Ethereum: What happens if a country called 100% in cryptocurrencies loses internet connectivity in the rest of the world?
In recent years, cryptocurrencies have attracted traditional attention and recognition. However, there is another aspect of blockchain technology that has received less attention: its potential impact on national security and economic stability. In this article, we will explore a hypothetical scenario in which a country, 100% called cryptocurrencies, loses internet connectivity in the rest of the world.
The island nation: an economy based on cryptocurrency
Suppose the small island nation is called "Eldrador." For years, Eldador has been a prosperous economy based on its unique currency, ELD (ELDERIAN REGISTRATION). Eld has become a widely accepted way of exchange and value store among its citizens. The Central Bank of the country, the Bank of Eldrador, emits Eld to promote economic growth and stability.
Internet connectivity crisis
One day, the strikes: Internet that connects Eldrador with the rest of the world is interrupted. No and -Mail, without social networks, without online banking, nothing. The citizens of Eldrador stay to ask how they will survive without their daily lives. However, apparently, ELD has a unique feature that allows him to maintain a certain level of connectivity within the island.
Internet based on cryptocurrency 
The Cryptocurrency of Eldrador, ELD, is designed with advanced encryption and decentralized architecture. The network uses a hybrid approach, which combines public key encryption with blockchain technology. This guarantees that even if a node must be offline, the entire network remains safe.
The world cries
While the news of the Internet Elder interruption extends, the rest of the world is hesitated. Governments, international organizations and financial institutions go up to understand what happened and how to respond. The United Nations celebrates an emergency meeting to discuss the crisis.
"We face a global economic catastrophe," said the United Nations Secretary General, António Guterres, during the meeting. "The sudden loss of internet connectivity caused a generalized interruption of global markets. We need immediate assistance from our neighbors and allies to mitigate this damage."
International response
In response to the Eldador crisis, several countries offer help:
- United States sends a team of IT security experts to help restore access.
- China offers to provide commercial cryptocurrency platforms based on ELD for the island nation.
- India sends a group of engineers to help rebuild the network.
However, not all countries are willing to provide assistance. Some nations express skepticism about the profitability of the use of their internet currencies or infrastructure for financial transactions.
The economic consequences
While Eldorador struggles to recover from internet interruption, economic implications become clear:
- The loss of access to international markets seriously interrupts the economy of the island nation.
- Eld prices decrease significantly due to lack of demand and increased supply of alternative cryptocurrencies (Altcoin).
- Local companies suffer when tourists and investors avoid the crisis.
A new era for cryptocurrency
The experience of Eldrador highlights the need for countries to diversify their financial systems and develop local currencies. The country must now trust its cryptocurrency, ELD, which has proven to be resistant in times of crisis.
While Eldador navigates this new reality, it is clear that the island nation is not alone in its search for economic independence. Other countries are also exploring similar strategies to ensure that their financial systems remain safe and resistant to global interruptions.