Aloha, It is me chantel again, I am gonna tell you all a little bit more about what I am learning on my crypto journey. One of the many things that I am learning in the crypto world is why crypto is so important? I found this out so far on why cryptocurrency is so important. Crypto is so important because hearing and seeing everywhere that cryptocurrency is not going away, or be limited to 100 years as others may speculate: however also learning that transactions are fast, digital, secure and worldwide, so that means in essence allow the maintenance of records, without risk of data being pirated. So fraud is actually, minimized.
Also the cryptocurrency markets are currently all over the place. So with that being the case one should bear in mind maybe this: outside of Bitcoin and Ethereum, there are a number of high quality digital token and coin issuers, with excellent backers and management along with good AML procedures in place, a great business model, etc.
In terms of importance, one other key item to note is that as cryptocurrencies become more widespread, it is really the decentralised ledger technology, blockchain, upon which crypto is actually based, which is the literally the true masterpiece. Well it really does need to be taken into account that crypto is a form of currency that has been in existence for approximately only 10 years. It isn't gold and it isn't flat. That is brand new technology which has already illustrated it's ability to fundamentally disrupt the global financial system, But it isn't perfect by any stretch.
That is all for now, please stay tuned for more posts
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