Future of Crypto Currencies

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.

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.

Cryptocurrency is a digital asset designed to work as a medium of exchange that uses cryptography.
It is a digital currency that is not tied to a bank or government And allows users to spend money anonymously.
It has many disadvantages because of many people unaware of digital currencies.
Hackers used that information.
Crime increases as it has no involvement with the third party.
It can fluctuate so if it falls then people lose their money and suffers a crisis.
It leads to black money in the country so economy growth falls down.

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 and recently we heard the a South American country named El Salvador has accepted cryptos as official currencies it has benefited the people of that country cause there will be very less transaction cost for transferring money which will help the people to save more and spend more which would see the economy flourish.

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.

Cryptocurrency uses decentralised technology which is based on mathematics or algorithms for secure payments and store money without even going to bank.

Advantages:

There is no middle man or a company which charges the transaction amount.
International transactions are faster.

Disadvantages:

Not widely accepted.
Unpredictable and Unstable.
If you lose the password you loose money.

So, basically, if all these risks are eliminated then only we can say that bitcoin or cryptocurrency has a better future.

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 everyone,

Cryptocurrency is a digital currency and in India crypto currency was banned at 2018 Then After two years, the supreme court removed the ban on cryptocurrency in India in 2020. For any transaction related to cryptocurrency, we have to 30% Tax to the Indian Government. The most popular cryptocurrency is bitcoin, ripple, and many more it also contributes to the growth of the Indian economy. The future of cryptocurrency is very bright because it is rapidly increasing day by day.

Hello everyone,

Crypto currency is a virtual or digital currency whose transaction is secured and controlled by cryptography. As this is a decentralized monetary system govt has no authority on it and it's averse towards inflation so it is more likely to gain huge attention in future, but this may lead to an increase in corruption due to its anonymous nature, illegal activities like weapon procurement also can be done by this easily but this is going grow tremendously in future for sure.