The Potential Cryptocurrency Acceptance with Fractal Chaos Analysis
Keywords:
cryptocurrency, fractal chaos oscillator, fiat moneyAbstract
In the last decade, the financial industry has transformed towards a digital economy. These developments trigger us to redefine the form of money used, especially since the introduction of Bitcoin using Blockchain technology in 2008. Blockchain technology was further developed into various cryptocurrencies, such as Bitcoin, Ethereum, USD Theter, and USD Coin. Cryptocurrencies carry financial decentralization which is contrary to the current financial system. The issue of accepting cryptocurrencies into legal currency continues. We will discuss this issue using the Fractal Chaos parameter to measure the characteristics of cryptocurrencies that can be proposed to replace fiat money that has been used so far.
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