The world economy and cryptocurrencies a detailed guide0 commen
The digital assets called cryptocurrencies are a kind of digital currencies that are usually used to exchange FIAT money without any intermediaries, which are totally decentralized transactions and in some cases totally anonymous, but I must emphasize that they have a good point in favor guys and the point in favor is that every time there is an inflation or a very serious financial problem cryptocurrencies can save us from that crisis friends. For this very reason cryptocurrencies were developed in 2008 after a big financial crisis.
Cryptocurrencies can be categorized as digital assets that have a great impact on the world economy today guys, with this I mean that in this publication, we can explore various concepts about this type of assets and one of the most striking is that cryptocurrencies today have provided us with several ways to pay online, for example, for countries that sanctioned or with some economic problem, cryptocurrencies can be the solution for many, in the case of Venezuela it is almost impossible to get an account in dollars guys.
How do cryptocurrencies work?
How does theDigital assets are the most efficient and totally safe way to carry out financial operations, but that if we have to be very careful to whom we transfer our money guys, in this decentralized world there are a lot of very frequent online scams, I can say in this article that absolutely every day there are scams with cryptocurrencies guys, so I recommend to be very careful with this.
A blockchain is simply a unique and public record where all transactions of these cryptoassets are stored, each cryptocurrency should have its own blockchain in a certain network, for example the main Ethereum (ETH) network which is one of the most known. But I must point out that all user transactions are fully traceable but the user's information, such as phone number, name and those personal things are with a very strong cryptography and it is almost impossible to be traced.s cryptocurrencies?
Advantages of cryptocurrencies
Advantages of cryptocurrenciesCryptoassets over the years have been a key target for centralized transactions, that is, to deal with the financial problems that arise today, previously I wrote something similar to what happens with global financial crises guys and cryptocurrencies can solve this problem in a very effective way and with an incredible success as they have been doing over the years, since the creation of the Bicoin (BTC) many people have strengthened their finances thanks to many factors, as can be the decentralization or trading of the same.
The main advantage of cryptocurrencies is that they do not depend on any financial or governmental entity to make purchases or any financial transaction, be it a house, a car, a TV or anything that comes to your mind and that is why in my personal opinion I think cryptocurrencies are a very important solution nowadays.
But have you ever asked yourself this question: Why are cryptoassets so important for today's global economy? And they simply are important, but what would have happened if cryptocurrencies had not been created? I think that if cryptoassets had not been created today we would have declined in our finances due to so many financial crises and as I have said before it is a key point and very favorable for most of the 3rd world countries.
Disadvantages of cryptocurrencies
Cryptoassets are mainly based on a diversified speculation in order to protect us from crises, in some cases for investment but we have to keep in mind that just as they can rise 1,000% in a year they can fall to 500% in a year guys and this way we would be losing all our money and I think that cryptocurrencies are a very delicate issue when we talk about investment.
I hope you liked the article guys, this has been all for today, much success for your personal finances, a big hug, see you in the next post.
Kolus290.
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