National Cryptocurrency- the next big thing

Standing at the last quarter of 2020, no one can deny the importance of a national cryptocurrency for every country. People of all around the world are getting the benefit of cryptocurrencies everyday.

Let's get to the scenario when it all began. The concept of bitcoin and blockchain based currency was just rising. And the mass reaction to the whole concept of blockchain based currencies was that they just doubted it. Even the government of all the countries reacted the same way.

As days started going by, people understood it and started using it. That's when the government became cautious. Because, bitcoin had become a internatinally tradeable currency that government had no hold of.

For this reason, many countries ban the use of bitcoins. Like China has forbid the trade of bitcoins in their country.

But recently, there is hope. Russia was the first nation to think a natinal crypto. Vladimir Putin was the first one to propose a national blockchain based currency named "Crypto Rouble". In 2018, Petro/ Petromoneda, a national cryptocurrency, was launched by Venezuela.

We can hope that within next 5 to 10 years, most of the countries will launch their own natinal crypto.

To materialize that hope, the concept of blockchain needs to be understood by the mass. Then it will be possible to launch a currency using the blockchain concepts and the mass will be ready to use that.