Hello beautiful✨ people of #hive-learners community, and to every reader across the world🌎 greetings🙌 to you all form @youngmiliki and I welcome everyone of you to our weekly featured contents.
Week-06 edition-03
THE FUTURE OF CRYPTO.
```Cryptocurrency is definitely here to stay, it will take over the world some day and paper money might just be history. With such an evolution coming, what do you think should be done to make the crypto world an easier and better one, so that everyone can benefit equally from it. Please share your honest thoughts, we might learn a thing``` .
Cryptocurrency is becoming better and more better everyday by day getting known and getting more popular throughout the entire world. However, some might not be familiar with it or why its even a big deal. It's time to learn how Cryptocurrency will make the world a better place in the future and why its has come to stay.
Basically, Cryptocurrency is an electronic money stored in an e-wallets or in an computer files. And also Cryptocurrency is transferred and tracked by using a blockchain technology. This technology tracks every update or transfer chronologically. Then, it stores the information cryptically so that anyone can see it. However, existing data can not be changed.
Cryptocurrency may seem like a technology of the future. Yes it has, and it will definitely be, revolutionize the way we store money, pay for goods and services, and do business. Additionally, there are other ways that Cryptocurrency will make the world a better place for the future.
```What do you think should be done to make the crypto world an easier and better one, so that everyone can benefit equally from it. Please share your honest thoughts, we might learn a thing``` .
Reduce the risk of fraud.
Fraud is one of the biggest fear when it comes to almost anything relating to money. Whether it by transferring funds or by using a credit card on an insecure site, the possibility of fraud is there and is a big fear to everyone. This is especially true for those who have been the victim of fraud in the past. However, cryptocurrency is not associated with your bank account or cash funds and is transferred electronically and securely with the blockchain recording all transactions, that means cryptocurrency will play a big part in reducing fraud which will also give peace of mind.Change the money transfer process.
Wires and bank to bank transfers are faster and more efficient. However, they still have a long way to go. It can still take some transfers a week or longer to clear and be deposited - especially if the transfer is international. But transfer of cryptocurrency doesn't require all of the same checks and balances processes that banks do before funds can be deposited. Whether national or international transfer, cryptocurrency transfer are instant, don't require any fees and it can be tracked and securely stored in the blockchain. When the crypto worlds come we all will enjoy lives in peaceful way.Increase crowdfunding.
Crowd funding is an increasingly popular way for entrepreneurs to raise money for their concepts or products. Investors can make small investments instead of larger investments. Therefore, this mitigates risk. Without the risk, more investors want to get involved. However, cryptocurrency will make the world a better place as it continues to positively impact crowd funding.Make e-commerce stronger.
It seems like everyone makes most of their purchases online nowadays, although it's much more convenient then driving from store to store finding a specific item to purchased. Not only does the use of cryptocurrency reduce the risk of fraud for shoppers, but it does the same for the vendors and sellers as well. However, cryptocurrency transactions are permanent. In addition to the mitigation of risk, using cryptocurrency would creates more opportunities for world- wide business.Keep companies and individuals accountable.
Unfortunately, there are numerous companies and even entire industries out there that follow corrupt and illegal practices. As consumers, we want to ensure that the businesses we buy from are run with integrity. However, cryptocurrency will make the world a better place by changing this process. Blockchain technology which is behind cryptocurrency, can not be changed like the traditional currency. Using crypto and blockchain technologies will keep companies and individuals accountable. Also, consumers know more about the companies that sell to them.Give people control of their own money.
Many people are wary of banks and financial institutions, but due to numerous factors, keeping all of their cash in their home is not the best option. However, cryptocurrency allows the control of money to be transferred from the banks and back into the hands of the people. It is not subject to the rules and regulations imposed by banks and other financial institutions. Anytime that people can get control over their own money, it's a good thing. And that's just another reason why cryptocurrency will make the world a better place in the future.
Thank you guys for your time and I wish you guys a beautiful weekend with peace❣️ @youngmiliki.
