Enska - Article próf (4,5,6)

Shares

Hlutabréf

Facilitate

Auðvelda

Interstate banking

Banka viðskipti milli ríkja

Interbank payments

Bankagreiðslur milli banka

Credit

Bankainnistæða, bankalán

Recognition

Bera kennsl á

Merchant

Kaupmaður

Geographic region

Landsvæði

Liquidity

Lausafé, greiðslugeta

Monetary systems

Peningakerfi

Money laundering

Peningaþvætti

Sovereign

Fullvalda

Transaction

Færsla

Transmissions

Færslur

Deposit

Innistæða

Mergers

Samruni

Mechanisms

Tækni

Currencies

gjaldmiðill

Asset

Eign

The content questions

1. What is Bitcoin? It is a digital currency and is one of the first. 2. Who created Bitcoin? The identity of the technology creator of Bitcoin is a mystery. But it is Satoshi Nakamoto who created Bitcoin in January 2009. 3. Who are bitcoins rivals? Bitcoins rivals is with the government currency. 4. where can bitcoin be used? Bitcoin can be used in the black market, money laundering and as well as illegal activities. 5. What security risk comes with owning and use Bitcoin? There are hackers who can gain access to digital wallets were bitcoins are kept and accounts.

Reserve Requirement

Bindiskylda

Car loans

Bílalán

Profit-share

Deila hagnaði

Spread business

Dreifð viðskipti

Decentralized authority

Dreyft vald

Encryption

Dulkóða

Encryption algorithm

Dulkóðuð reiknilíkan

Precautions

Eign

Solitary

Einn

Refunds

Endurgreiðsla

Launched

Fara af stað

Circulation

Fer í umferð

Invest

Fjárfesta

Retails banking

Fjárfestabanki

Investment value

Fjárfestingargildi

Capital

Fjármagn

Financial crisis

Fjármálakreppa

Financial transactions

Fjármálaviðskipti

Capitalization

Fjármögnun

Financing

Fjármögnun

Conduct

Framkvæma

Transact

Framkvæma

Settle payments

Ganga frá greiðslum

Fiat Currency

Gjaldmiðill studdur af ríkinu

Low-fee payment system

Greiðslukerfi með lágt gjald

Profit

Hagnaður, gróði

Equity investment

Hlutabréfafjárfesting

Stock offerings

Hlutafjárútboð

Corporations

Hlutafélög

Ledger system

Höfuðbók

Mortgages

Húsnæðislán

Inherent risks

Innbyggð áhætta

Banking credit crisis

Læansfjármálakreppa

Declining rate

Lækkandi hlutfall

Market share

Markaðshlutadeild

Centralized government

Miðstýrð stjórnarvöld

E-banking

Netbanki

Miners

Námugröftarmenn

Innovations

Nýjung

Monetary system

Peningakerfi

Political Commentary

Pólítísk umsögn

Cryptocurrency

Rafmint

Electronic cash system

Rafrænt peningakerfi

Balances

Reikningar

Computationally

Reikningslega séð

Excess cash

Reiðufé

Governments

Ríkistjórnir

Amassing

Safna saman

Credit unions

Sameignar banki

Central bank

Seðlabanki

Federal Reserve

Seðlabankinn

Protocol

Siðreglur

tax evasion

Skattsvik

Liability

Skuld

Leverage

Skuldsetja

Savings accounts

Sparnaðarreikningur

Digital currency

Stafrænn gjaldmiðill

Operations occur

Starfsemi sem á sér stað

Local market

Staðbundinn markaður

Instant Payments

Staðgreiðsla

Regional banks

Svæðisbanki

Personalized Service

Sérsniðin þjónusta

The summary - Bitcoin

This article is about Bitcoin. It starts by explaining that it is a digital currency of limited quantity that has to be mined using many computers. Already most of it is already in circulation, but there are still over two million yet to be mined. It also says that there is something called "blockchain" that registers the transactions of Bitcoin's users and that is open for everyone to see. The article carefully explains the mining process, which is very complex. It also gives a historical overview, which starts in 2008 with someone called Satoshi Nakamoto, who may be one person, or the name given to a group of people. According to the article Bitcoin is being used as payment online and they say it is easy for companies to use. Furthermore, the article discusses investments in Bitcoin and what risks are involved. There is the danger that the digital units could become worthless if people lose faith in it and also, when all transactions are online there will always be hackers who may get into someone's computer and may be able to transfer the stolen Bitcoin to another account. Although I have read these eight pages five time, I still find Bitcoin very difficult to understand, but if it the future, then I will probably have to read this many more times.

Commodity

Verslunarvara

Mortgage-backed securities

Verðbréf með tryggingum í húseignum

Inflationary, Hyperinflationary

Verðbólha, ofurverðbólga

Price manipulation

Verðlagning

Inherent rate

Vextir

Interest rate

Vextir

Processing Units

Vinnslueiningar

Commercial banks

Viðskiptabanki

Business Loans

Viðskiptalán

Transactions

Viðskipti

Certificate

Vottorð

speculative investors

Áhættufjárfestar

Checking accounts

Ávísunarreikningur

Branches

Útibú

Expansion

Útþennsla, þennsla