoin, please make sure you describe and explain what the Lightning Network is. Your report should be written for a general audience. Avoid jargon and over-technical language. If you use technical language, make sure you explain concepts and provide definitions.

You will be able to find information on each of these currencies on sites such as:

• Cryptocurrency Market Capitalizations (Coinmarketcap): https://coinmarketcap.com/
• World Coin Index (Worldcoinindex): https://www.worldcoinindex.com/