With the advent of digital age, a new form of currency has evolved in the form of cryptocurrency. This form of currency is purely digital, decentralized in nature, and relies on cryptography for security.## Pros of Cryptocurrency
- Autonomy: Cryptocurrencies provide the users with autonomy over their own money more than traditional currencies.
- Transparency: The details of the transactions are recorded and available publicly.
- Accessibility: Cryptocurrencies are accessible to anyone with an internet connection, providing opportunities for people with no access to traditional banking systems.
Cons of Cryptocurrency
- Volatility: The values of cryptocurrencies can fluctuate wildly.
- Scalability: The current leading crypto technologies face issues with scaling up and processing large numbers of transactions quickly.
How It Works
Cryptocurrency works through a technology called blockchain. Digital currencies use this technology to decentralize, secure and trade units. The transaction process is conducted and confirmed by the cryptocurrency network. Read More
Leave a Reply