Question

In: Accounting

Please answer all three questions with a total of 1,000 words and no plagarism! 1. What...

Please answer all three questions with a total of 1,000 words and no plagarism!

1. What is a good working definition of blockchain and cryptocurrencies?

2. How could these technologies drive change in the accounting and finance fields?

3. What are some of the obstacles facing firms trying to implement blockchain solutions?

Expert Solution

1 )

Block Chain :- A system in which a record of transactions made in Bitcoin or another Cryptocurrency are maintained across several computers that are linked ina peer to peer network .

Crypro currency :- It is a digital Currency in which encryption techniques are used to regulate the generation of units of currency and verify the TrasfTra of Funds , Operating independently of a Central Bank.

2)

1. Changes in value and quantity of crypto currency is taxed to be capital gains or losses..

2.Obtaini larger quantities of bitcoin , either through mining or buying it , will result in an increase in Capital , making it subject to capital gains tax..

3. Although Block chain technology was created to serve as the backbone for bitcoin crypto currency , it has applications across broad cross of industry ..

4. The advantages that blockchain offer to accounts are Imporved efficiency , Reduced errors , Reduce cost , Easier reconciliation , reduced frauds , Reduced Auditing...

__________

3)

Some of the Obstacles for firms Trying to implement blockchain are

1. 51% Attack :- It implies that if more than half of the mining hashrate i , e computing power of a bloackchain is controlled by a malicious party , they get to choose what transaction s go through .

2. Smart Contracts :- Smart Contracts are programmes that Distribute transaction according to a pre determined set of rules. thy allow for a capital or data to be distributed across parties in a manner hat none of them can renege on.

Some of the other Obstacles are ,

Secure Data storage

Legacy Infrastructure

Adoption

Credibility

Scaling limitations

Throughput speed

Legal complexities

Illegal Content .

ekkarill92 answered 9 months ago

In 1,000 words please answer these questions What is the difference between illness and disease? In...

In 1,000 words please answer these questions What is the difference between illness and disease? In addition, what is the difference between westernized vs non westernized medicine? What are your views on these two types of medicine? Which do you prefer? Do you tend to depend on westernized medicine or does your culture use alternative medicine? Should we consider non westernized medicine when discussing treatment with our patients?

PLEASE ANSWER ALL OF THESE QUESTIONS↓ ---------------------------------------------------------------------------- 1. In an essay of at least three paragraphs,...

PLEASE ANSWER ALL OF THESE QUESTIONS↓ ---------------------------------------------------------------------------- 1. In an essay of at least three paragraphs, describe the collective bargaining process that union and company representatives use to negotiate contracts as well as the goals that the union representatives bring to the bargaining table. Discuss in your essay the pros and cons of labor strikes as well as the methods that are sometimes used to reach settlements and avoid a strike. ---------------------------------------------------------------------------- 2. In an essay of at least four...

Please answer the following questions in 250+ words total and number the questions (aim for about...

Please answer the following questions in 250+ words total and number the questions (aim for about a paragraph per question). 1. Define compensating differential and give original examples (not already included in the book or power points) of different jobs that earn higher wages and some that earn lower wages because of compensating differentials. 2. Go to the Education Pays (Links to an external site.) page on the Bureau of Labor Statistics website. Compare and contrast the different levels of...

PRODUCTION HOMEWORK QUESTIONS PLEASE ANSWER ALL QUESTIONS AND PARTS! 1.What is the marginal product of labor...

PRODUCTION HOMEWORK QUESTIONS PLEASE ANSWER ALL QUESTIONS AND PARTS! 1.What is the marginal product of labor (MP or MPP)? Why is the curve shaped the way it is? 2.Explain and describe each of the four production relationships. 3.Indicate whether each of the following are long-run or short-run choices. Explain why. A law partnership signs a 5 year lease for an office complex. A jeans company asks its assembly-line workers to work an extra shift this week. A local oil refinery plans a...

Please answer these questions in your own words as best as you can. PART 1 1.What...

Please answer these questions in your own words as best as you can. PART 1 1.What is cultural broking? 2.Who are cultural brokers, and how do they impact patient/ provider services? 3.How are you practicing cultural broking? 4.In what ways can you improve your service to patients? PART 2 1. How can we be better cultural brokers as health care providers? 2. Give me two examples of ways you can impact patient/provider services.

PLEASE ANSWER ALL QUESTIONS ! 1) What is your understanding of finance in organizations? What exposure...

PLEASE ANSWER ALL QUESTIONS ! 1) What is your understanding of finance in organizations? What exposure or experience do you have with finance? 2) What are the basic financial statements utilized in organizations? 3) All businesses in the United States (U.S.) fall under a particular business structure. What are some common forms of business structures within the U.S.?

Part II: Follow-up Questions In 150-250 words (for all 4 questions), please answer the following questions:...

Part II: Follow-up Questions In 150-250 words (for all 4 questions), please answer the following questions: • At what age-range do we see the most dramatic changes occurring? • Choose (and explain how) at least two factors that might exacerbate the physical changes. Examples: Excessive sun exposure • What can be done to offset some of these physical changes (cho0se one change above and include both preventive and accommodating ideas). Example: You might explain the impact of proper nutrition •...

Directions for written assignment (about 150 words). Please answer these questions: 1. What are two of...

Directions for written assignment (about 150 words). Please answer these questions: 1. What are two of the visible impacts of the human response to the COVID-19 pandemic on the environment? 2. What are three of the "ten lessons the coronavirus has taught us about the planet"? Refer to the article: Degnarain 2020: Ten Lessons The Coronavirus Has Taught Us About The Planet 3. Which of these three do you think is the most important? Explain your reasoning.

I need an answer to all three questions, please. Q1: Which of the following was not...

I need an answer to all three questions, please. Q1: Which of the following was not a policy response to the Economic crisis associated with the COVID-19 Crisis? Select one: a. The Fed lowered the policy rate by roughly 1.5 percentage points to nearly zero. b. The U.S. Congress passed a roughly $3 Trillion economic stimulus package. c. The Commonwealth of Massachusetts relaxed the balanced budget rule in the State Constitution. d. The Fed introduced facilities to keep markets liquid...

CAN YOU PLEASE ANSWER ALL QUESTIONS AND PLEASE ANSWER AS SOON AS POSSIBLE 1. The processing,...

CAN YOU PLEASE ANSWER ALL QUESTIONS AND PLEASE ANSWER AS SOON AS POSSIBLE 1. The processing, where different kinds of information are processed in different brain structures, is called: a. Stream segregation b. Serial processing c. Distributed processing d. Parallel processing 2. In vision, what does dark adaptation mean? a. Decrease in color discrimination that occurs after a period in the dark b. The increased sensitivity of the eye that occurs when being in the dark for a long time...