Bitcoin has completed its fourth halving, an event that ensures its deflationary nature and is a key factor in making this beloved asset valuable.
Bitcoin’s fourth halving highlights its deflationary mechanism, one of the essential elements of its intrinsic value. This aspect merits further discussion. The halving process ensures that Bitcoin, unlike other assets, remains inflation-resistant, maintaining a systematic trajectory for value growth. However, this is not the entire story.
Globally, Bitcoin serves as a tool to counter inflation. It is a genuine asset capable of curbing the inflationary tendencies of all fiat currencies. Fiat money, issued by central banks, lacks any real backing. The widely held belief that fiat currency is backed by gold or similar assets is one of the most persistent misconceptions—a notion central banks make little effort to correct, using it instead as a cover for their lack of transparency. Central bank money is fundamentally weak, being rendered unbacked through flawed economic processes. This results in the creation of valueless units that effectively drain the wealth of nations.
This issue explores the nature, history, and process of currency devaluation. It features two in-depth analytical articles by Maral Koushki and Ali Maghsoudi and a review of a useful book translated by Ehsan Mousavi.
Additionally, we delve into the state of cryptocurrencies in Japan—a compelling narrative.
Mohammad Hosseini contributes an article on intellectual property rights in digital assets and blockchain, which addresses legal matters related to these domains.
Roya Ebadi examines various scenarios and developments in Distributed Ledger Technology (DLT) within the financial industry. As DLT forms the foundation of blockchain transparency and trust, it is vital to understand and discuss it comprehensively.
Whenever the cryptocurrency market sees a bullish trend and transaction volumes rise, discussions around Gas Fees on the Ethereum network heat up. Ethereum remains the most popular platform for creating fungible and non-fungible tokens. Despite the network’s robust support and promotion, many users remain devoted to acquiring and trading Ethereum-based tokens. This issue deciphers the high transaction costs associated with Ethereum.
Following last year’s elections, the composition of the Islamic Consultative Assembly (Iranian Parliament) has changed. As the current term concludes, we extend our gratitude to all representatives who supported the development of the nation’s financial industry. Special thanks go to Mohammadreza Pourebrahimi, Mohammad-Hossein Hosseinzadeh Bahreini, and particularly Mojtaba Tavangar, for their unwavering dedication to the Economic Commission and the Digital Economy Committee over the past four years. We wish them health and success in their continued service to the country.
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