Based on the following recommended articles or other articles from reliable sources about cryptocurrency, answer the following questions:

(a) One major motive of creating cryptocurrency is to allow a decentralized medium of electronic payment. In what sense the current form of cryptocurrency is decentralized?

(b) Currently, can cryptocurrency perform the three functions of money. Explain briefly. (6 marks)

(c) Do you want to buy cryptocurrency for transaction or financial investment? Explain briefly. (2 marks)

Recommended articles:

Ashford, Kate and Schmidt, John, (2022) "What is Cryptocurrency?" Forbes Advisor. https://www.forbes.com/advisor/investing/what-is-cryptocurrency/

Scott A. Wolla, (2018) "Bitcoin: Money or Financial Investment?" Page One Economics, March 2018. https://research.stlouisfed.org/publications/page1-econ/2018/03/01/bitcoin-money-or-financialinvestment/

Siripurapu, Anshu (2021) "Cryptocurrencies, Digital Dollars, and the Future of Money" Backgronder, The Council on Foreign Relations. https://www.cfr.org/backgrounder/cryptocurrencies-digital-dollars-and-future-money