Cryptocurrency as the currency of the future: a case study among Algebra University College students

Abstract

The cryptocurrencies were designed to be a medium of exchange. The blockchain technology on which cryptocurrencies are based on offers many possibilities for computer science and all future businesses. For the past decade experts as well as laypeople have been experiencing cryptocurrencies in extremes. They either have a very positive attitude or a very negative attitude towards them. Experts who have very positive attitudes towards them believe that cryptocurrencies create new ways of conducting business and new ways of trust relationships are managed. Experts who have very negative attitudes towards them often emphasize the fact that they are often linked to negative connotations such as being a tool for criminal activities or skipping social responsibilities such as tax avoidance and corruption. They also emphasize the fact that it is a new, unexplored technology and an unstable market. The purpose of research conducted among students of Algebra University College was to explore their opinions and ways of using blockchain technologies in the present and their attitudes toward using cryptocurrencies in the future.