Is cryptocurrency the future?
If you got the money you got the powermoney is a tool that has been at the middle of human progress, and
as we tend to build larger and tackle complicated issues,
we're planning to would like the simplest tools offered.
What currency does is it actually allow us to agree upon the value of something? It's almost like a communication tool.
One way that you can do that is with money. You can incentivize people to try to work on the same thing at the same time. - We started off building simple systems like a bridge crossing a river to very amazing things like rocket ships.
We went from interacting with our neighbors to now transacting with each other around the world and that we wanna confirm that folks can move money freely, and our current financial system just doesn't enable that.
So the current systems are very centralized, We have big banks and big governments.
When you talk about the problems with the existing financial system, you can go to a situation like Venezuela, where the money is being printed and folks' savings are basically being destroyed.
The value of their wealth has been completely crumbled.
Everyone sorta takes this idea for granted, that if someone gives us money it'll be in our bank account and it's not gonna disappear or be taken away from us, and that's really a luxury that many people in the world don't have at all.
There are about 1.8 billion people in the world today who have a cell phone but don't have access to to any financial services.
What Cryptocurrency does is takes the stability that we have then give it to the rest of the world. If I even have a dollar, I can hand that on to somebody else.
There was no bank in the middle there. With digital currency and blockchain, it's actually more similar to cash, yet again, where I can send something directly to somebody else and that I don't necessarily have to travel through middlemen like a bank or a credit card company.
We can go back to how we normally transacted which is direct with each other, without all these giant central parties in between.
When computer scientists talk about the concept called decentralization, what they mean is to avoid this idea of a single point of failure.
A single point of failure like we have with institutions.
So you no longer need the middlemen to keep track of the internal ledger
All the work will computer do for you. That network effect makes it unbreakable.
The technology makes us richer and wealthier because you need less time, or less money, or less effort to get something done.
Even if you don't know much about cryptos you definitely should invest it is worthy of your investment
it is not just up to investment only.it has much better wide use which coming in countries live these days due to COVID-19 which crashes the world economy day by day
its impact are spectacular when people consider crypto, I feel they consider an investment. There's a lot of speculation. There's a lotta talk of prices and how much money has been raised.
But, it's really important to see past that. You can use cryptocurrency to buy goods and services and transact in the economy. That does not just send money back and forth.
A more global economy is vital because there's talent everywhere, but the opportunity isn't evenly distributed.
he also knows as the inventor of bitcoin and the first one who implemented blockchain
bit coin is the most powerful crypto coin in the world
but recently china launched its own crypto called Yuan in the competition of bitcoin
yes it legal and it became legal to other countries day by day
and many more countries
We have a global economy. We're planning to would like a world with digital
currency.
Cryptocurrency is gonna be a good democratizing
force for the globe as a result of it's gonna level the taking
part in field and permit anybody with a telephone to
access money services.
this is often getting to transform how we expect a few real global economies. Is cryptocurrency the long run?
What is Cryptocurrency?
It's basically digital money which is presently the most secure thing you got nowadaysI think so as to know its importance, we
tend to initial got to outline what currency suggests
that.
What currency does is it actually allow us to agree upon the value of something? It's almost like a communication tool.
One way that you can do that is with money. You can incentivize people to try to work on the same thing at the same time. - We started off building simple systems like a bridge crossing a river to very amazing things like rocket ships.
We went from interacting with our neighbors to now transacting with each other around the world and that we wanna confirm that folks can move money freely, and our current financial system just doesn't enable that.
So the current systems are very centralized, We have big banks and big governments.
What's so special in crypto why such a big fuss about it?
There's a ton of middlemen World Health
Organizations build things improbably inefficient.
When you talk about the problems with the existing financial system, you can go to a situation like Venezuela, where the money is being printed and folks' savings are basically being destroyed.
The value of their wealth has been completely crumbled.
Everyone sorta takes this idea for granted, that if someone gives us money it'll be in our bank account and it's not gonna disappear or be taken away from us, and that's really a luxury that many people in the world don't have at all.
There are about 1.8 billion people in the world today who have a cell phone but don't have access to to any financial services.
What Cryptocurrency does is takes the stability that we have then give it to the rest of the world. If I even have a dollar, I can hand that on to somebody else.
There was no bank in the middle there. With digital currency and blockchain, it's actually more similar to cash, yet again, where I can send something directly to somebody else and that I don't necessarily have to travel through middlemen like a bank or a credit card company.
We can go back to how we normally transacted which is direct with each other, without all these giant central parties in between.
What is decentralization?
When computer scientists talk about the concept called decentralization, what they mean is to avoid this idea of a single point of failure.
A single point of failure like we have with institutions.
So you no longer need the middlemen to keep track of the internal ledger
All the work will computer do for you. That network effect makes it unbreakable.
The technology makes us richer and wealthier because you need less time, or less money, or less effort to get something done.
so here is the main Big question-Should I invest Cryptocurrency 2021?
it is not just up to investment only.it has much better wide use which coming in countries live these days due to COVID-19 which crashes the world economy day by day
its impact are spectacular when people consider crypto, I feel they consider an investment. There's a lot of speculation. There's a lotta talk of prices and how much money has been raised.
But, it's really important to see past that. You can use cryptocurrency to buy goods and services and transact in the economy. That does not just send money back and forth.
A more global economy is vital because there's talent everywhere, but the opportunity isn't evenly distributed.
All that will matter is that you have a mobile phone and internet connection and you have skills and knowledge to learn and you can contribute to the global economy
and there is a big chance that the bitcoin price get spike again in the near future
Yes it pretty much possible as you can see in past the spikes come in crypto
and more and more crypto coin getting introduced
Is now a good time to buy Cryptocurrency?
Yes definitely because e-currency is backing down day by day due to COVID-19and there is a big chance that the bitcoin price get spike again in the near future
Can you become a millionaire with Cryptocurrency?
Yes it pretty much possible as you can see in past the spikes come in cryptoand more and more crypto coin getting introduced
What is the best Cryptocurrency to invest in?
there are many crypto coins coming but in the top of the chain, there are-
- Ethereum (ETH) ...
- Ripple (XRP) ...
- Litecoin (LTC) ...
- Tether (USDT) ...
- Bitcoin Cash (BCH) ...
- Libra (LIBRA) ...
- Monero (XMR) ...
- EOS (EOS)
Bitcoin is top of the chain and its present price-
Who owns the most bitcoin?
Satoshi Nakamotohe also knows as the inventor of bitcoin and the first one who implemented blockchain
bit coin is the most powerful crypto coin in the world
but recently china launched its own crypto called Yuan in the competition of bitcoin
Is crypto legal?
Cryptocurrency Legality by Country-
- India
- Nigeria
- Namibia
- South Africa
- Zimbabwe
- Canada (banned by banks)
- Mexico
- United States
- Costa Rica
- Nicaragua
- Trinidad and Tobago
- Jamaica
- Brazil
- Argentina
- Colombia
- Chile
- Kyrgyzstan
- Cyprus
- Israel
- UAE
- Jordan
- Saudi Arabia
- Iran
- Lebanon
- Turkey
- Pakistan
- China
- Japan
- Hong Kong
- Taiwan
- South Korea
- Indonesia
- Philippines
and many more countries
Can you get bitcoin free?
yes you can there a process called mining
lots of people mine bitcoin with their computers and devices and get free bitcoin
for more details, you can see in my article-How to mining bitcoin free updated 2020
CONCLUSION-
So the question Is cryptocurrency the future?
the answer is simple yes it is a new generation upcoming digital money
If you've got lots of people who are invested in each other's success literally, they're invested in each other's success at a
broader level.
I think cryptocurrencies are gonna be as impactful to
humanity's the internet has been. Digital currency and blockchain can bind us
in ways that we wouldn't be bound before.
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