Basically crypto is also known as the currency of modern times and in other words it also known as the digital gold.It is the one of the greatest and finest way to divide your large amount of money into simple BTC.It is also known as the virtual currency/ virtual gold .
(There are many secrets of crypto those secrets are kept mystery in their own)
Decentralization: The heart of crypto
Their are about core of cryptocurrencies which lies in the decentralization.Central authorities control the Traditional financial system unlikely, Cryptocurrencies are also controlled by the decentralized system.Trough this not even the single currency have whole the control on this whole system and government interface in this system directly or in directly .
Blockchain system : Backbone of crypto
crypto currencies are powered by the blockchain system, a revolutionary distributed structure.Each information or transaction are stored in blockchain form which is unchangeable.This type of system make this system more accurate and the ratio of the Fraud and the spam became zero . Due to this system money remain safe from any type of disturbance .
Anonymity vs Transparency
While the crypto allows the transactions , they also allows a transparency previously unseen in traditional finance. Every transaction remain visible to everyone but the major or identity information remain anonymous.Its means that the information behind the wallet remain hidden and the walls are so strong there is no chance of hacking or stoling of your data.
Global Accessibility:Banking the Unbanked
This thing makes the crypto more valuable that there is no need of banking every one can participate in the ecosystem of the crypto. With the passage of time i will named this system the world best system as compared to the other ones.
Security:Fort Knox of the Digital Age
Crypto use the advance level based cryptographics for the storage of the data or personal informations of users.
This level of security surpasses a traditional banking system.This is one of the safest or highly secured ways to store data with out fraud or hacking.
The one of the most frequently asked question what is the future of crypto?
The crypto has vast future potential in present time and has a innovation in the financial sector.Because it is offering the great advantages like investing without fraud, decentralized system and associated market volatility.
Short term : Prediction in crypto
According to my knowledge it is impossible to say that what will be happen next in crypto after few years and nobody can predict its scope in few years. Crypto (BTC) has wide scope in present time and you will have better decisions for investing money after the markets evolves.
You should pay attention to that crucial details :
1) Crypto regulation in U.S. and abroad
2) Crypto payments and decentralized finance (Mass-market)
3)Cryptocurrencies ETFs biased on Bitcoins(BTC)
Is crypto will be the future of the money bank
Yes it will be true to says that the crypto will be the money bank of the future of world.The international views of crypto are ( Bitcoins are considered official currencies). There are many issues in world related to the crypto (The transactions of crypto in CHINA are considered as illegal.)
On the other hand the U.S. is paying attention on crypto and they arranged the special team for crypto.They took crypto to the federal level this team is lead or managed by highly experienced leaders with great experience in the crypto
Why the crypto will not be the future of money bank
Brighter future will be in serval ways :