Cryptocurrency: A Revolutionary Story

Cryptocurrency: A Revolutionary Story

By troynamps | Life Opinions | 25 Mar 2020


Change is inevitable and history is always bound to repeat itself. It's a part of nature and we cannot control that. As living beings we constant change, it makes us more alive.

In the beginning of times there was not any medium of exchange. There was the unfair and manipulative barter trade where one of the two was always losing more that the other. Imagine having to pay a fat cow to get two goats. Although the quantity would be impressive, quality was otherwise.

Then people started discovering diverse minerals which they gave value and started making coins. These became the money, but it was too much to carry around. It was heavy of course. Carrying a hundred coins worth just a dollar. Something needed to be done.

Next paper money was introduced. You can even have a hundred dollars worth of money in just one piece of paper. However, it's still a risk to have so much money in your possession. You can either lose it or it can be stolen with or without your knowledge.

Now came the revolution of money. What about the kind of currency that you don't have to carry around in briefcases? Imagine that currency that is decentralized and can change everyone's lives if handled properly. That's when cryptocurrency stepped in and said, "you don't need cash, you need digital money." Money that you know for a fact that you own, but do not necessarily want to have it in hand. You can use it anywhere and anyhow at any time as you please.

Does It Come Without Challenges

Like anything else under the sun, cryptocurrency still has its own challenges. The major one being the sprouting of predators all over. There's a lot of fake companies online that have milked people dry of their cryptocurrencies under the disguise of investment. You deposit your money today and you'll never see it again.

It is always advisable to always do a thorough background research on a company before investing your cryptocurrency. Once you send it out of your wallet you can never get it back. Trade wisely!

 

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troynamps
troynamps

I'm an Electronic Engineering Student


Life Opinions
Life Opinions

I write about life situations and my opinions. I hold no authority, but it's just creative thinking and writing at play.

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