CryptoURANUS Economics: Inflation: Defined in CryptoCurrency

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Tuesday, August 7, 2018

Inflation: Defined in CryptoCurrency

Inflation: Defined in CryptoCurrency


Inflation is the yearly increase in the prices of products and services, and is measured as a percentage. In other words, increasing inflation means your $5 bill will purchase fewer and fewer candy bars. 


Government issued money like US dollars are created all the time, there is no limit, and the creation of new money creates inflation. 


Many cryptocurrencies are set up in the same way where brand new coins are created regularly.

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