Introduction - Definition of Cryptocurrency - Overview of Common Terminology and Acronyms

Cryptocurrency is a type of digital asset created to be used as a medium of exchange. Its decentralized nature and reliance on cryptography makes it resistant to fraud, manipulation, and censorship. By solving complex mathematical equations and verifying digital transactions, miners are rewarded in cryptocurrency for their work. Developing countries have been at the forefront of cryptocurrency adoption due to the benefits it can provide. Cryptocurrency allows users in developing countries to participate in the global economy with low transaction fees, remittances, and other financial services which would otherwise be unavailable or expensive. Additionally, cryptocurrency functions as a collateral for both microfinance and investment, allowing vulnerable populations to access capital that was once hard to find. Lastly, cryptocurrency is hard to trace, making it easier for those living in oppressively governed countries to buy and sell goods and services without fear of persecution. These benefits are just a few of the reasons why developing countries are increasingly embracing cryptocurrencies.

Impact on Economy - Employment Opportunities - Lower Transaction Fees - Growth in Investment

The impact of digital technology on the economy is immense. In terms of employment opportunities, there has been an exponential increase in people employed in the IT and digital sectors. Jobs such as data scientists, software engineers, and UX/UI designers have all seen a significant growth in recent years as companies look to leverage new technologies to become more competitive. Furthermore, digital technology has also resulted in lower transaction fees for businesses and customers alike. Third-party payment processing tools like PayPal, Stripe, and Square have all drastically reduced the time and effort required to make secure, low-fee payments both online and offline.

In addition, digital technology has enabled businesses to access untapped markets and attract new investments with relative ease. Online platforms such as Kickstarter, Indiegogo, and AngelList have allowed investors from around the world to support projects by committing capital without having to go through complex legal processes. This growth in investment has enabled startups and small businesses to expand their reach and get capital faster, which has further accelerated the rate of economic growth. In summary, digital technology has had a major effect on our economy and will continue to do so into the foreseeable future.

Exchange Rates and Financial Inclusion - Changes in Social Structure - Privacy, Security and Trust - Uprising of Entrepreneurial Ventures - Effects on Poverty and Education

Exchange rates, financial inclusion and social structure are topics that have seen immense changes in the past few decades. In our digital age, privacy and security have taken on a whole new level of importance. People are increasingly wary of their data being exposed and place greater trust in businesses that can promise a secure platform for their transactions. As a result, entrepreneurial ventures have begun to rise as more people seek ways to make money from these advancements.

The effects of these changes translate into much larger societal issues. Poverty and education have been heavily impacted by the access to technology that these new businesses bring. Connectivity opens up opportunities which weren't previously available, providing an increased chance for those who otherwise would not have had it. This newfound availability of resources can be used to tackle educational inequality and bridge the gap between the rich and the poor.

All of these changes point towards a future where financial inclusion is no longer something to strive for but actively embraced. Technology has enabled us to open our eyes and see what was previously hidden - and how we can use this knowledge to better ourselves and the world around us.