Digital Economy Lesson 31- Altcoin Recap
1. Altcoins like Solana and Cardano balance the Blockchain challenge of achieving scalability, security and decentralization simultaneously by providing efficient processing of transactions per second.
2. Altcoins like Monero navigate evolving landscapes of global financial regulations aimed at money laundering and terrorism financing by using stealth addresses to obscure the transaction detail. By making it untraceable it makes it difficult for terrorism. The increased security for Monero makes it ore difficult to bypass for money laundering.
3. Challenges Altcoins that focus on energy efficient face challenges with adoption and network effect by having difficulties getting individuals to purchase them due to the speed or safety in comparison to more established cryptocurrencies like bitcoin.
