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The Three Elements of the Blockchain Trilemma
The Blockchain Trilemma is a concept that describes three main, interrelated aspects of blockchain technology, namely decentralization, security and scalability. According to this theory, blockchain always faces difficulties in achieving these three aspects simultaneously in one system. This trilemma explains why every blockchain platform should choose two of these three aspects as priorities and sacrifice the third aspect to achieve…
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Definition of Formal Equilibrium
In economics, the formal concept of equilibrium plays an important role in understanding how economic variables interact with each other to achieve market balance. In general, equilibrium is defined as a condition where demand and supply in the market are comparable at a certain price level without any tendency to…
Comparison with Nostro and Loro Accounts
Vostro Account Definition Vostro account is a term used in the banking world to describe an account opened by a foreign bank at a local bank. This term comes from Italian for "your account" and describes the relationship between two banks involved in cross-border financial transactions. Foreign banks usually open…
The Importance of Convexity Effects in Investment
Understanding Convexity Effect Convexity Effect plays a crucial role in portfolio management, especially when dealing with bond investments. In general, the Convexity Effect describes how changes in interest rates affect bond prices more than can be explained by duration alone. Convexity measures the rate of change in duration as a…
Introduction to the Greenback and USD
Greenback is a term originating in the United States to designate dollar bills that began to be issued during the American Civil War. Established in 1862, 'greenback' refers to banknotes issued by the US government that have green on the back. This term was popularized because almost all banknotes at…
Introduction to Accelerated Cost Recovery Systems
The Accelerated Cost Recovery System (ACRS) is a depreciation mechanism introduced in the United States tax code through the Economic Recovery Tax Act of 1981. This system is designed to speed up the process of recovering investment costs on certain assets belonging to a business. The goal of ACRS is…
Industry Position and its Relationship to Market Share
Understanding Market Share Market share is a term used to refer to a specific share of total demand in an industry or product category controlled by a company. It is an important indicator of a company's relative position in the market compared to its competitors. Measuring market share can help…
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Definition of Formal Equilibrium
In economics, the formal concept of equilibrium plays an important role in understanding how economic…
Consequences of Zero-Sum Games in Economics
Definition of "Zero-Sum Game" Zero-sum games are a concept in game theory and economics that…
Measuring Depreciation Adequacy
Definition of Depreciation Adequacy Depreciation adequacy is an important concept in the financial sector related…
The Role of Quote Currency in Transactions
Understanding Quote Currency Understanding quote currency is an important concept in the world of trading,…