Kennysplash
Verified member
Cryptocurrency is a digital currency that has been available for over a decade. It offers people a worldwide alternative mode of payment apart from the Fiat or local currencies. Ever since the first inception of the first cryptocurrency which is Bitcoin in 2009, the world has seen hundreds more cryptocurrencies emerge. But what has been its effects on the world in general?
Many people have actually become rich through cryptocurrency. Some invest in it, some trade it and this has benefited a lot of people.
Also cryptocurrencies offer an alternative mode of payment for products and services rendered throughout the world.
Furthermore, it offers absolute anonymity you can never figure out who owns a cryptocurrency wallet by the address.
I think it's only disadvantages are market fluctuations and no security in case of loss. But still if you weigh these advantages and disadvantages we will see that cryptocurrencies has certainly done more good than harm.
Many people have actually become rich through cryptocurrency. Some invest in it, some trade it and this has benefited a lot of people.
Also cryptocurrencies offer an alternative mode of payment for products and services rendered throughout the world.
Furthermore, it offers absolute anonymity you can never figure out who owns a cryptocurrency wallet by the address.
I think it's only disadvantages are market fluctuations and no security in case of loss. But still if you weigh these advantages and disadvantages we will see that cryptocurrencies has certainly done more good than harm.