Even God in his infinite knowledge knows that time shall come when money (world fiat currencies) will fail and disappoint humans (Gen.47:15). God's word is proof that money failure in our contemporary time is not strange news.
Globally, we experience and encounter currency fluctuations now and then. Entrepreneurs, businessmen, individuals, and even the government have in the quest for how to surpass this great challenge facing most countries of the world tried but to no avail.
The heartwarming news is this, great men with unique potential have discovered something above our normal world currencies, in fact, something" worth even more than gold". Yes, I mean something qualified to be called a goldmine, and that thing is –Cryptocurrency.
The record has it that a claimed Japanese named Satoshi Nakamoto was the first known person inventing Bitcoin, implementing the first blockchain, and making use of the first decentralized digital currency.
Bitcoin, being considered the first cryptocurrency was founded in 2009 by Satoshi, a Japanese programmer.
I doubt if the word cryptocurrency is a new word to you. But for those coming across the word for the first time, one thing you should know is this, this currency is worth a goldmine.
What then is cryptocurrency?
Before I go on to tell you what this goldmine is, I would like to reassure you that it has come to stay. Unlike some old currencies that came and faded away both in value and usage, crypto is going nowhere. As a matter of fact, it might be the last resort.
Cryptocurrency is a digital currency in which transactions are verified and they maintain records through a decentralized system using cryptography. This currency is a digital currency because even though it cannot be touched, it can be primarily managed, stored, or exchanged on digital computer systems, especially over the internet.
One of the significant things about this currency is that it is decentralized in operation. This means that you do not need the government to be in control of this currency flow. You are literally in charge of your activities without being monitored by any corporate or government body. It is so because this currency does not need a bank for transactions to take place. Just with an internet-enabled phone, your bank is there in the palm of your hands, making it easier for you to transact. Isn't that wonderful!!.
This digital currency makes use of an operating system called cryptography. It is one of the safest means of transaction. This is due to its usage of encrypted data that makes it difficult for a third party to have clear and easy access to transactions between the two parties involved.
Surprisingly, markets and companies globally are beginning to embrace the high potentials of this currency thereby accepting it as a medium of exchange, and payment for goods and services.
Why you should embrace cryptocurrency
Frankly speaking, cryptocurrency puts you in control of your world as far as finance is concerned. It operates in a decentralized system—meaning that the currency does not flow from the government. With this in view, you already know that you are in charge, there will be proper circulation, and you get a value that is higher than monetary value.
The sustainability of this currency cannot be overemphasized. Other benefits of this currency include but not limited to;
Security
When it comes to transaction security, crypto still proves to be the best. This is due to its cryptographic system of function. For instance, the simple method required to buy a coin into any crypto wallet is just the id in an encrypted format. This helps to protect the buyer's identity and furthermore prevent unforeseen future fraud.
During and after transactions, there are no traces of identity, unlike banks where your identity can easily be traced making you prone to future fraud.
Dismantles the affairs of the government.
Crypto functions In such a way that there is no middle man, not even the government is involved in your dealings and transactions. It makes for person-to-person transactions or peer to peer system (P2P). In the crypto world, your wallet becomes your bank that carries your currency making it easier for you to operate at the very comfort of your home. Can't you see how digital that is !!.
Low transaction fees.
Due to its decentralized form and nature, government interferences are eliminated. Taxes imposed by the government on the course of transactions with the normal currencies are removed when this digital money is in use. This, therefore, makes both local and international buying and selling less expensive.
In conclusion, I will emphatically say that crypto is the future of tomorrow.
I will always regret each passing day when I realize that I did not dive into this world of "gold" five years ago that I was informed. All my friends from five years ago who picked interest are millionaires with credit going to crypto.
But, it's never late, since all I see in the future is crypto.
Do you want to trade crypto?
Do well to ask us.
If it is not crypto, it's not a goldmine.
Even though new cryptocurrencies are invented daily, the more common and prevalent currencies in existence include but are not limited to; Bitcoin (BTC), Bicoin Cash (BCH), Ethereum, Binance (BNB), Dogecoin, Litecoin, etc.
