Topic: FIVE REASONS YOU HAVE TO GO FOR CRYPTOCURRENCY (Read 145 times)

Thank you for shedding more light on the subject matter. I am open to more opinion from experts like you

Those are just few of the reasons which are in my list. In my opinion crypto currency is having lot of characters and algorithms which makes it X-Proof and thus its not just the identity theft proof or fraud proof but many other characters that are involved which makes things go perfect for normal investor of the crypto. Many benefits are their which are also making investors come and taste the world of crypto currency. For example huge profits gain, less loss if played very well, N-number of ways to earn money from the crypto currency. Above this, crypto also provide whole new world where you can safeguard all your real life assets and have great alternatives too.

I agree with you. whatever crypto's advantages he said, as long as crypto was not fully accepted for any payment. there will be no significant changes. people will not switch to cryptocurrency and prefer Fiat.

You are right but as you can see, there has been development in these areas if you compare with when cryptocurrency first came into being. With more enlightment, the acceptability will increase. Thank you for giving your opinion on the matter

Thing we need at cryptocurrency now is acceptable payment. Cryptocurrency need to be accepted by stores, merchants, companies, and individuals.

THESE ARE THE FIVE REASONS YOU HAVE TO GO FOR CRYPTOCURRENCY

A cryptocurrency is a medium of exchange like normal currencies such as USD, but designed for the purpose of exchanging digital information. Cryptocurrency is defined by Investopedia.com as a decentralized “digital or virtual currency that uses cryptography for security” making it difficult to counterfeit. Since it is not issued by a central authority, governments can’t take it away from you.

Over the last couple of years, digital currency has been rapidly gaining the public eye. Here are some good reasons behind it.

• Fraud-proof: When cryptocurrency is created, all confirmed transactions are stored in a public ledger. All identities of coin owners are encrypted to ensure the legitimacy of record keeping. Because the currency is decentralized, you own it. Neither government nor bank has any control over it.

• Identity Theft: The ledger ensures that all transactions between “digital wallets” can calculate an accurate balance. All transactions are checked to make sure that the coins used are owned by the current spender. This public ledger is also referred to as a “transaction blockchain”. Blockachain technology ensures secure digital transactions through encryption and “smart contracts” that make the entity virtually unhackable and void of fraud. With security like this, blockchain technology is poised to impact nearly every segment of our lives.

• Instant Settlement: Blockchain is the reason why cryptocurrency has any value. Ease of use is the reason why cryptocurrency is in high demand. All you need is a smart device, an internet connection and instantly you become your own bank making payments and money transfers.

• Accessible: There are over two billion people with access to the Internet who don't have rights to use to traditional exchange systems. These individuals are clued-in for the cryptocurrency market.

• You are the owner: There is no other electronic cash system in which your account is owned by you.

CONCLUSION
This is my personal view and I will be glad if you can also drop your view on cryptocurrency.