CHALLENGES AND OPPORTUNITIES FOR THE ADOPTION OF CRYPTOCURRENCIES IN THE FINANCIAL MARKET OF UZBEKISTAN

Аннотация

Cryptocurrencies have gained immense popularity worldwide and are considered as a potential alternative to traditional currencies due to their decentralized nature and the ability to enable fast and secure transactions. "Crypto" refers to the various encryption algorithms and cryptographic techniques that safeguard these entries, such as elliptical curve encryption, public-private key pairs, and hashing functions. In other words, it is a digital asset that uses cryptography to secure transactions and control the creation of new units. Cryptocurrencies can be mined, purchased from cryptocurrency exchanges, or rewarded for work done on a blockchain.