The 5 reason why you should go for Cryptocurrency

The 5 reason why you should go for Cryptocurrency

By Crypto Beeporter! | CRYPTO PROJECT | 13 Mar 2020


Good Day Everyone! Today, we would like to share some ideas about Cryptocurrency. As you can see, cryptocurrency today is everywhere. Slowly, people around the world embrace the crypto thingy however there are still some or more like 20% have a very limited knowledge about cryptocurrency. 

 

Let us first define what is cryptocurrency.

 

Cryptocurrency is best describe as a digital asset which designed to work as a medium of exchange. Satoshi Nakamoto the inventor of Bitcoin, which is the first and the most important cryptocurrency. He said on his announcement of Bitcoin way back 2008 that he developed "A Peer-to-Peer Electronic Cash System."

 

Heres the 5 reason why you should go for Cryptocurrency

 

1. Fraud-proof. 

It was tested that all confirmed transaction are secured and stored in a public ledger in which that maintains participants identities and also their respective cryptocurrency balances. Because currency is decentralized, you own it. You are ensured no one will ever access it. 

 

2. Identity Theft 

With the help of ledger, it ensures all transactions between "digital wallets" can calculate an accurate balance. This public ledger may also reffered to a "transaction blockchain". Blockchain Technology ensures secure digital transactions through encryption and smart contracts in which nearly impossible to manipulate or hack. 

 

3. Instant Settlement

It finds the easiest way for us to transact, all we need is a Smart Phone device, an Internet connection and you may begin your stuffs (such as money transfer and making payments). 

 

4. Accessible 

Whenever or wherever you are it is accessible as long as you have Smart phone with you and a good Internet connection. It's very convenient, no hassle. 

 

5. You are the owner. 

The most important feature of a cryptocurrency is that it is not controlled by any central authority. Your account is only owned by you. 

 

What was the first thing that crossed your mind when you heard about cryptocurrency? Share your thoughts about this and just comment below.

How do you rate this article?

3


Crypto Beeporter!
Crypto Beeporter!

Crypto enthusiast. trader and content writer


CRYPTO PROJECT
CRYPTO PROJECT

This page helps me a lot --> https://www.facebook.com/BlockchainDCT/

Publish0x

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.