Let me talk about the future of cryptocurrencies
Cryptocurrencies simply and without introductions will be a new currency trading method that we will deal with and will gradually grow over the years to be officially recognized. Before ages, we started with fiat dollars and fiat currencies, and now we are heading to the future of digital currencies.
Security in terms of currencies
This does not mean that all or some of the digital currencies are safe, not on the contrary, most of the currencies that are offered are just fictitious projects built without assets and are not held accountable, but their project is known like the idea of stocks by looking at the white paper for each project.
The best digital currencies
Let us say that the two best projects currently in the eyes of everyone are the two currencies Bitcoin and Ethereum (digital gold and silver as some call it) to simulate their movement for the same movement of gold for silver.
The presence of competitors
This does not mean that there is no competitor on the scene because most countries will participate in the work of strong projects to compete with the leading digital currencies, such as the "Neo" currency called Chinese Ethereum or Ethereum Killer (Chinese Ethereum). Transport over its networks recently.
Digital currencies
New digital currencies are projects that are carried out according to a team that manages and works to develop them, including those who have a successful project idea, such as "developing blockchain networks" such as the Ethereum and Neo currencies, or the idea of Bitcoin similar to gold (digital gold), which is considered a safe digital haven in times of war or Protection from annual inflation. "Bitcoin" began its idea similar to gold that is either mined or mined ("mining" is done through processors and powerful screen cards that solve complex mathematical equations at certain speeds to obtain parts of Bitcoin) and it has a certain number of pieces that cannot be overridden or modified by anyone because of Spread of his code.
Safe haven?
Digital currencies are currently considered a boom in their inception. We are now entering the eleventh year of the beginning of the first digital currency, "Bitcoin", which is not considered a safe haven for countries and has not been recognized at the present time by banks. Despite its spread and investment by the richest person in the world, "Elon Musk, owner of Tesla Electric Vehicles" and its approval by the most famous companies as a source of payment and acceptance of the first Canadian investment fund and the purchase of quantities of it from some famous stock companies, until this does not allow it to be safe at this time .