Cryptocurrencies are becoming a worldwide phenomenon. You can use them to buy goods or services. Think of them as arcade tokens or casino chips. You'll need to exchange real currency for cryptocurrency to access the goods or services. Our current banking system is centralized, meaning the power lies in the hands of one community. This gives the center the unfair power of making any changes as per their wish.
Cryptocurrency solves almost all the problems related to the current centralized currency system. It is completely decentralized and maintains transparency through its public distributed ledger. Also, it is secure because of the immutability of transaction data. Most big countries of the world are now opting for Cryptocurrency.
Three things that make cryptocurrencies the ideal currency:
- The data and transactions are safe as it works on blockchain technology. Also, the use of cryptography makes it hard for hackers to get into it.
- No inflation as the number of tokens is...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...