The Crypto Revolution

So many things have been said about crypto and lots of predictions made too. In the heat of all the noises, smart people are milking cash from it. Just like humanity transited to the use of paper cash from coin, and coins from cowries and of course so many other item that humans had before now as currencies.

For those who would agree as myself, crypto is not just a currency of today but of the future. It is true that crypto does have some draw backs and surely, so many other currencies does have theirs too at some point.

Whatever currency that exists became successful because they were backed by trust. And if crypto like the other fiat is backed by trust across different nations of the world it would be as successful as those fiat currency.

What is happening across nations are collective distrust from which to some extent have devastating effect on crypto. Even so, it has proven to be strong. It go down when factors are against it and bounces back to a higher value when it succeed against those limiting factors.

Everyday, new feats caps upon the capabilities of crypto and it is fast becoming a viable alternative for payment in many transactions, especially online transactions.

The power of crypto is in the fact that there are no central control like there is in fiat currencies. And while fiat currencies are easily affected by internal political factors, crypto are not so affected but fairly stable or even appreciate handsomely during those times.

Although governments may seem to have valid reasons for taking some negative stances upon it and it is solely because they have no control as they do with fiat. Fiat currencies are not just national symbols but also power of any government. Understandably no government wants its power and control rivaled. Crypto removes that power and puts it to the power of the people where it truly belong.

The creation of the very first practicable crypto, bitcoin remain a mystery with so many narratives to its story. But ever since, it has grow through a not quite smooth journey but yet holding on.

Volatility is a nature of every kind of currency. That is, every currency is volatile but some are more volatile than others. And here, crypto so far is one of the most volatile currency there is today. However, it can be more stable if everyone especially governments across the world would start looking at it in a more positive light and putting policies in place that do not negatively affects it.

The age of computer that we are in today, no currency would be best than the crypto and it has scaled above many short comes that have be deviled the fiats when it comes to crypto. For instance, not so many online transactions accepts all national currencies and these in some ways brings discomfort to citizens whose nation's currencies are not accepted. But for crypto all these sorts of barriers are removed and equalizes trades.

There are lots of wastes when it comes to fiat currencies production. And periodically, monies are retracted from the public and replaced with newly minted ones. Also, transaction fees upon fiat currencies are too high. This is another point which the crypto solves brilliantly. The cost of producing Cryptos are low when compared to fiat currency production as once created then they remain so forever.

Another point in the fiat currencies are that they cause inflation. Every country's central banks uses fiat monies as tools to control national economy. And people become rich in an economy when the national currencies when policies on it favour's them. But this is not always the case with Cryptos as what affects one, also affects everyone and every individual have an equal opportunity using a Cryptos.

The above are the reasons Cryptos are revolutionary currencies.✊

Thanks for reading!