Topic: Why cryptocurrencies necessary in today's world - page 4. (Read 452 times)

crypto is needed bcoz it is decentralized and have limited supply .
prefer it over fiat bcoz many nations print fiat without any backing and unlimited supply .
crypto assure us that our money is in our hand , not in bank .

Cryptocurrency is the method were in we can transact online. It's a peer to peer decentralize just like bitcoin with any hassle at all. We can send online whenever, wherever in the world by surfing in the internet we can send and receive it's an innovative money online transaction which can help the future generation with no paper money involvement.

Where do we use these Cryptocurrencies in today's world?
Cryptocurrencies can be transferred and received easily irrespective of where the sender and receiver are located. They can be transferred from one continent to the other without any difficulties. One doesn’t need to join the usual long queues at banking halls as we do when transferring cash or withdrawing. The only threat to Cryptocurrencies is internet which isn’t a big deal in today’s world.

Everyone wants regeneration in all aspects of their lives. The current payment and financial system needs to be refined to become the best financial system with priority on security, justice and transparency. With blockchain and cryptocurrency, all these needs can be met. This means that cryptocurrency is very helpful for people to revolutionize the financial system

Why Cryptocurrencies are neccesary in today's world?

Nowadays technology improve. Technology help to connect the most of the country and country people for improve the business and country improvement. Cryptocurrencies is digital currency. So it use any where and  exchange any country currency. It any time to use. It save the time. If use currency it will change the price other country currency. So it not easy to exchange.
Nowadays cryptocurrency is important for all country and country people future saving and future growth.  

What is the real world use of these cryptocurrencies?

Cryptocurrencies system and online network process. So it reach the all country people and easy to use. People learn more information from cryptocurrencies and improve knowledge. It good opportunity for future business improvement. It online process so it use any country. It change the world.

Why traditional assets and currencies are not enough?

Now traditional assets value is some time go down and currencies value also go down. Nowadays currency change all country. So traditional assets and currencies not use it.

What is the benefit of having bitcoin over dollar or any other currency?

Dollar price is change the other country currency. But bitcoin price is same in all country. So it good opportunity for future saving and time to invest. Time is important for this process. So follow the coin price in the market place. Bitcoin is good to use. Dollar price is affect the other country currency price. But bitcoin is never affect the other country  currency.

Where do we use these Cryptocurrencies in today's world?

Cryptocurrency is now reach the all country people and it digital currency. So it any where to use and easy to exchange any country currency. But price is not stable. So you know the price list. Check the market place then get more information for the cryptocurrecny. It help to improve your business in all country.

Cryptocurrency is one of the best thing that technology brought because it is decentralized, convenient and an innovation that has a really good use for everyone. It will bring ease to businesses, investors and individuals. It also became a good way to distribute wealth since everyone can be a part of a big project.

no one should undermine the power of blockchain and the decentralization of cryptocurrencies. ethereum blockchain is the second generation of blockchian offering smart contracts which can be used in real life..

The current monetary system is corrupt, new money bitcoin brings decentralization, no entity can control it. They are mostly efficient, but rather than cryptocurrencies, talking about the tech is more meaningful.

Let me not answer your questions on the items, but offer a concept of peace with the use of blockchain technologies.

1. Some things that people necessarily tokenize in the future are: personal investment accounts; salaries; property rights to real estate, assets, or companies; personal data (which you create every day on an Apple Watch or Fitbit).
2. Just imagine future applications of enterprise level, working on the blockchain and administering thousands of tokens for processing, storing and maintaining the security of information.
3. Blockchain security is also a great solution for the Internet of things, it will make it virtually impossible to hack into this ecosystem.
4. Also, don't forget about the video game industry – incredible computing power will be used on supercomputers at the other end of the Earth, when you play on your computer.
5. Decentralized social networks: unlike their centralized competitors, such networks will not be controlled by a Central authority (which collects and sells your personal information), and content creators will be rewarded for their work.
6. States will also be interested in blockchain technologies and can integrate them into their activities: storage of classified information, identification of citizens, management of social protection, smart contracts, elections and even urban/public administration…
7. This can happen even earlier than you expect! In the future (not in 2018), a "decentralized big Brother" may appear – a city operating system that will cut costs and improve efficiency in all areas.
8. Combine blockchain and Artificial Intelligence – and you'll be able to manage transport services with fully Autonomous electric vehicles; build streets and buildings, saving energy; use smart contracts to respond to emergencies, provide utilities, monitor crime and more.
9. If the common system is centralized, it will necessarily be hacked, and then our life will turn into chaos.
10. Finally, I see the huge potential of blockchain for investing in real assets, the reason is simple: the cost and cost of investing in real estate will be sharply reduced after the elimination of intermediaries. It will also allow people to buy real estate without geographical restrictions. No need to wait for registration or open a Bank account. All transactions will be processed through smart contracts. The barriers to entry into this market will decrease.
11. Thus, there are at least three real possibilities of blockchain application in real estate: real estate funds, digital assets secured by real estate and tokenized property rights. Would you buy a house with a decentralized platform? I would buy!

The old fiat currency system will not let its monopoly just go way and will fight to the last breath and many innovations and millions of investors and crypto fintech users will be sacrificed.

Why Cryptocurrencies are neccessary in today's world?

-because banks are slow and expensive.

What is the real world use of these cryptocurrencies?

-smart contracts, privacy coins, limited supply

Why traditional assets and currencies are not enough?

-currencies can be printed unlimited, most assets needs physical handling.

What is the benefit of having bitcoin over dollar or any other currency?

-Limited supply, store of value, decentralised

Where do we use these Cryptocurrencies in today's world?

-Cabs, stores, coffee shops

Looks like you are making the project in your university and decided to get an answer to all your questions just in one post on this forum
Answering generally - nowadays they are not so necessary as they can be. Bitcoin now is something like one of the Tesla's inventions - they were too innovative for the time they were invented.
Bitcoin is not something from the future, it is right in place and in time, and world is ready to accept it. But not the big market makers, not the governments. Bitcoin will literally kill them.
So now it is in that stage when not only geeks are interested in bitcoin and other crypto , but people all around the world don't use it every day.

Cryptocurrencies are decentralized, democratic, no govt controls them, these are truly global and borderless assets backed by the innovative blockchain technology that makes them the need of the hour and definitely big part of the future economies.

At the moment, the main value of crypto-currency is the absence of borders in payments between different countries. The second value is a means of raising capital for startups (simpler, faster, more convenient). I am confident in the future we are expecting a wider and more applied use of bokchain technology

Plz explain where it's using right now in real life i know cryptocurrencies has the potential to hit main stream someday but right now i don't see it anywhere.

We need extra income or become trader for living in this time prices are going up. And investment in cryptocurrency and trading also with participating in airdrop and bounty will help contribute for daily spenses.

Cryptpcurrencies are used in so many ways of our daily life. If you want to earn something by investing you can do. If you want to purchase or make transactions where cryptos accepted, you can do. Even its popularity is going so high that it would replace physical note in future.

Cryptography is developed by many ICO projects, based on the form of cryptographic operations that they release tokens for capital mobilization. Investors saw high returns from the cryptographic market and attracted a large number of investors. Encryption brings many benefits to some countries.

Why Cryptocurrencies are neccesary in today's world?

What is the real world use of these cryptocurrencies?

Why traditional assets and currencies are not enough?

What is the benefit of having bitcoin over dollar or any other currency?

Where do we use these Cryptocurrencies in today's world?

Newly Added Questions

What benefits real cryptocurrencies gives you?

Why you are so excited by the introduction digital currencies?