Future of Crypto Currencies

Cryptocurrency refers to money in digital form through which one can do financal transaction internationally. It can be used for purchasing anything through online but it is not acceptable in.

Every country and quiet risky as digitalisation is revolving everywhere especially in this covid situation than we can say that it can have good future. But have security issues.

Today's topic is cryptocurrencies is used for foreign exchange. Or made a digital transaction easily. In Indian money cryptocurrency worth 6 lakhs so people can make a large amount of transaction very easy and transparent. But the disadvantages of cryptocurrency are this type of money not widely used, once you loss your bitcoin password as same you lose your money and the notable point is beware of the hackers.

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.

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.

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.

According to my point of view, every coin has two sides as the usual cryptocurrency has also two sides good one is that it stores all the records so that it prevents corruption but on the other hand, India is a village country most of the village have no appropriate facilities. They have no proper roadway, electricity as so on yeah it's future is good when the government provides them these basic facilities.

Thank you.

In my opinion, crypto currencies has great future. It has both merits and demerits. One of the best advantages of cryptocurrency, as it minimizes the corruption. It helps to reduce black money generation. The only point on demerits is its data security. As it is base on digital platform, the security of its transaction and delivery shall be considered. Till know bitcoin is a major player in cryptocurrency.

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 all know that everything has its merits and demerits. Like that cryptocurrency has also advantage and disadvantages.

The advantage is that it makes country cashless and disadvantage is that it increases corruption and security.

Good morning.

The cryptocurrency was introduced in 2009, a digital currency used to make payments through decentralized organization. Today in markets cryptocurrency like bitcoins, ether, litcoins are used.

Looking into the current scenario, I believe the future of cryptocurrency will lead to quixotic situation. The main governing factor to decide value is its demand and supply. If demand will be more then the computer processing unit will be processing more transaction, therefore, raising its value and vice versa. Vagaries in prices of bitcoins were unbelievable, 1000$ in jan 2017 to 19000$ in the end of the year with 1400 percent raise and then dropping to 51 percent of its value in starting 2018, wiping out billions of dollar in the market. It leads to an economic bubble which bursts and created havoc among investors. Cryptocurrency is handled by decentralized organization, can lead to tax invasion and have potential to widens the economic gaps. There are other issues of cybersecurity too. In last, in the era of energy depletion where some individuals do not get even receive a proper meal of a day, depending on manmade gadgets to such an extant is not ethical and will lead energy mismanagement. I believe growth can be very gradually while considering all aspects of the market and society. Currently, cryptocurrency requires rules and regulations in its value else it can bring new digital manmade tsunami affecting millions of lives.