Future of Crypto Currencies

Cryptocurrency.

It's a digital form of currency which uses cryptography to transfer coins and the transactions are independent of government.

Banks can't charge money when we send or receive bitcoin.

Bitcoin is the earliest form of cryptocurrency and it was founded by a mystery person named Satoshi Nakamoto in 2009.

Even though cryptocurrency makes peer to peer transcations easier, there is no sense of security and one can't sleep peacefully knowing that the value of cryptocurrency might fall the next day.

It fluctuates way more than normal currency and atleast the normal currency's deflation has an impact on the consumer goods too. But Bitcoin has no such impact.

There is no proper governing body and if your money gets hacked, you won't get repaid.

I can't see cryptocurrency replacing normal ones in the near future because of the high risk involved. But there's a slight chance, if we improve the security and the threats of hackers are eliminated.

Hello guys,

Cryptocurrency is a digital currency.

Advantages:

Cryptocurrency is readily available to the general public. Almost anyone can make use of it. It is a decentralized operation and investors from all over the world have easy access to them. Even there is no need for a third party like a bank whom you need to trust in.

Disadvantages:

1. There is a possibility of losing your wallet. If you have stored the money in the form of digital currency on your phone or computer, you better remember your password and not lose those devices. Losing your coins means you won\'t be able to retrieve it, even with the help of legal assistance.

2. If you mistakenly pay someone by using cryptocurrency, then there is no way to get a refund of the amount paid.

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.

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.

Hi Friends.

Nowadays Cryptocurrency is going in a plan to create all financial things in digital format, I think cryptocurrency will have good future.

Crypto currencies have turned out to be a major player in the market of money, politics and almost everything now. Having such a thing can prove to be fatal too.