Behzad Mehrpour Sheijani
ABSTRACT
This paper discusses the advent of a new currency platform HBAR based on Hedera network. The superiority of this new platform is compared with the existing Bitcoin and Ethereum platforms. Significant differences in terms of security, cost and operational efficiencies are highlighted. Currency valuations based on the prevailing US Dollar is discussed which benefits from the current regimes of multiple monetary systems and practices. The transition to a unified global currency is expounded with the transition to a digital currency which will eliminate the consideration for currency devaluations and accompanying variations in foreign exchange rates given that the digital currency will be based on a steady state thus eliminating the need for future value considerations.
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Index Terms
- Transitioning to a Unified Global Currency
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