-
https://d1y502jg6fpugt.cloudfront.net/1909/archive/files/4a0eb50e2d97eb6736084499ab2e5a03.pdf?Expires=1712793600&Signature=iENL3-pde2TnycKz-tQyZYGwztyf-V44X9Okw7Z9HGX8IHSbLJEYvMKVOSGtP%7EcfM1ix8XjkYi6NU-TRTgkpo0hdxiHfqavOeVa3rbh3FkN2eO%7EtcbSXAAcCJ%7EhHoTNdyyryYQ%7EY9oj64N%7Eb-6g0B%7E7N3xPRwkQFirGwSj401ZH%7EGL8lH037Nl-bpOGbD4mLLosz0ykLo0mttM2UVeleOK2iy%7EiV2LZF9d9QxjwlM21t2%7E3QTyY9r13Dtfc24J56CoxeOv74bw4YjPWYKwM%7EZuAtbwNdMErMBFsmNohCV%7ECTyzQ41Vrj2GqZLtFjdXGkzKvHCybnh6VSij0qzq6uAw__&Key-Pair-Id=K6UGZS9ZTDSZM
075476814febb5b08fc9aa5a5b003da9
PDF Text
Text
Jeanine Woody
MA 400
Senior Thesis
Cryptocurrencies and Real-World Applications
Cryptocurrencies are a form of electronic commerce that is created through crypto
systems. These systems tend to create a chain, which is known as a blockchain, and is compiled
through encryption and decryption techniques. These techniques have evolved through many
practices specifically through the creation and application of theories from Euclid, Fermat,
Mersenne, Euler, Gauss, and Fibonacci. Their respective theories led to developments in
Number Theory—the properties of positive integers and its reliance on factoring and testing
prime numbers. Number Theory has been a key aspect in developing computer algorithms.
Their respective findings helped to curate one of the most widely used cryptosystem known as
Rivest-Shamir-Adleman (RSA) Cryptosystem. RSA Cryptosystems rely on encryption and
decryption techniques based on Number Theory. There are two distinct types, public and
private, which each have specific characteristics. In a public key, also known as an Asymmetric
Cryptograph, anyone is able to encrypt messages using the receiver’s public key, but only those
with a private key could decrypt the message. For those who use RSA systems, a digital
signature is created at the end of the message to show the connection to the sender.
The most well-known form of Cryptocurrency, Bitcoin, was created by the anonymous
Satoshi Nakamoto in 2008. His paper called “Bitcoin - A Peer-to-Peer Electronic Cash System”
presented the idea that electronic cash should be shared through online payments via a peer-topeer system that would function without an intermediary third party. The purpose of the paper
�was to prove that electronic commerce should rely more on cryptographic systems instead of
trust. This would ultimately allow for transactions to occur directly between two individuals.
Cryptocurrencies are prominent in a few industries, specifically Financial Technology
and Machine Learning. The Financial Technology (Fin Tech) section normally uses
cryptocurrency blockchain protocols in what is known as a Distributed-Ledger Technology
(DLT). The application of DLT to different aspects of the Fin Tech industry allows for cost
savings because an outside third party is not needed to verify transactions. According to this
protocol, no single entity or government body could determine the inflation rate of the
transactions, instead they would be determined by an algorithm. Machine Learning is based on
pattern recognition and the theory that computers can learn specific tasks without being
programmed to do so. Researchers of this topic attempt to observe the correlation between data
sets and artificial intelligence. In the United States, regulatory agencies like the U.S.
Commodity Futures Trading Commission (CETC) view cryptocurrencies as commodities, while
the Internal Revenue Service (IRS) views them as properties. On the other hand, the Securities
and Exchange Commission (SEC) does not recognize cryptocurrencies as securities despite the
fact that they stress that types of e-currency in the market need surveillance to monitor their
application. These differences make it difficult for regulation policies to be put into effect to
monitor cryptocurrencies. The real-world application shows how different industries rely on
aspects of the exchange to perform certain tasks within their designated spheres.
�
Dublin Core
The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/.
Title
A name given to the resource
Senior Presentations Archive
Description
An account of the resource
This archive contains materials from Wagner’s annual ‘Senior Presentations.’ This event honors outstanding students from each discipline who completed their Senior Learning Community project with excellence. The work is representative of Wagner’s highest standards, and is exemplary of the diversity of subject matter, public-facing scholarship, and civic-minded professionalism our students have attained through their four years here. These students were specially invited to present their work in a formal setting, traditionally the day of Baccalaureate. Students are encouraged to present their work in a format appropriate for their discipline, and so, the presentations vary in their format. Some might be in the form of a short video, or paper abstracts, while others might be posters or music clips. We expect this archive to serve as a resource for generations to come. Congratulations to our Seniors!
Date
A point or period of time associated with an event in the lifecycle of the resource
2017 -
Rights Holder
A person or organization owning or managing rights over the resource.
Wagner College, Staten Island, NY
Document
A resource containing textual data. Note that facsimiles or images of texts are still of the genre text.
Date Digital
2020
Original Format
If the image is of an object, state the type of object, such as painting, sculpture, paper, photo, and additional data
Abstract
Dublin Core
The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/.
Identifier
An unambiguous reference to the resource within a given context
2020-mathematics-Woody
Creator
An entity primarily responsible for making the resource
Woody, Jeanine
Date
A point or period of time associated with an event in the lifecycle of the resource
5/1/2020
Title
A name given to the resource
Cryptocurrencies and Real-World Applications
Contributor
An entity responsible for making contributions to the resource
Mathematics
Type
The nature or genre of the resource
text
Format
The file format, physical medium, or dimensions of the resource
application/pdf
Extent
The size or duration of the resource.
2 pages
Language
A language of the resource
eng
Rights
Information about rights held in and over the resource
U.S. and international copyright laws may protect this work. It is provided by Wagner College for scholarly or research purposes only. Commercial use or distribution is not permitted without prior permission of the copyright holder.
Rights Holder
A person or organization owning or managing rights over the resource.
Wagner College, Staten Island, NY