• Project Title: A Proposal to Increase the Liquidity of Cryptocurrency

  • BASIS Advisor: Mr. McCorkle

  • Internship Location: Ecofund

  • Onsite Mentor: Mr. Tapa Biswas

For my project, I aim to create a cryptocurrency plan that keeps the security associated with blockchain technology but make cryptocurrency more fungible and usable among the general public. Through my internship at Ecofund, I will research how to balance the fungibility and security of a cryptocurrency, which is a prominent challenge in its creation. This is mainly because the system does not require a central authority as its state is maintained through distributed consensus. Also, the system allows transactions to be performed in which ownership of the cryptographic units change. A transaction statement can only be issued by an entity proving the current ownership of these units. The new perspective I will bring is a model that could make a cryptocurrency useful for a teenage consumer, which would be of use to others in this field and the general public. I hope to send this model to other passive income management firms and consumers once the project is complete.