Cryptocurrencies PROs and CONs

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Mounia
Analyst, Morocco
A cryptocurrency is an electronic means of payment and payment system that uses a peer-to-peer network which is fully decentralized and has no server or central authority. Characteristics of cryptocurrencies are: DECENTRALIZED: In traditional forms of currencies, central authorities and banks have control over the financial system while virtual currencies have no central authority. IMMUTABLE: Transaction records are accessible to the public and it's extremely difficult to change them. SCARCITY: Cryptocurrencies have a maximum supply which make them deflationary. ANONYMOUS: Cryptocurrencies have a decentralized network of users that create anonymous digital identities that they use to make transactions and authenticate them. The first version of cryptocurrencies and the most prominent one is the Bitcoin which first appeared in 2009. The absence of a centralized third party and the anonymity that characterizes virtual currencies make it harder for regulatory bodies to (...) Read more? Sign up for free

  Meheresh
Management Consultant, India
 

Currency - Comparison with Crypto Currency

My 2 cents… Let us regress it… From Crypto Currenc (...)

  Meheresh
Management Consultant, India
 

Issues with Crypto Currencies

DForce, a Chinese decentralized finance protocol, (...)

 

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