Crypto currency is indeed a way forward it is a new alternative to financial sustainability. With many advantages and it's quite reliable, highly decentralized and your privacy secured, in the sense that no one knows your transaction in crypto unless you let them in, you are free to earn as much token as you can without being interrogated. It's is beyond restrictions and confiscation
These and many other reasons I will unfold will make you agree with me that crypto is indeed a way forward. Investing in Crypto is easy and secured before I go further let's expatiate the subject matter.
Crypto currency is an online/digital money, that uses cryptography which protects it against counterfeit. This means that crypto currency is highly a secured currency, more than the Fiat money that can be easily manipulated. In crypto currency there is a technology they run on which is called blockchain, a well mapped out method for ensuring sincerity in crypto currency transaction.
Blockchain technology is safe and robust and thus ideal for storing and processing sensitive information. The most important aspect behind blockchain is that the processes are not completed by one, but by many computers, simultaneously. Which makes it more safe and secure.
Types of crypto currency
Crypto currency is of different types and otherwise called token.
Bitcoin:
Bitcoin is the first crypto currency to be created and one of the most commonly known crypto currencies, Bitcoin is considered the most valued, It was created in 2009 as open-source software. A bitcoin transaction is open to everyone but only the owner of the Bitcoin can decode it using the private key. Bitcoin was created under Satoshi Nakamoto and the smallest unit of bitcoin was named after Satoshi
Bitcoin was created solely for transactions these transactions can be viewed although they are secured through the algorithm within the blockchain.
Bitcoin Cash
Bitcoin cash is a cryptocurrency that is a fork of Bitcoin. Bitcoin Cash is a spin-off or altcoin that was created in 2017. In 2018 Bitcoin Cash subsequently split into two cryptocurrencies: Bitcoin Cash, and Bitcoin SV. Bitcoin Cash is sometimes also referred to as Bcash.
Ethereum
Ethereum is another popular crypto currency created in 2015. It is a highly decentralized blockchain, meaning not controlled by anyone. Ethereum is programmable, that is other applications can be built on it.
Right now, thousands of developers all over the world are building applications on Ethereum, and inventing new kinds of applications, many of which you can use today they include;
Crypto currency wallet: that let you make cheap, instant payments with ETH or other assets
Financial application: that let you borrow, lend, or invest your digital assets.
1UP
Is a crypto currency, it is the token used in Uptrend, founded in 2019 by Jeff Kirdeikis
Reasons crypto currency is a way forward.
1. Decentralisation exchange:
In crypto currency belong to a decentralized market, where technology enables investors to deal directly with each other instead of operating from within a centralized exchange, that is no third party, it allows P2P format. Peer-to-Peer.
This is a feature of cryptocurrency that makes it stand out on its own, doesn't depend on anyone or group as the third party, because users do not need to transfer their assets to the exchange, decentralized exchanges reduce the risk of theft from the hacking of exchanges. Decentralized exchanges can also prevent price manipulation or faked trading volume.
2. The Value
Fiat money derives its value based on Government policy or the value allocated to it by the government but the value of Crypto currency is based on the popularity of the token, this means the more token circulates the higher the value. Although this value grows or reduces with time. Imagine holding a token and the price boom, it will be like winning a jackpot
3. Free from inflation
Fiat money is subject to inflation because they can be printed anytime, a crypto currency like Bitcoin has a fixed supply of 21,000 000 which makes it scarce and valuable, with this nothing like inflation in crypto. This serves the economic purpose of regulating too much money in circulation and maintaining the value of currency.
4. Easy to Invest
Although some said investing in Crypto currency is risky cause it's hard to track which token will boom, yes it's true but there are some services that have made tracking so easy, like the coinmarketcap, coinGecko. These are services that help you monitor the activities of each token in Blockchain to know which one to invest in, with this you can make the right decision on which token to hold.
5. Little or no fixed capital
Crypto currency is one of the business you can start with little or no fixed capital and you still benefit, take for instance you register with most platforms like Uptrennd.com, Minds, read.cash and the rest, free of charge and you still get rewarded in a token which you can convert to your local currency at any time.
Another example is crypto pick, I have made some Ethereum from betting on crypto pick even without paying a dine. Which business that deals on Fiat money can offer you such an opportunity? I guess none.
6. Privacy
The privacy policy in crypto currency makes it unique and the best form of transaction, no matter the amount of token you hold, it's strictly secret, away from government supervision.
Crypto currency is accepted in many countries now due to it's foreseen benefits. All these advantages makes crypto currency a welcome development.
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