23 Nov
Fidyo

Cryptocurrencies

Nowadays cryptocurrencies have become a global phenomenon known to most people. Few people know, but crypto currencies have emerged as a by-product of another invention. The unknown inventor of Bitcoin, Satoshi Nakamoto, did not invent the first and still the most crypto currency for currency purposes. In an announcement by Bitcoin in late 2008, Satoshi said that he had developed a Elektronik Peer-to-Peer Electronic Money System.. The most important part of Satoshi’s invention was to find a way to establish a decentralized digital money system. In the nineties, many attempts were made to create digital money, but all failed.

Advantages and Disadvantages

Crypto currencies have disadvantages as well as advantages. These are briefly mentioned:

Advantages:

No center

Very safe

Makes operations easier and faster

Disadvantages:

Can be directly exposed to cyber attacks

Increasing or decreasing money for a moment involves risk in terms of investment

It can be used as a crime because it is not a supervisor.

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