The rapid development of the world of information technology, communication and transformation has brought tremendous benefits to the advancement of human civilization. Communication activities that previously demanded equipment that was so complicated were now relatively replaced by automatic all-around machines. The working system of technological tools has now been able to convert human muscle power with amazing results and acceleration.
Today as we modernize some of the aspects in the economy like in the production wherein pneumatic machinery are being introduce. Thus, innovation has already prove its efficiency in the production which lowered the production cost. In the areas of transportation, there are cars also being introduced that run by a battery and efficient also and economy in terms of expenses maintenance compared to gasoline powered cars. Other than that there are already other inventions that promote the comfort of living in life. Thus, digital currency is another innovations. Could you consider bitcoin as the new innovations for fiat money? The answer will be used in my research term paper for the adaptation of unified digital currency that could be used by the people around the world.
Along with the development of technology in this modern era innovations are increasingly being launched, including in the field of transactions such as bitcoin. Bitcoin has long been a phenomenal medium of exchange, since 2015 the popularity and users of bitcoin are increasing especially when the value reaches $ 20.000/BTC in December 2017. At that time, more than 10 million people had used bitcoin as an investment tool or virtual cash. As long as I know bitcoin, he has proven to be able to correct some of the shortcomings which are in conventional currencies which we use in our daily lives. I think, there is no harm in trying new things in the progress of this internet transaction.
