Version 1
: Received: 5 April 2023 / Approved: 6 April 2023 / Online: 6 April 2023 (13:45:45 CEST)
How to cite:
Radanliev, P. The Metaverse: Economic and Social Values and Risks of New Cryptocurrencies and Blockchain Technologies. Preprints2023, 2023040100. https://doi.org/10.20944/preprints202304.0100.v1
Radanliev, P. The Metaverse: Economic and Social Values and Risks of New Cryptocurrencies and Blockchain Technologies. Preprints 2023, 2023040100. https://doi.org/10.20944/preprints202304.0100.v1
Radanliev, P. The Metaverse: Economic and Social Values and Risks of New Cryptocurrencies and Blockchain Technologies. Preprints2023, 2023040100. https://doi.org/10.20944/preprints202304.0100.v1
APA Style
Radanliev, P. (2023). The Metaverse: Economic and Social Values and Risks of New Cryptocurrencies and Blockchain Technologies. Preprints. https://doi.org/10.20944/preprints202304.0100.v1
Chicago/Turabian Style
Radanliev, P. 2023 "The Metaverse: Economic and Social Values and Risks of New Cryptocurrencies and Blockchain Technologies" Preprints. https://doi.org/10.20944/preprints202304.0100.v1
Abstract
The aim of the article is to present a snapshot in time, of the current state in cryptocurrencies, the values and risks associated to blockchains. With emergence of over 20,000 crypto projects, the first objective of this article is to present the stage as it is in 2023, with historical overview since Satoshi presented the first paper on decentralised blockchains, until today. Second objective of the article is to review the values and risks associated to cryptocurrencies, and to clarify the differences between cryptocurrencies from blockchain technologies. The research questions that drive this article are related determining if the blockchain technology an innovation or its already obsolete technology? Are there any significant risks from cryptocurrencies? And are the potential values to society and economy worth pursuing? Would developed or developing countries benefit more from these technologies? And which blockchain projects will survive in the long run? In other words, where is the money and is there money or just hype. The review discusses the high probability that some crypto projects will fail, and given the vast number of cryptos, the article acknowledges that many of these projects are nothing more than ponzies. These are discussed and acknowledged, then the focus is shifted to the real-world use cases of blockchain projects.
Keywords
Blockchain Technologies; Cryptocurrencies; Risk; Value
Subject
Computer Science and Mathematics, Security Systems
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
