Future of Crypto Currencies

Hii everyone!

Today our topic is the future of cryptocurrency.

I consider that cryptocurrency is very beneficial for us. And cryptocurrency is a type of money transaction between the peoples. And we also consider it in the digitalisation. Cryptocurrency is a type of computer program that was made by use of algorithms in which there is only online transaction as much as you need. And there is not any type of notes and money everything is based on online payment. A few times ago, this is much popular in bitcoin. And bitcoin is a type of cryptocurrency. Which rates is increases and decreases in some times.

Finally, I totally agree with these and it is also secured in the field of hackers.

Thank you.

As per my opinion.

Cryptocurrency is a digital currency and in India cryptocurrency was banned at 2018 the supreme court of the removed ban on cryptocurrency in India in 2020 and then India created a rule for cryptocurrency that any transaction related to cryptocurrency will be subject to 30% of tax so because of that rule you have to pay 30% tax of your cryptocurrencies transaction to the government of India.

Crypto Currencies are unregulated in India but in budget 2022, the government has announced a flat 30 percent tax on gains from crypto currencies as well as TDS of 1 percent.

Hello, I'm happy to initiate this discussion.

Crypto-currencies were once known by very fewer people but today most of the young minds like us are involved directly in investment. In future, this knowledge will be spread to even the young fellow who possibly to complete their schooling.

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.

Hello friends,

Cryptocurrency can be a big game changer.

Advantages.

1. Country will go cashless.
2. Transfer of money will be made easy and faster.

Disadvantages.

1. Corruption will grow.
2. There was news that Russian hackers were behind the Bitcoin that is a type of cryptocurrency.
3. Risk of getting hacked.

Future of cryptocurrencies in India is very bright and I feel that in future we all use digital currency as it takes very less time and use peer to peer network and it is also secure.

Good evening everyone.

Basically, what is Cryptocurrency?

Cryptocurrency is the digital/virtual currency that is created for the transfer of money from peer to peer easily. It is an encryption by Santosh Nakamotto in 2009.

The future of Cryptocurrency is bright in future. Because in 5 years ago no one knew about Cryptocurrency but in nowadays people are aware of Cryptocurrency and also know how to transact and to operate it. 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 two sides 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.

Cryptocurrency is an encrypted, decentralized digital currency transferred between peers and confirmed in a public ledger via a process known as mining.

I believe that cryptocurrency is not likely to take the world's monetary system shortly due to the following reasons:

1) There is no governing body.
2) No regulations thus a common man will never invest in such a thing knowing their hard-earned money can anytime be STOLEN, DEVALUED. And no one can help you out of the situation.
3) Any unwanted or wrong transactions can never be refunded.
4) It can increase corruption and fraud.
5) People are not aware of how to use cryptocurrency and hence open themselves to the hacker.
6) If it becomes popular, it can alter the known national income of a country and can develop into a huge black market for things.
7) It can affect the known growth rate of a country.
8) In extreme cases, it can lead to recession and affect the entire world's economy

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.

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.