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Topic: deals with Bitcoin and cryptocurrency. Talking about how fast it grew and the potential of taking over banksFor this exploratory essay, your assignment is to do the initial research and writing that willanswer the following questions:• What you already know about the subject and what questions you have;• What the background to your topic is;• What key issues and debates are involved with your topic;• What positions have been taken on your topic; in other words, who the major “players”(individuals, interest groups, hierarchies, networks) are in the area you are investigatingand what they have contributed to the debate;• What the social consequences are of how information on this topic is created, packaged,and/or presented (how it is represented in scholarship, popular culture, mass media,politics, etc.). What impact has information technology had on the understanding of thistopic in our society?Your purpose in this essay is to establish an initial “knowledge base” on your topic. As oneresearch-paper teacher puts it, “Sometimes you will want to read many sources to find outwhat a number of people have to say about a particular subject in order to discover your ownposition.” As Ballenger puts it about the exploratory essay, “if your motive is to discover whatyou think, then it’s too early to make any bold statements. . . . Inquiry-based investigationsdepend on your willingness to suspend judgment long enough to discover what you think.”Since your task is

to explore the subject’s possibilities with your readers, you should keep inmind the need to leave them with a clear sense of the issues that deserve consideration anddifferent perspectives on them, but not necessarily with your own answers. DO NOT ARGUE ATHESIS ABOUT YOUR OWN POSITION ON THE ISSUES. That will come later, in your argument.Your thesis for this paper should be focused on explaining what you discovered about the topic:the issues and the different positions that are taken on them and how those perspectives aredisseminated in society.The Details• You will submit your topic and guiding research question(s) in the week of March 2nd.• Your essay should be approximately 1750-2100 words (around 7 double-spaced pages,12-point font) long.• You must refer to at least six scholarly sources in your essay and document them in a“Works Cited” list. You should also include some sources that show how this topic hasbeen spread in society (old and new media). All sources should be documented in MLAstyle.Points and Due DateThis essay is worth 250 points of the 1000 total points for the term.• A preliminary draft is due by the end of the day on March 29, with a final draft due onApril 3, after feedback from your peer support group and subsequent revision. Thepreliminary draft will be shared with peers and instructor on Google Docs, while thefinal draft will be submitted via the D2L assignments folder labeled “Final Draft ofExploratory Essay.Please look at the attached documents