Are there any prospects for cryptocurrencies?
So, what is cryptocurrency in simple words and why is it needed in our world? Cryptocurrency is an electronic currency that has many advantages over traditional currencies such as the ruble, dollar, yuan, etc.
The Main advantage of this payment system is protection against fraud and deception. As well as independence from banks, courts and even the state.
This should already attract a lot of people to invest their finances in the sphere of electronic currencies. As to the benefits of cryptocurrency can be attributed to the limited number of produced coins, the reliability of the system (coins are impossible to counterfeit), the openness of the code. And some crypto-coins also have complete anonymity, which allows you to completely hide the identity and transactions of the owner of the wallet with coins. An example is such a coin as “Tkeycoin”, “Monero”.
The system on which each cryptocurrency is based is called Blockchain. If you do not go into details and various nuances, this technology is an ever-growing system of blocks with all the necessary information about the network (coin), distributed around the world. Each block has its own unique number. And the whole point is that each subsequent unit of the system contains information about the previous one. It turns out a kind of closed circuit, located around the world, which stores all the necessary records and transaction data.
This system will not be able to cheat or gain access to it, as the data storage is not located in any one place or computer, and it is distributed around the world.
Accordingly, even if you try to hack any block, which consists of the whole system, nothing bad will happen. Since the Blockchain immediately refers to all other blocks, it reads all the necessary information. And if it finds any discrepancy, then all the results of the hacker’s actions on hacking the network are nullified. And so far no one has been able to hack this development.
As you can see, the advantages of the cryptocurrency and the Blockchain system are full. Therefore, it is already possible to imagine how to use it correctly in the future, how great are the prospects for development and how it will affect all of humanity.
Just imagine, you are investing your savings in an asset that cannot be reached by someone’s long arms of the state or an ordinary thief. But increasingly in our world, ordinary people want to take their money, no matter what way, whether it is taxes or pure theft. All kryptonite that you will acquire and translate into your purse, kept there until such time as you wish to spend it. No bailiffs and pension funds will be able to block or take away your funds in the form of crypto-coins, just because they wanted to.
It turns out complete freedom of action and independence from others.
But, not only is the Blockchain system securely protected, it also allows you to keep your finances from inflation and rid the world of counterfeit cash. Any cryptocurrency can not be forged, as each new created coin has its own unique code and is entered into the Blockchain system, staying there forever. And in this proof you can always view the information of the system and find out whether this coin was ever created or not.
With inflation also helps to fight the limited issue of coins. When creating a cryptocurrency, the system code specifies the number of coins that will be created. And this number can not be changed in any way, because it will need to change the system code. And this, as you already know, is not possible. So this technology is one of the few that will help to keep your savings in full value.
And, of course, the advantages of this technology include the honesty of the Blockchain system itself. No fraud and deception in the exchange of cryptocurrency between users can be made. That is, to cancel the transfer, change the amount and so will not work. Due to the fact that the Blockchain system is decentralized and does not have any managed bodies and centers, it independently processes transactions between the transfer of funds from the wallet to the wallet without any third parties. Thus deceive or manage it does not work. And after the translation, all the information is additionally stored in the code system and remains there forever. And each user can view the properties of a transaction at any time. Which makes the system completely fair and transparent.
In General, it can be concluded that the cryptocurrency and the Blockchain system allows you to make reliable transactions without cheating and any fraud. And that as the technology is decentralized, it does not allow to destroy or hack the entire system, closing any center, office or base on one computer. After all, all transactions and transfers are stored and processed by a variety of system blocks distributed around the world. As a result, we get an independent mechanism for payment transactions, which avoids the control of public authorities, as well as the inflation of funds in the future (because. amount amount of cryptocoins is limited and fixed in the code system).
Conclusion and conclusion
Invest your money in cryptocurrency or not-it is the business of every person for which he will be responsible, both in principle and for any decision in our life. However, if you do not risk anything in life, then you will not achieve something special. If there is a chance to invest their finances in a promising business, it is necessary to take advantage of. Perhaps this is what will lead you to incredible success in the future. And cryptocurrency is just such a promising project, which will certainly be used by mankind.
For this 2018 year to buy a cryptocurrency that has not yet developed well enough and has great prospects for growth, can be very, very profitable, though risky. And an example of a successful investment can be those cases when people invested their funds in Bitcoin at the time of its inception. To buy this coin in 2009, when it only appeared and was trading for a ridiculous price of 1 thousand pieces for 1 dollar, was quite risky. But people were not afraid to risk their money, although they could invest it in anything else.
Then the cryptocurrency was or who unnecessary and just renewaldate technology. However, it has been a few difficult years for the crypto economy and now the price of bitcoin in 2017 was fixed at almost 20 thousand dollars, thus making the very first investors who bought this coin in 2009, billionaires.
Part of the free funds that each person spends on entertainment, recreation and bad habits can be spent usefully, investing in their future. No one tells you to invest huge amounts in cryptocurrency and everything you have. This should not be done in any case, because the crypto industry is a high-risk asset that can very easily go bankrupt and disappear. Invest in this asset is only free funds that you will not be sorry to lose. But investing in the right direction can be a very profitable business in the long term. The main thing is not to sit still and not to reflect for a long time on the risks and prospects of the whole world of cryptocurrencies.
If you want to find the second bitcoin, please read our project, which is being developed by Russian mathematicians and physicists, who conducted a lot of research in the field of crypto market. The project is called Tkeycoin.
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By creating an innovative network, we borrow the best from Bitcoin, Ethereum, DASH and other alternative currencies, mixing modern cryptography concepts and mathematical theories. Based on the world experience of IBM, Microsoft and scientific research, we have solved 3 main problems that prevented other cryptocurrencies from scaling.
The basis of the development of technology formed popular research, such as Game Theory, Claude Shannon’s Theory, Alan Turing’s Theory, Entropy of random numbers, artificial intelligence IBM Watson, developed its own programming language.
➡ More: https://tkeycoin.com/
➡ Read the research and projects in the technical documentation of Tkeycoin: https://tkeycoin.com/doc/en/whitepaper.pdf
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