Cryptocurrency is the true revolution and not the blockchain.
Many people think that cryptocurrency is not revolutionary innovation as compared to blockchain. In other words, if there is no such thing as a coin that is more powerful than Bitcoin, how would investors get a real and certain chance of success in investing? I would say that cryptocurrency is just another financial instrument that stands behind a real currency.
Cryptocurrencies
still have some faults. There are some weaknesses that the cryptocurrency will
have to address before it has a chance of taking over the markets as an
independent currency:
Accessibility
– I can't imagine investing in cryptocurrency directly as an investment when
the market is very risky and fluctuating. Most investors will never consider
investing in cryptocurrencies if there is no place to buy coins or directly
from a well-known exchange.
The
blockchain is a promising technology and, if it fulfills its potential, it
could change the way we interact with banks, governments, and many other
industries.
But the
cryptocurrency is the true revolution. That’s because it may eventually change
the very nature of how we interact with money. Digital Yuan is the latest and
leading digital currency in China, which is going to rule soon.
Why
cryptocurrency is a revolutionary innovation
Blockchain
is based on cryptography, a relatively modern field discussed as an application
for a variety of uses for almost half a century. In the past, its main focus
was the banking sector: the creation of electronic cash transfer was performed
by the banks but was presented as an expensive and difficult process, taking
weeks to make. Only recently, blockchain technology has been applied to various
other fields. The blockchain has become known among some companies for being
the means for transferring payments. It is an integrated system of servers that
work in a trusted environment (not with your money, but without a third party).
Here
are four reasons why the cryptocurrency is the true revolution and not the
blockchain:
1) It
can be sent across borders for next to nothing
2) It
can be sent without knowing the other party
3) It
is decentralized and hence not dependent on a central institution
4) It
is not based on a physical commodity like gold
Conclusion
Cryptocurrency
and blockchain technology have an intrinsic future and together can become a
new era in finance and business. If you are concerned about Bitcoin and another
cryptocurrency bubble, it is time to invest in cryptocurrencies. Please share
your opinion, experiences, and advice on this market for the many people trying
to evaluate Bitcoin and other cryptocurrencies. The blockchain is not the
revolution. The idea of a revolution was that it was going to produce dramatic
changes in society. The blockchain is a technological change, not a social
change. There are many secured, legal, and
authorized platforms for trading, such as YuanPay Group.
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