Future of Crypto Currencies

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.

Every new technology has its own advantages and disadvantages for the world.

At first, I will discuss the advantages of Cryptocurrencies:

I) It is a decentralised system which means it eliminates intermediary people like banks, financial institutions that charge for transactions and who keeps track of each and every transaction done by us.

Now let's talk about disadvantages:

I) Lot of people don't have prior knowledge about crypto.
II) It can be used by terrorists for reinforcements.

It will have a future if it is regulated by laws.

Hello everyone.

Cryptocurrency is a virtual currency which do not have any governing body.

There are many advantages of cryptocurrency.

1) It is very important for the economic development of a country.
2) In cryptocurrency transactions we do not permit any governing body.
3) Time taken is less in cryptocurrency transactions.

From my perspective,

Cryptocurrency changes the finance of the country very much. As it is decentralized in blockchain it is safer to invest and get profit.

Some of the common cryptocurrencies are Bitcoin Dogecoin Etherium and so on.

Crypto currencies are basically digitised money that are used as a medium of exchange for financial transactions.

Everything on earth has pros and cons and so is it for crypto currencies. Advantages of crypto currencies are that they are easy to use, fast and unlimited transactions and transparency. Since crypto currencies are decentralised in nature (i. E, there are no legal authorities to control) , there are chances of bankruptcy and security issues. Investments in Crypto currencies are similar to that of stock market. They are highly volatile in nature and returns are not sure. The reason behind investors not showing interest in crypto currencies is that, if an organisation goes bankrupt, then there is no surety for investors in getting their returns back.

Future is safe with the help of digitalisation and at the same time not secure in the absence of basic facilities/needs.

Cryptocurrency is a virtual currency whose transaction details are stored in blockchain. This blockchain technology is based on the decentralised systems concept, meaning that no single person/company has the sole authority. Also, the data stored in these blocks are immutable, so the chances of data loss are negligible.

In 2009, Cryptocurrency came into the market. This is digit currency we can buy or sell in the national as well as international market. Is a convenient way to invest. Cryptocurrencies are of different types some of them are BITCOIN, DOGECOIN, ENTHEREUM etc.

Cryptocurrencies are on the rise due to its inherent security and ease of use. Crypto currencies are the future of payments because of the transaction speed and security it provides and that is the biggest advantage and we don't need the banks of we base our transactions on cryptos.

Well in my point of view cryptocurrencies have both positive answers negative assets.

The positive is to develop digitalization and do transactions easy and faster. But on the other hand of negative the corruption will grow and hackers collapse the cryptographic system. By these statements, we can understand it was observed that cryptocurrency may have a good future but its high risk.

We can consider crypto currencies as a digitalization of transaction. In crypto currencies typically we store money form of Bit coin. Everything has some advantages and disadvantages, so similarly crypto currencies has some advantages and disadvantages.

Some advantages are:

1. We can use it in international level.
2. It is faster.
3. We don't need to go to the bank and standing in a queue. It saves our time.

Some disadvantages are :

1. To access it need internet connection and some devices like mobile, computer, tablet etc. So it is not affordable for some people.

2. When using internet need to be aware in the internet nothing is secure. So be careful when access the internet.

At the end, my conclusion is apart of some security issues it has bright future.

A cryptocurrency is a method of exchange similar to normal currency like USD. It comes along with an objective of exchanging digital information via a cryptography principles. The term cryptography involves with security transactions and controls over the new coins. Agreeing with coinpedia, the cryptocurrency market is notably getting more complex and there are end number of studies examining the role and forthcoming of Bitcoin.

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.