Ravi SabbavarapuDec 18, 2021 · 3 years ago8 answers What are the advantages of using cryptocurrencies in perfect competition?
In a perfect competition market, what are the specific advantages of using cryptocurrencies compared to traditional currencies? How do cryptocurrencies contribute to the efficiency and fairness of the market? How do they promote transparency and reduce transaction costs? Are there any potential risks or drawbacks associated with using cryptocurrencies in perfect competition?