based on cost charts. Also, the unpredictability of these cost non-uniformity might require a dealer to do changes on their exchanging strategy from time to time. This implies you may have to be put more exertion and time into observing markets.By distant the greatest issue within the cryptocurrency market is the intemperate volatility. The costs of cryptocurrencies on trade stages rise and drop significantly over a brief period of time. When a tradable resource can drop by as much as 49 percent in less than 24 hours, at that point the volatility of the market is high.Price manipulation is the biggest cause of instability in cryptocurrency markets and in spite of the fact that it isn't essentially a issue for experienced dealers, unused ones continuously appear to be on the off-base end of manipulation.A 2014 think about by the World Bank found as few as 49% of Latin American grown-ups had a bank account, to a great extent due to the complex bureaucratic process and costs included. But what the larger part do have is get to to a smartphone or computer meaning it’s less demanding for them to oversee certain financial exchanges through Bitcoin than a bank.
The issues related to the security of the currency are the center of the talk.Countries vary in their capacity to advantage from blockchain. The need of political inspiration has acted as a barrier in others.
POSITION OF HONDURAS IN CRYPTOCURRENCY EMERGENCE
In Honduras, cryptocurrency is still a controversial issue and there is no cryptocurrency regulation in place yet and have either not taken any public stance on cryptocurrencies or have yet to legally recognize cryptocurrencies. Honduras rank on Transparency International’s Corruption Perception Index was 112th place. Corrupt lawmakers and bureaucrats are likely to resist blockchain since it enhances transparency and accountability. As the result, The Honduran government arrange to transfer land registry onto a blockchainenforced digital database was detailed to face political roadblocks. Moreover, Honduras policy is not regulated cryptocurrency as legal tender or legal medium of change but some whatsryptocurrency is usually called as a virtual assets and none of the government responsible for the individual or mass loss. There are no personal restrictions against cryptocurrency use. Apart from that, it feels that cryptocurrency regulations are merely symbolic legislation at best since there’s no way of fully monitoring cryptocurrency transactions, especially privacy coins, due to their encrypted nature. Although the Honduras government has never issued a policy regarding cryptocurrency, Factom, a blockchain protocol, had received a letter of intent from the Honduran government to begin recording land title records for La Ceiba, the fourth largest city
plays an important role in neutralizing the energy market. Besides that, without Bitcoin mining, this excess of electricity is otherwise wasted.
PROPOSED SOLUTIONS
Bitcoin is still the foremost vital cryptocurrency individuals know approximately, and it serves as the entry point of the crypto space. However, every innovative project has got to pay its cost. For Bitcoin, it is its tall carbon impression made by mining.
1. Blockchain can help achieve transparency in various settings.
In mid-2016, Ant Financial, Alibaba’s online payments affiliate, announced the launch of blockchain technology for payments. Blockchain was to begin with applied to Alipay’s donation stage. Donors on its ‘Ant Love’ charity stage can track exchange histories, and get it where their reserves go and how they are utilized. The objective is to extend straightforwardness and give a believe instrument by recording each installment and investing of gifts on the blockchain.
2. Build more energy-efficient blockchains
In short, energy-efficient means that we can send and finalize more transactions with the same energy usage or less.Use more energy-efficient hardware for mining. Differences can be found between older and newer GPUs that are being used for mining.
BIBLIOGRAPHY
“Regulation of Cryptocurrency in Honduras” The Library of Congress. Global Legal Research Directorate Staff, June 2018.https://www.loc.gov/law/help/cryptocurrency/world- survey.php#honduras
Kshetri, Nir (2017) “Will blockchain emerge as a tool to break the poverty chain in the Global South?” Taylor & Francis. Accessed on October 22, retrieved from https://libres.uncg.edu/ir/uncg/f/N_Kshetri_Will_2017.pdf
“Legal stances towards cryptocurrency around the world” Finder.com.au. Accessed on Octover 22, retrieved from https://www.finder.com.au/global-cryptocurrency-regulations#country
Kariuki, David (2018), “Major Problems in Cryptocurrency Trading”. Crypto Morrow.
Retrieved from https://www.cryptomorrow.com/2018/07/16/6-major-problems-in- cryptocurrency-trading-and-how-to-overcome-them/
Sharma, Toshendra “The Biggest Cryptocurrency in The World”. Blockchain Councils.
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Jun, MyungSan (2018) “Blockchain government - a next form ofinfrastructure for the twenty- first century” Journal of Open Innovation: Technology, Market, and Complexity. Retrieved from https://d-nb.info/1166532976/34
Larson, Janelle B. Montaner “An Economic Analysis Of Land Titling In Honduras” University of Oxford, Hilary Term, 1995, International Development Centre. Retrieved from https://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.1011.4075&rep=rep1&type=pdf