Future of Crypto Currencies

Crptocurrency is on trend nowdays everybody is listening about digital currency from media and other platforms.

Well let me give you a short info about cryptocurrency: It is the digital currency first of all and the main aim of this currency is to decentralised the money transfer as now a days we are making payments by using the third party apps like paytm, gpay and other apps so basically when me make transcations it need to be approved by the central agency or we can say by banks and they have the power to see your transcations.

And to overcome this thing cryptocurrency have been made.

By this you don, t need a central aggecy to aprrove your transctions and you can make transctions anywhere in the world. Another good thing about this you can check where your currency has been gone and how it is been used.

In market there are diffrent types of cryptocurrency are available some of them are BITCOIN, DOGECOIN, ENTHEREUM.

Crypto has a good future ahead but it has disadvantages to like human errors, Hacking, Using for illegal activities but it can be overcome with the advacements of the technology in future.

Hi friends!

Cryptocurrency is a digital and virtual currency. It works only on mobile, computer, or any android digital system. It is a decentralized monetary system all over the world there is no governing body like the banking system.

It is purely digital so no third party is involved between the buyer & seller & if any fraud or cheating has happened then no one is responsible. But still day by day the people are attracting to virtual currency. Even many countries, industry and a lot of organizations are officially accepting this digital currency.

In cryptocurrency, A number of digital currencies are available may be their number will be in thousands or more above. In one of them now Bitcoin is on the top in the market. Overall on the basis of data and current condition, the future will be cryptocurrency.

Hello everyone,

First of all, we will see what is meant by cryptocurrency, it is the digital currency in the form of bitcoin, ether and Bitcoin. In 2009, cryptocurrency came into the market. This digital currency we can buy and sell in the international market and for it internet is required. Like everything in the world have two sides hence it also has positive points and also some negative points.

Positive points-.

It is a faster process as it linked with the international market.
It is a convenient way for investment.
One can do this as a business and earn some profits.
No third party is involved so no hidden and other charges.
We can anytime buy or sell this cryptocurrency.
It is a decentralized currency.

Negative points-.

Government authority or any banks are not involved in cryptocurrency so the risk of security is there and also we can't complain about any fraud to these authorities.

There is a high risk involved in this business as it is linked with the international market so sometimes loss occurs.
RBI didn't support it so no legal organization is there to keep watch on it.
Cybersecurity is not so strong.
Mostly this type of currency is used by terrorists and other such organizations.
Chances of corruption are there.
The conclusion is that in future government authority will give legal permission to it as its use is increasing day by day and also works on its negative points.

Thanks a lot.

Hello everyone
We have topic to discuss here that is future of crypto currencies
Crypto currency is digital money with user can buy or sell goods without third party or bank involvement.It has no base or any legal authority to regulate.it is fastest ,unstable,high risky,high return ,irreversible form of transaction.its value is in the form of bitcoin whose value drastically increases or decreases in a day.
In 2018 for data security,as seeing increased public interest in bitcoin ,RBI banned banks to do transaction with digital currency.RBI said that it has base to regulate and it is decentralised body so it is unsafe to use as currency. But SC removes RBI ban under article 19 (1) which allows citizen to do any type of trade or business.Users of digital currency are increasing day by day without knowing it's origin and working.

As per prediction crypto currency capture entire world although users are increasing because gov have right to ban digital currency due to its many disadvantages
1.It decentralised body, no third party or bank is involved in between to solve transaction issue or any fraud. It has no regulatory body.
2. Transaction is irreversible.
3 .No data security
4.mostly digital currency is used in terrorism,illegal activities
5.Digital currency is unpredictable and volatile .

In my opinion it highly risky to use digital currency. It has no legal authority to cross check any misuse or fraud.for the safety of person which uses digital currency,there is need of legal regulatory authority to keep check on transaction activity .

Cryptocurrency is a digital or virtual currency that is meant to be a medium of exchange. It works on by cryptography which is a method of using encryption and decryption to secure communications in the presence of third parties with all intent.

Future of cryptocurrency is:

The conflict between regulation and anonymity.

Futurist believes that by 2030 cryptocurrencies would occupy 25% of national currencies.

Increased acceptance by merchants and customers.

It will continue to have a volatile nature.

Hello friends.

My name is Ratan Gadhwal.

According to me, Cryptocurrency a digital currency that allows transaction to remain anonymous while confirming its valued.

It is a type of peer to peer transaction in which block chain technology is used.

Facebook also launched it's own cryptocurrency LIBRA.

Cryptocurrency is an international level, and digital currency so that you no need to have money in the pocket. As we need that we have secure service then it will be a bright future. Thanks.

This is Chhotelal.

I come to the topic future of cryptocurrency.

Cryptocurrency first introduced in 2009.

This is digital money. It is medium of exchange. Friends we all know very well that every coin has two aspects, yes I am telling about the negative and positive aspect.

Its positive aspect is that.

It is used as an international level & also it is faster. We do not need to go the bank and no need to stand in a long queue. We make a transaction online at home.

The disadvantage is that to access it we need a computer or mobile but it is not affordable for some people. The security problem is also. If a bank is rupt then not sure to return your money.

In last, my conclusion is that if these all problem are eliminated then it is our bright future.

Thanks.

ADVANTAGES.

1. Fully secure.
2. Your details are fully safe.
3. Peer to peer transactions and everyone can see each transaction.

DISADVANTAGES.

1. Payment is not reversible.
2. If you lose the wallet, there is no way to recover it back.

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.