Cryptocurrency Brings New Battles into the Currency Market

Abstract

In this paper, we concern ourselves with cryptocurrency and how cryptocurrency affects the cryptocurrency market as well as the fiat currency market. The whole topic will be sepreted into two sections: competition among different currencies, as well as competition among exchanges[2]. We aim at figuring out the current circumstance of cryptocurrency which as a casual visitor in the market, and additionaly we will also look at the prospect of cryptocurrency and the currency market. Cryptocurrency with many new features has an uneasy development after entering into the financial market, although it is not yet powerful to compete with fiat currency, the effects of cryptocurrency and cryptocurrency exchange in financial market will still be full of meaning.