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Lowing the transaction costs of of the Bitcoin blockchain requires.
Lowing the transaction costs of of the Bitcoin blockchain requires.
Potential for Economic Growth and Innovation Cryptocurrencies have the potential to spur economic growth and foster innovation in developing countries. The blockchains behind cryptocurrencies have created better trust with users through their ability to fight corruption, as it is based on a distributed digital ledger where every transaction is recorded and cannot be modified. It does not protect against any financial loss, risk or fraud. For example, monetary authorities could provide a central bank digital currency or a fast retail payment system, though measures will depend on national capacities and needs.