What is the mission of crypto? - page 10.

SPdiginomads

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Quote from: pokxon on August 11, 2018, 05:40:04 AM

I know crypto by the end of 2017. I learned a lot about crypto but I still do not know what it was born with a mission. I have heard many people say that crypto will change the world, crypto will be the future currency to replace real money, crypto will be applied to life, .... I still have not seen many things Applying from blockchain technology instead of paying for some co-payments between projects.

It’s solely purpose is to decentralized the monetary system without conficts and seamless transaction. I do think a lot of people will embrace crypto currency because there are a lot of projects applied on real life. Using the coin will inheret its value like gold.

rosebit

jr. member

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Crypto are spread in the whole world. it mission is to connect whole world by online trading platform. here people can trading easily at anywhere and anytime. it is more secure and profitable.so if you want to know the true meaning of Crypto you should ask Satoshi directly (if you can contact Satohi)

coinnywide

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Originally crypto was created to facilitate transactions. But over time, crypto has become popular because many people are very fond of crypto trading. With blockchain-based technology, now crypto can not only be used for transactions, but can also be used for long-term investments.

Sandeep24

newbie

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Basically crypto is digital currency which provide a us fully secure and fast circulation of digital currency as in digital format. It is newer a version of our old currency and we can invest or trading on a single platform from any country. crypto will also give us opportunity for whole world will be worked on same platform with simple, secure and fast network and most important thing is, it will be useful for several countries who are continuing fight with economic crisis.

Humananitty10

newbie

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The things have changed into a money making business and one has to be careful.

bohr

sr. member

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Quote from: newinbtc on August 17, 2018, 12:33:31 AM

Nice Question.
First Crypto coin Found in Year 2009 By unknown person names satoshi. The purpose was Transactions are made with no middle men – meaning, no banks!.

Our banks normally charge 25+$ for transferring Amount From one country to another country in 5-7 days using Wire transfer. But in case we use Crypto currency . We can Send money to person directly. Without knowing Who is sending In few Minutes. But it takes time to confirm the transfer Approx 10 min to 2 Days depend on Market rush and What fees paid to miners

This was the goal In intial. But By the use of Crypto exhange People Allow to buy and sell the coin To earn money thats called trading... Bitcoins or altcoin is not Way to earn money m Its a digital currency

Another purpose of bitcoin when it was created was to create a currency that could not be printed at will by a central authority, that is why we have the miners and there is also the limit of coins that makes our coins very valuable and if that was not enough, bitcoin gives us true ownership of our money, if you think you own the money you have in your hand or your bank think again because it can be easily confiscated, something impossible to do to your bitcoin without the private key.

Vicodin

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Power the World for FREE

Quote from: alisherusmonov89 on August 18, 2018, 11:52:20 AM

Not cryptocurrency, but blockchain technology will change the world. Cryptocurrency is just one part of this technology. Cryptocurrencies are not yet able to replace cash, they are inconvenient to use and too volatile.

I agree that blockchain will have a much bigger impact on our world that currencies. Payments are only the first area where blockchain can have a transformational impact. But I think the biggest innovations will be in areas outside of the finance world. Maybe in 10 years everything runs on blockchains!

Kseniya17

member

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I also think that cryptography, digital money, blockchain technology is our future, it will greatly simplify our commodity monetary relations and I am glad that I am taking part in this.

alisherusmonov89

jr. member

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Not cryptocurrency, but blockchain technology will change the world. Cryptocurrency is just one part of this technology. Cryptocurrencies are not yet able to replace cash, they are inconvenient to use and too volatile.

Xxmodded

sr. member

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Seabet.io | Crypto-Casino

Quote from: pokxon on August 11, 2018, 05:40:04 AM

I know crypto by the end of 2017. I learned a lot about crypto but I still do not know what it was born with a mission. I have heard many people say that crypto will change the world, crypto will be the future currency to replace real money, crypto will be applied to life, .... I still have not seen many things Applying from blockchain technology instead of paying for some co-payments between projects.

I think everyone has a different perception of crypto viewpoints, I just believe that bitcoin can be a world-recognized currency option other than fiat currency. and for other crypto it will be difficult because each crypto has a developer that is easy to manipulate and this is very different from bitcoin which has no center.

KarinaMix

jr. member

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in my opinion, cryptography will replace our money, we will buy the most basic things in the future, I think that cryptocurrency is our future.

Asdeeop

newbie

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Digital money is made to make the exchange on the web quicker and solid. By taking out the outsider, every exchange turns out to be speedier and helpful. Fueled by blockchain digital currency will turn into a hit.

Rtalk

jr. member

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The mission is clear and simple - to equalize all people , blur territorial boundaries and eliminate the influence of a third party in the transaction between the two parties. So, this is not good because governments and banks prevent it.

Gab20

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Apart from the payment or transaction usage of cryptocurrency, it is a technology with different applications. Even of i have snot see so many usage of crypto and blockchain technology, i have have seen instances where data are stored on blockchain. Data that are useful for different inventions, research, production and for proffering solutions to different problems faced in life.

healthyfirework

newbie

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The purpose of creating digital money is to facilitate transactions throughout the country. Transactions using electronic money are more practical compared to fiat money. But to replace fiat currency, I think this is impossible. Crypto is unstable in value so it is difficult to control by the government. That is why in some countries transactions using coins are prohibited.

eaLiTy

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Quote from: Spellwing on August 16, 2018, 04:12:49 PM

The purpose is based on the goal of creation - the formation of a monetary unit that will provide free access and independent functioning in the virtual space - the Internet. Many compare the cryptocurrency with an ordinary electronic wallet, but in this aspect there are fundamental differences.
Cryptocurrency function only on the Internet. You can withdraw them only through an exchange for fiat money - a common currency.
Accordingly, such currency is used in settlements and transactions around the world, bypassing the multilevel exchange of national currencies.

You can have many other functionalities when it comes to bitcoin rather being used electronically as we all know, it can be used in issuing bonds and hopefully we will see that happening in the future rather than government bonds with empty promises, hope you have heard about physical bitcoins, it is the beginning state and we will have much more functionality in the future rather than being just a speculative coin and the real mission was to give the opportunity for everyone to trade freely without the intervention of the corrupt governments around the globe but governments are trying to restrict this market with regulations.

shollyen

jr. member

Activity: 344

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Cryptocurrency has a very good mission as far as transaction concerned worldwide.... Which I think part of the mission is to ensure there is a means of unlimited transaction all around the world with great ease. With cryptocurrency there is a better decentralized system of transaction.....

btcmaster999

newbie

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crypto are spread in the whole world. it mission is to connect whole world by online trading platform. here people can trading easily at anywhere and anytime. it is more secure and profitable. it is third party control free.

TheBitcoinBadger10

newbie

Activity: 261

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i think it has a very good mission. crypto are want to make easy transaction and secure our money. crypto mission actually to connect whole world in a platform. and make more profit for crypto people.

roller24

full member

Activity: 318

Merit: 100

I'm not sure cryptocurrency can change the world. But I know people who have been able to change their lives for the better thanks to cryptocurrency. Even this is surprising.

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