Future of Crypto Currencies

Cryptocurrency is a digital currency which is secured by cryptography (encrypted form). Bitcoin, Litecoin, Mintcoin are some types of cryptocurrency. Bitcoin is the First cryptocurrency generated in 2009 via open source software though solving difficult puzzles. It was first introduced by Satoshi Nakomoto.

It is not legal currency, there is no central authority to control it, its value fluctuates frequently.

However, it is encrypted but it is not secure and safe due to hacking and frequent losses due to its totality. Now, the government ban it in India because of its leads to money laundering, hacking etc.

Bitcoin is most popular crypto currency. It is not legal and there is no authority control over it. It is independent of any other country currency like dollar, yen etc. Every one who is know about it can use it easily and profit. But everything has some bad effect it also does. It fluctuates and hacks by anyone easily. If it falls then people loss their own main money and suffer crisis. But. If rupee falls then it effects all the country means thing rate also falls but its not happen with crypto currency.

Hello friends,

The future of Crypto currrencies is very Bright because crypto currencies is rapidly increasing daybyday. The Bitcoin is a cryptocurrency, it is a electronic cash. It is decentralised by a digital currency. It is sent by a user to user peer to peer through bitcoin network with no central authority.

The author of bitcoin is satoshi nakamoto he creates open source network. In 9january 2009.

Nobody can control a bitcoin but we a part of bitcoin.

1. Fast peer to peer transaction.
2. Worldwide payments.
3. Low processing fee.

Thank you.

Hello friends,

First of all, cryptocurrency is a digital currency which is produced by the technology called cryptography which is nothing but an encrypted form of currency. There are many cryptocurrencies in the world nowadays. One of them is called bitcoin which is popularly circulating around the world. People too accept those currencies and trying to earn them.

Why people are interested in buying or gaining cryptocurrencies? because the value of bitcoin is that much higher. The cryptocurrency technology is an amazing technology through which nobody can hack them or stole them. But unlike other technologies in bitcoin, anyone can access this and can mine the data and gain bitcoin. For the data mining, Sample amount of data and electricity are required. In foreign countries, data mining centres for gaining bitcoin are separately run by the experts.

And now come to the point, this cryptocurrency technology is such a secured one as few banks in India accept it as a legal currency. The countries like USA, EU, Australia, Canada etc accept them as legal currency and countries like Iceland, Vietnam has banned them.

This bitcoin technology is a challenging one for the USA. Because the world's most valued currency American dollar has beaten by bitcoin. One bitcoin value at present is 6421 American dollar. And the values are fluctuating day to day. So the cryptocurrency if used in a right way it may reach a higher level.

Thank you.

Good evening everyone.

Basically, what is Cryptocurrency? Cryptocurrency is the digital/virtual currency that is created for transfer of money peer to peer easily. It is a encryption by a Santosh Nakamotto in 2009.

The future of Cryptocurrency is bright in future. Because in 5year ago no one knows about Cryptocurrency but in nowadays people are aware of Cryptocurrency and also know how to transact and to operate. And many professional investors are trading in Cryptocurrency to earn more profit because profit comes from the high risk. And the price of Cryptocurrency highly fluctuates.

Every coin has a two side so Cryptocurrency currency has some merits and demerits.

Merits.
1. Secure payment.
2. Easily operate.
3. Transfer anywhere in the world.
4. Cashless economy.

Demerits.
1. Fraudulent activities happen.
2. No legal interference.
3. Minimum possibilities of refund.

Thank you.

Hello my panel members,

The topic of future of crypto currencies is the most discusses topic nowadays especially after the introduction of Bitcoin.

Cryptocurrencies are nothing but digitised form of money. Being a part of digitised world it is obviously prone to attacks cyber attacks. But also the advantages of cryptocurrencies cannot be ignored as it is the most convenient mode of currency.

Being in digitised form it encourages to make the country digitally equipped with electronic cash rather than paper cash. Ultimately leading to keep a track of all payments made it also reduces the conversion of black to white.

Hence future of cryptocurrencies are bright subject to attacks faced by digital economy.

Hello, Thanks for giving me chance to share my thoughts.

Cryptocurrency is basically encryption of currency. Nowadays Bitcoin is used by most people. Lots of consequences are there like hacking, fraud ND there is no legal policy. The government should give the best knowledge about this cryptocurrency to those people are uneducated. So it will help to make a good future. Thank you.

Hi. According to my opinion, definitely crypto currency has a bright future. Crypto currency is a digitalised form of money which makes the country cashless. It can be easily transfered from user to user. Bitcoin is an example for crypto currency and is worked on the basis of the process blockchain where data is mined and difficult puzzles is solved. But the most demerits of crypto currency is that it has no central authority to control and is not a legal currency. The only aspect of its popularity is based on its value. The value of the Bitcoin is a bit higher. So people feels to easily gain profits.

Good afternoon friends,

In the last couple of years, not only individuals but even major organizations have started accepting payments in the form of Cryptocurrency.

This led to a huge investment and mining boom with respect to bitcoins.

Coming to the present state of affairs, Finance Minister Arun Jaitley announced in February 2018 that the use of bitcoins will no longer be tolerated and they intend to get rid of the decentralized currency from the country.

Many countries like Russia, Bolivia, and Taiwan have already posed the restriction on usage of Cryptocurrency. The estimated amount of bitcoin distributed all over the globe is said to be 21 million and 4 million more left to mine. This indicates the future of bitcoins will soon be restricted to trading or exchange.

The case seems to be similar in India since the finance department of the country is not ready to accept this currency and RBI being the head and control of banking in India has also warned people about the usage of cryptocurrency and its risks involved.

I think bitcoin will have a great future. This can be easily understood by;

* no third party involvement (which is central bank and government).
* easy to used and converted to physical objects as we know big companies were deals in crypto.
*as it is limited currency we know rate goes up having a max return or profit.
* the whole world having a single currency system that is crypto. If no competition between them But also having a large demerit which tends his future is worse.
*hacker used that.
* crime increases as it has no involvement of the third party.
* direct tax gets reduced.
*maybe the whole system gets crashed.
* government restrictions.
* not easily understand by a large group of peoples.